Suggested here : http://dhanvarshagrp.blogspot.com/2010/03/buy-april-bhartiartl-280ca-24-25-target.html
Suggested to buy @ 24 while it touched 35 already. Futures up from 294 to 311… book 100% out of F&O and only buy in cash position if you want to stay invested in this… look for 320 by April end
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.
Friday at 1:45pm I suggested to short Nifty when it was trading near 5140… this was the call
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.
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
Nifty 15min chart and it gave over 40 points. The setup was WolfeWave and two perfect waves traded.
High: 5124.70 / Low: 5097.10
Suggestion was Buy @ 5098 – Target 5125… liked the perfection?
See the recommendation here..
http://dhanvarshagrp.blogspot.com/2010/03/nifty-intraday-go-long-at-5098-5095.html
Since everyone is talking about bearish levels so I would start this with a bullish tone for a change.
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…
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
Or atleast hedge your Nifty Longs by adding Nifty Puts.
Current waves in DJI, SPX and even in NASDAQ suggest atleast 5-6% cut from the highs.
DOW & JONES 
Upside Target: 10635, Downside Target: 10040
S&P 500 
Upside Target: 1138, Downside Target: 1075
NASDAQ 
Upside Target: 2318 , Downside Target: 2200
Nifty : Upside Target: 5190 , Downside Target: 4835
Today was another green day for US as the indices closed around 0.5% in green. Gold had a good run in the morning but later gave up most of the gains, not only for today but half the gains of yesterday which is expected as it broke out of the channel.
Let the pictures do talking, here is a chart of Gold… remember I have been suggesting it since $1050 levels.
Now there could be two stops… one stop could be at the pink line which does not appear to be the case if we look at the volume and if we are able to break past the pink line then it should inch toward the blue line and make a new all time high in Gold.
Ok, so what about USD… it is playing hide n seek with the ‘sweet zone’ and today once again went back in sweet zone to close near $80.5… which is good for bears to short again or add more shorts. Unless we see a close above 80.85 which was the last high, the momentum remains in the hands of bears.
Ohk.. lets look at S&P 500 chart and why this dead cat was bouncing.. yes it is a dead cat and no surprise if we see a gap down tomorrow in S&P 500. Look how it made a bullish wave which completed its target today… next is what? Possible 100% pullback of this rally and go below 1040.
I am keeping my call to stay short and add more shorts in Nifty, S&P, Dow and USD.. while stay long in Gold… we should further see a good rally in Gold.
Sell Nifty FUT for a target of 4780 intraday , If 4770-4765 holds, then I am expecting a bounce to 4922 above 4930 expect 5100-5200 range... that makes it positional as well
I have decided to do a Weekly Analysis of Nifty Fifty Stocks and look for any emerging wave.
Not every stock MUST fall in this falling market and here are my two bullish picks for this week
REMEMBER THESE ARE PICKS FOR ATLEAST 1-3 MONTH TIME AND SHOULD NOT COME OVERNIGHT. TARGET MAY COME EVEN BEFORE WHEN PRICE HIT THE UPWARD TRENDING LINE.
HEROHONDA
Risky Buy: 1582 (at price)
Conservative Buy: above 1620
Stop Loss: 1495
Target: 1800+
Chart
ICICIBANK
Risky Buy: 800 (at price)
Conservative Buy: above 810
Stop Loss: 775
Target: 1010+
Chart
![n617712929_2819[2]](http://lh6.ggpht.com/__fDdLikqj6U/S230H6HFMyI/AAAAAAAAADY/qtvsSGC4TP0/s1600-h/n617712929_2819%5B2%5D%5B2%5D.jpg "n617712929_2819[2]")
-Member Dhanvarsha Group
Everything was going as planned and US was down all the way to 2.5% most of the session but last 1 hour was interesting which pulled the markets back in green.
Here is what happen in the last 1 hour of the market.. it made a bullish wave in 15min chart
Now this could be a good move for Indian markets to make a possible Bull Trap. I am expecting Indian Markets to rally in a Special Session tomorrow between 10am-11:30am
Yes NSE & BSE both will be open on Saturday for 1.30 hours.. may be for operators? Whatever it may be.. I would buy at the money puts… looking at the way US market came back we might see 4750-4775 level where I will buy 4700PE and hold them for Monday
-Member Dhanvarsha Group
