Nifty Buy Or Sell ????

Dear All,
                        We recommend to Sell Nifty between 5988---6014 Nifty spot levels for target 5700--5550 with stoploss of 6050 Nifty spot closing basis.

Kindly check Chart

Thanks & Regards
Abhay Mehrotra

Nickel Elliot Wave Analysis : Ready For ABC Up ???

Dear All,
                      Nickel Seems to have completed 1-5 decline ready for abc up ......kindly chk charts


1. 1-5 Down complete

.2. Wave 3 did 261.8* ext 

3. wave 4 was 38.2% --50% ret 

4. In wave 4 a to b to c did exact 100% ext

5. ABC up move target are as follows

Thanks & Regards
Abhay Mehrotra

USD-INR Elliot wave Analysis Short term View ...ready for Abc Up ??????

Dear All,
                 We might have completed 1-5 wave down and now can see abc up .....kindly chk charts
1. 1-5 wave down

2. Wave 3 was 424% of Ext of wave 1-2

3. Wave 4 was 38.2% --50% of wave 2 high to wave 3 low

4. Wave 5 was exact 61.8% of wave 1-3

5 . Targets for abc up

Thanks & Regards
Abhay Mehrotra

Gold going up for C Wave ?????

Dear All,
                    On 20 June given Down side targets of Gold for medium term and long term .....kindly chk http://abhaymehrotra.blogspot.in/2013/06/gold-silver-medium-to-long-term-targets.html

Now what next .........we still of the view Gold is bearish in medium to long term perspective ........but can see price going up for abc of 4 wave up .......kindly chk chart

Thanks & Regards
Abhay Mehrotra

Silver Going up for Big 4 wave ????

Dear All,
                     On 20 June we gave following analysis .........http://abhaymehrotra.blogspot.in/2013/06/gold-silver-medium-to-long-term-targets.html

Silver then drifted very close to our first target .......now what next ??????

Kindly chk chart ...

Thanks & Regards
Abhay Mehrotra

Short Term Elliot wave Analysis !!!!! USD-INR

Dear All, 

                 Kindly Chk chart .....

Case 1 : We Might have truncated 5 done 

Which means that we will retrace back till 60.90-----61.19 levels in 2-3 days 

Confirmation only done when we pass 60.60 in intra day trade .

Case 2: We are still in wave 5 and completed wave 1 down expect wave 2 up

  kindly chk chart 

If we trade above 60.55 this scenario will not be applicable and can see case 1 to come in effect

Thanks & Regards

Abhay Mehrotra

Counter Trend Trade In Copper !!!!!!!!

Dear All,
                     Though we are highly bearish on copper ........we can see a counter trend move in copper , kindly chk charts

Thanks & Regards
Abhay Mehrotra