Nifty levels bang on target !!!!!!!!!

Dear All,

In last post we have told you that close above 4495 will take Nifty to 4700 levels , Today Nifty closes at 4732 levels our next target is 4790 , Now if this is a real break out then Nifty need to close above 4790 levels , for target of 4840, 4900.

If unable to close above 4790 we can see 4580 levels in coming days , So the key level to watch is 4790 on closing basis.

Thanks & Regards

Abhay Mehrotra

Market Outlook On broder basis

Dear All,

We have already told you that we need two closing above 4495 levels to see buying coming in market we have one close above 4495 on Friday , If nifty closes above 4495 again on Monday we can see Nifty moving upto 4625--4680--4790 levels in Coming days .

Thanks & Regards

Abhay Mehrotra

Intra Day Report Card

Dear All,

Todays' Intra day Report card is as follows

1. Buy Nifty at 4460 target 4480, 4500 stoploss at 4445

2. Sell Nifty at 4500 target 4480, 4450 stoploss at 4515

See charts

Thanks & Regrads

Abhay Mehrotra

Market Outlook On broder basis: Two different probablity , Ril Buy or Sell

Dear All,

On sensex Chart we can observe a Falling wedge , A bullish sign. Sensex closes at 15024 if this falling wedge to work then Sensex need to sustain above 14500 levels any close below will cancel this pattern , On upper side we can expect a Target of 15350, 15650 and 16050 see charts

.............Now Second probablity is that We can also observe H&S Pattern on Sensex chart a Bearish sign , If we break 14700 then we can head towards 14000

See charts

Let see who wins Bulls!!!!!!!! or Bears !!!!!!!

Is Ril a Buy or sell.............we recommend to buy Ril at 1940 cmp target 1980, 2035 stoploss at 1900

In coming one or two trading session ........Reason Kindly see the charts

Thanks & Regards

Abhay Mehrotra

Market Outlook On broder basis

Dear All,

Nifty gone for a sell off today , so how to trade coming days market.

Nifty closes at crucial levels of 4380 levels a close below 4380 will ensure selling upto 4250 levels and if 4250 break with volumes on closing basis we can head toward 3980--3900 levels in days to come .

We will go short on Market if and only if closes below 4380 with stoploss placed at 4495 for said targets.

A close above 4495 for two days will ensure that buying is coming into market

Thanks & Regards

Abhay Mehrotra

Some Short Term Pick

Dear All,

Some Short term Delivery Pick Which are Expect to give 5--15 % Return in coming days .

1. FSL CMP --32.5

2. IFCI CMP --53

3. SUZLON CMP ---88

4. UNITECH CMP--92.5

5. HINDUNILEVER-- CMP --256

6. IDEA CMP--78

Thanks & Regards

Abhay Mehrotra

Nifty Trail Hit : We booked 220 point on Nifty as Profit

Dear All,

Our trail stoploss hit on 13th at 4480 so we exit short initiated at 4700 , Full 220 points profit . As of now we have no posiotn on nifty .

Thanks & Regards

Abhay Mehrotra

Nifty levels bang on target !!!!!!!!! Nifty Target 4380 Achived

Dear All,

We have gone short on market On 4 Aug at levels of 4700 for target of 4500, 4380, 4250, We have achived 4380 today on intra day basis.

Now we will trail with stoploss of 4480 on closing basis.

Thanks & Regards

Abhay Mehrotra

Intra Day Report call

Dear All,

Today's Intra Day call Report call is as follows,

1. Buy Nifty at 4362 target 4380, 4405, 4445, 4465 All target Achived

Reason For Nifty long ---- cross over of 13 ema and channel got broken see chart.

Thanks & Regards

Abhay Mehrotra

Intra Day Report call

Dear All,

Today Intra Day Report card is as follows,

1. Buy Nifty at 4415 target 4435, 4465, 4480 All Target Achived

2. Short Nifty 4475 target 4450, 4425 All target Achived

In Long call reason why we initiated a buy , bcoz 13 ema cross over 26 ema and demand index and elher trend showing an uptrend ...look at second chart.

In short call ,Reason why we gave short call is rising wedge formation on 5 min charts .Look at first chart.

Thanks & Regards

Abhay Mehrotra

Nifty levels bang on target !!!!!!!!!

Dear All,

On 4 th Aug we have gone short on market at 4700 levels for target of 4500, 4380, 4250 , Today nifty hit day low at 4399.80 quite close to our second target.

Now trail stoploss of 4580 on closing basis for target of 4380, 4250 in coming days .

Today's Intra day Report card-----

1. short Nifty at 4490 target 4450, 4425, 4400 stoploss at 4515 First target achived

2. Short Nifty at 4475 target 4450, 4425, 4400 All target achived

Note on Today's Nifty trade setup.----------

Today was the classical case of trendline resistance on 5 min charts , When nifty 5 min chart taken resistance third time at 4495 level it was clear indication that we have to go short but we waited till 4475 in our second call to test the weakness of market and gone short at 4475 for target of 4400 which we have success fully achived , kindly see the chart.

Thanks & Regards

Abhay Mehrotra

Nifty levels bang on target !!!!!!!! Nifty Target 4500 achived

Dear All,

On 4th Of Aug we have gone short on market at 4700 levels for target of 4500, 4380, 4250 , On fridays 7 th first target 4500 hase been achived .

Now we will trail with stoploss at 4620 on closing basis for target of 4380, 4250 .

One reason we have given our last post why we gone short , now we showing charts with second reason.

Thanks & Regards

Abhay Mehrotra

Nifty levels bang on target !!!!!!!!!

Dear All,

On 4th of Aug we told you that we are going short on nifty at 4700 level for target of 4500, 4380, 4250 in coming days today , Today on 6th Aug Nifty hit 4550 levels 150 points profit.

Now we trail with stoploss to 4700(on closing basis) for target of 4500, 4380, 4250 in coming days .

Why we gave a sell call, we are showing charts, that was one of the

reason .

Nifty and Sensex Charts both showing Divergence .

Thanks & Regards

Abhay Mehrotra

Market Outlook On broder basis

Dear All,

Nifty in coming days can Target 4500, 4380, 4250 levels , We have gone short today with stoploss at 4790 on closing basis .

We have Shorted at 4700 levels with stoploss at 4790. We believe that untill nifty closes above 4790 for two days we see high volatality and weakness in market above 4790 if traded for two days Nifty will target 4850, 4980, 5095 ( chances are slim but market can surprise us)

Thanks & Regards

Abhay Mehrotra

Intra Day Report call

Dear All,

Today's report card is as follows .

1.Buy Bhel at 2300, target 2325, 2350 all target achived

2.Buy Nalco above 317 target 320, 325, 328 all target achived

3.Buy hindalco at 104 target 106, 109 all target achived

4.Buy Torrent power at 222 target 225, 228, 230 all target achived

5.Buy unitech at 92.50 target 94, 96 first target achived

6.Buy Bio con at 234 target 238, 245 we booked close to second target at 242

7.Buy Ib real estate at 256 target 260, 265 all target achived

Thanks & regards

Abhay Mehrotra