Showing posts with label Bullish. Show all posts
Showing posts with label Bullish. Show all posts

Monday, March 29, 2010

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

Friday, March 26, 2010

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…

image

 

vikas verma

Friday, March 19, 2010

Trade Update: BHARTIARTL 280CA for April

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

Tuesday, March 16, 2010

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.

 

vikas verma

Monday, March 15, 2010

Silver 1H chart gave you entire day’s range in a single trade…

Who said you can't buy at bottom & sell at top... see this.


A perfect wave that I had been watching on an Hourly Chart of Silver since early morning... up move from day's low to day's high.... complete day's range in a single wave...


Here is the video of it...

 

vikas verma

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



Friday, March 12, 2010

Buy BALRAMCHIN @ CMP … ie. 93

Balramchin should have completed its correction cycle today and can give a good return in couple of months. 

Buy @ current price of 93 and look for 125+ levels.. may be 132 in next 2-4 months..

No stop loss given as it’s a good stock and should outperform in coming months… hold it with a horizon of 6 months.

 

Reason behind the cover short/go long in BALRAMCHIN

 

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vikas verma

Thursday, March 11, 2010

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

Monday, March 8, 2010

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

image

vikas verma

Sunday, March 7, 2010

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…

 

n617712929_2819

Friday, March 5, 2010

Expecting better than expectations – US NFP Numbers

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

n617712929_2819

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%)

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

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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.

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

 

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vikas verma

Thursday, February 18, 2010

Trade Update: What happened to Gold, USD, & S&P 500

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.

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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.

image

 

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.

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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.

 

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Monday, February 15, 2010

Nifty Future… Positional Call

 

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

 

n617712929_2819

Friday, February 12, 2010

A Golden Penny…. golden gains!!!

Penny stocks could be of great return if executed properly. Here is the update on my prediction just 4 days back
http://dhanvarshagrp.blogspot.com/2010/02/lets-look-at-gold-once-again-and-see.html
and here are the returns.. I suggest to book 50% profit and keep rest with a SL @ cost

image

Gold Rush!!!!

Related Posts:
http://dhanvarshagrp.blogspot.com/2010/02/us-non-farm-payroll-number-prediction.html
http://dhanvarshagrp.blogspot.com/2010/02/these-are-golden-moments.html
http://dhanvarshagrp.blogspot.com/2010/02/trade-update-gold-vs-dollar-which-is.html

I have been suggested “GO GOLD…. GO GOLD” and its keep on riding my predictions… hope you are having fun and great profits as well… This is called Dhanvarsha.. Jai Maha Laxmi :-)
Let’s see how gold looks like today… and I suggested                                                                                                    

gold

Thursday, February 11, 2010

Warning… Danger ahead!!!!

Do not be over optimistic about the recovery that we seen today. Nifty is possibly headed towards below 4500 mark very soon… use this as caution and pick some 4500PE for the month of February

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Gains & Only Gains… in 4800CE

Suggested yesterday
http://dhanvarshagrp.blogspot.com/2010/02/why-did-indian-markets-fall-today.html
book 75% profit and ride rest with a SL @ price… ie. 84

Update: Day’s high 118… target was 110-120… see the accuracy… enjoy!!!
I would recommend to book out 100% and buy some amount of 4700PE.. we sould break below 4600 this time.