Honey Honey.... oh my Sugar...

I do not know how overall Sugar sector is going to perform in coming weeks but I certainly see two stocks from Sugar pack to completed its correction and most likely about to jump back.

Here are my Trades for the next 6-8 weeks.. I expect first target to hit within next 2-3 weeks itself

Buy BAJAJHIND around 148, Stop 129, Targets 167,182,193,205,221,242
Buy BALRAMCHIN around 93, Stop 87, Targets 109,119,128,137,149,165


Charts

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…

 

Hey yaa everyone…

I have been busy lately with my personal life and was not trading actively. I wont be trading quite as active for some more time but will be tracking the market when I get some time.

I have been following Gold quite closely and it may be possibly done with the rally and looking for a pull back… maybe a 100% pull back to make a double bottom.

This is the weekly chart setup and if we consider the lower line as target then see how perfect was the target… the estimated price at arrival should not exceed more than 1145 and yesterday it made a high of 1145.18 ( I was expecting a 10% rally from the lows and that is almost over 9.65%)

Now look at this Daily chart and why I see pain in Long Gold situation…

 

I see it max making an attempt to touch 1155 and then a possible double bottom… argh.. that’s gonna hurt and I already booked my longs and added few shorts at 1143.. I would be a ruthless bear on a breach of 1130

 

Now let’s look at the S&P 500 Index and see it is also making a bearish wave pattern… although the volume was not great in last two days which is very much needed .. maybe they want to make a final attempt to go short near 1140 levels.

Similar pattern in Nasdaq Composite… be cautious and atleast book profit on longs or hedge your positions.

 

 

Weekly Analysis of NIFTY-FIFTY Stocks

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

-Member Dhanvarsha Group