Dollar , Gold and Equity...

GM all traders...
                     I think Dollar ($) and Gold are on the way of replicating what happened with Silver And Crude Oil. IF you remember Silver tanked from 73000 to 40000 in matter of days and crude oil slipped From 5600 to 4600 in even shorter duration. Now i feel that Dollar will come down with a very slow pace and gold will tank like Silver to the level of 25000-26000. IF it happens then Equity will be the only place to invest. Other positive thing is that probably the worst has been over as for as world market is concerned. Dow is trading above 200 DMA and looking for a good up move in Daily chart. So plan your trades accordingly and stay happy.

Global turmoil and Local Hope...

There are so many things going around the world . European crisis , Rating downgrade - upgrade. G-20 , G-8 summits to resolve crisis . Markets flying and falling like a kite in heavy wind. As for as nifty is concerned , i m hopeful of the upside move till it holds 5080 ( 5084 - is its 200 SMA) in short term and 4990 in long term. With a little bit of risk it is an excellent opportunity to make money.

Major support and resistance level for the day is : 5080-5180

Have a profitable day ahead...

What should we expect from our markets now ..?

Nifty has rallied from 4770 to the level of 5180 till now in June. Amid all the bad news from local and global markets it has held its important levels of 4990 - 5050 . IT has also given 3-4 continuous close above psychological level of 5050. So the next target seems to be 5400. Volatility will be in the market for sure but we can play long trades with bit bigger stop losses.

Recommendation : Buy 5300 call of July month with s/l 4990 level of nifty spot.

Happy trading ahead.....

S&P Report and Our market..

S&P again gave a comment on credit rating of India (remember just comment not report) and markets slide. Technically it was bound to correct as NIfty Spot almost touched 5125 ( the major resistance level , Refer my last post). So According to my view nifty spot should take support near 4990 and then continue its upward journey. Dont panic too much with reports and all and try to create buying opportunity till nifty holds 4910-4930 zone. Below this level the picture will become a bit gloomy and then we will decide our next course of action( if necessary). Have a happy trading ahead....

P.S. - IT was same S&P which gave most favorable credit to Sub-Prime loans of USA which was the root cause of Global recession started in 2008.
( If u have any query regarding any stock u can ask me on my mail id : Letter2amit22@gmail.com)

1000 point upside move in Sensex in just 4 days...

Nifty is expected to open 80 points up today. Last time when i recommended to buy on Monday , nifty was trading at 4770. In just 4 days ( including today's opening) it will be 300 point move in nifty and around 1000 point move in Sensex. I hope this would have helped battered traders.

P.S. --- If nifty manages to close above 5125 then in all probability there is a  possibility of touching it 6000 in 3-4 months. Add Maruti in the list of recommended stocks in last post.  

Broad View on Indian stock markets..

As expected , May ,2012 has ended in red. Market took beatings . Amid all the crisis the only silver lining was " Nifty holding its last low of 4531 made on 20th dec 2011" . And in all probability nifty has been bottomed out  as market has absorbed all the bad news. Now Traders are advised to start accumulating stocks in small quantities with keeping s/l of 4530 of nifty spot. Stocks which may give good returns are -- Tata Motors , tata steel , Rel Capital , Hindalco , Hdil , Indiabulls power , Sbi , Axis bank etc. Time frame is of 6 months.
Happy Trading ahead .....