Trade Update: Book 100% longs in Silver – 500% profit in 8 days

Suggested here : http://dhanvarshagrp.blogspot.com/2010/03/trade-update-silver-pullback.html

and here

http://dhanvarshagrp.blogspot.com/2010/03/get-out-of-silver-shorts-target-hit.html

My target was 17.25 in the pullback and see its trading at 17.40

so how we traded over the past 2 weeks?

Short @ 17.55 , Covered @ 16.55 – 10,000 pips profit

Long @ 16.60 , Covered @ 17.40 – 8,000 pips profit

Overall above 18,000 pips profit in less than 8 days which is $1800 profit on a single Micro lot of 1000 units and investment of just $300… overall 500% return

Trade Update… Silver Pullback

Suggested here: http://dhanvarshagrp.blogspot.com/2010/03/get-out-of-silver-shorts-target-hit.html

I asked you to book out of Silver shorts and get on other side for a pullback… I asked to cover shorts near 16.5 and it did 16.55 before pulling back… my target was 17+ and its already trading at 16.92…

Target is still open and stretched to 17.18-17.25

Get out of longs near 17.20-17.25

Get out of Silver shorts… Target Hit

Suggested here: http://dhanvarshagrp.blogspot.com/2010/03/short-silver-target-below-1685.html

Target was below 16.8 then later downgraded to 16.5 … its trading at 16.55 mark and I see it bottoming out near 16.45…  which is near 10,000pips or $1000 on an investment of just $300… 300+% profit in 5 days.

Book out near 16.5-16.45 and go long in Silver with a Stop @ 16.35 for a target of 17+ in coming days…

 

Sell RPOWER for a big fall

Sell RPOWER or BUY 150PA for April @ 6-7
Downside Target: 142.98 <-> 141.36 <-> 139.05 <-> 136.11 <-> 132.38
Stop is 2% higher from today's high ie.. 153

Chart

Put Options for April Series

Buy these dirt cheap Put Options for April series

ACC 950PA @ 29 for April

AMBUJACEM 115PA @ 2.8 for April

BHARTIARTL 300PA @ 8.5 for April

CIPLA 340PA @ 11 for April

Trade Update: BHARTIARTL Shorts gave over 30% gains

Suggested Here: http://dhanvarshagrp.blogspot.com/2010/03/sell-bhartiartl.html

Bharti 320PA touched 20.25 which is 35% return from suggested level of 15

Futures touched low of 305.5 from suggested 318 level…. hope you are enjoying it.

Book 50% and ride the rest with stop at cost… book 100% at 280 levels in Spot

Forex Trade Updates

First of all the star among the rest… Silver Short

Suggested to short near 17.45-17.5, see here http://dhanvarshagrp.blogspot.com/2010/03/short-silver-target-below-1685.html

Target was below 16.85… current price is 16.60 which is 8000 pips or $800 with a Micro lot 1000 units… over 200% return on investment within 4 days.

 

Next trade… Short NZDUSD… See here : http://dhanvarshagrp.blogspot.com/2010/03/sell-nzdusd-target-130-230-pips.html

Suggested to short @ 0.71145 for a target of 130-230 pips, touched 0.70.. which is a good 115 pips profit in 1 day.

Trade Update: Short Silver gave over 5000pips

 

See how Silver was dumped as USD rallied.. Book 90% profit and ride the rest for a target well below 16.8-16.5

Sell NZDUSD – target 130 – 230 pips

NZDUSD is looking weak on 4HR chart for 3 possible targets.. 0.6975 - 0.6927 - 0.6880

Trade Update: Short Silver

Suggested Here
http://dhanvarshagrp.blogspot.com/2010/03/short-silver-target-below-1685.html

Silver is already down by 2500pips or $250 with 1 single Micro lot of 1000 units... over 70% return

Short Silver : Target below 16.85

Silver is looking so bearish to me...

Target is below 16.85

Change or No Change :: US Key Interest Rates

Tonight is another such night where everyone is assuming that where FED Chairman, Ben Bernanke , come out of meeting and shout “No Change” but I have this gut feeling that tonight could be the night where they pull up their socks… err I mean their Interest Rates

 

Let’s see another 4 hours to go for the Interest Rates Decision and then Consumer Confidence number after 1 Hour of Interest Rates Decision

My prediction: They Hike their rates… Gold/Silver should be dumped along with all currency pairs and USD should rally. US Equities should make a double top here and go back below their 50% retracement levels by this Thursday 18th.

Big expectations.. lets see how it goes.

 

Trade Update… Nifty Short

Friday at 1:45pm I suggested to short Nifty when it was trading near 5140… this was the call

Sell NIFTY Target 5110-5108

http://dhanvarshagrp.blogspot.com/2010/03/sell-nifty-target-5110-5108.html

..and see the today’s low… 5105.50 and a strong bounce back… did it go down further?

So now what? Short again on a break of 5125 if it trade below 5110 for 5-10mins and look for 5096-5090-5040 within couple of days.. max by this Thursday.

US Numbers evening…

Another important evening with respect to US Data in another 1 hour

 

	Previous	Expectations
Trade Balance	-40.20B	-41.00B
Initial Jobless Claims	469.00K	455.00K
Natural Gas Storage	-116.00B

 

Looking at various charts USD, US 10Y Bond, Gold, Silver, Dow, S&P... I am predicting & expecting numbers to leave negative sentiment atleast to start with. Lets see how numbers are...

 

Update… Numbers were bad not not too bad… still here is what happened

USD Down
Bond Rally
Gold rebound
Silver rebound
Dow , S&P Down

Gold & Silver are the biggest stars

Short Silver Spot – XAG/USD

Silver is looking bearish to me for a target of 17.25-17.18 in Hourly chart. On a Daily chart it is looking bearish for a retest of below 15 levels.. may be 14.55

 

 

See how the short went.. instant profit… that is Dhanvarsha :)

 

Back to Back 2 Waves on a Nifty 15min chart today… gave over 40 points

Nifty 15min chart and it gave over 40 points. The setup was WolfeWave and two perfect waves traded.

Market is all about waves…

Waves exists almost always in the charts and this is so satisfactory when you are able to spot them and profit from them.

See the video of Silver’s SPOT chart where there were 2 waves one after another one bullish then second bearish in the 15minute chart

The bearish wave is still pending for its target… I will update you once it hit the target..

Do let me know if that is helpful to you or if you have any doubts.

 

Update: See what happened after 2 bars

Nifty’s Prediction for Next 3 Months

Since everyone is talking about bearish levels so I would start this with a bullish tone for a change.

Nifty is going to touch 5450 by 27th May 2010

but first 4650-4700 within by April first week then 5475-5500 by last week of May or first week of June

Watch Video for more detail…

 

Trade Update: Nifty 5100PE

 

CMP is 107… that is 30% + gains in less than 3 hours.. suggested to buy @ 85 here

http://dhanvarshagrp.blogspot.com/2010/03/buy-nifty-5100pe-cmp-85-target-4990-in.html

Hold them tight for a target below 5000 in SPOT or book atleast 50%

Buy Nifty 5100PE , CMP: 85 , Target 4990 in Spot, Stop Loss: 5210 in Spot

 

Buy Nifty 5100PE , CMP: 85 , Target 4990 in Spot, Stop Loss: 5210 in Spot

Or atleast hedge your Nifty Longs by adding Nifty Puts.