Yes, it seems Bears are Back as expected with lot of bad news flowing round the corner. Yesterday I wrote Nifty ready to fall for sw(iii) and it may be deep. As predicted Nifty made a Low of 5108.25 and confirmed the Bears Entry.
Now whats next, As shown on Chart sw(3)is going on. There are 2 possibilities marked on chart. If sw(3)(iii) is completed at 5108 then we may bounce upto 5180-84 for sw(iv) and then a fall to completed (v).
Next alternative (as shown on Yellow colour) is we may open gap down and 5060 and may retrace upto 5127 for sw(iv) and fall below to complete (v).
So the Performance is as follows :-
(20/Jul/2012 10:48:30): ****NIFTY-ALERT***** :- Sell & Hold as Positional If Nifty Spot breaks below 5210. Target 5130 & 5060. SL above 5260. cmp:5230
23-07-12, 12-59-04 pm *****NIFTY-UPDATE**** Nifty Sell given on 20th July @ 5210. First Target 5130 almost achieved. cmp:5134. Book Profit and Hold remaining with 5170 SL.
(20/Jul/2012 10:47:04): *****STOCK-ALERT***** :- Sell SBIN if breaks below 2140. Target 2080 & 2027. SL above 2173 (All Cash Levels)
23-07-12, 12-33-26 pm ****STOCK-UPDATE***** SBIN sell given @ 2140 on 23rd July. Cmp:2100. Can Book 50% Profit.
23-07-12, 10-38-16 am *****STOCK-ALERT***** Sell & Hold TATA MOTORS Only Below 217 for a Target of 212 / 200 & 190. SL above 222 (all Cash levels)
23-07-12, 09-50-39 am*****STOCK-ALERT***** Sell & Hold PANTALOON RETAIL below 177 for a Target of 169 & 162. SL above 184.
23-07-12, 02-47-05 pm Pantaloon & Tata Motors Sell Triggered and Falling. Nifty Broken Important Support of 5127. Next Support at 5060. SBIN 2096. Hold all the Shorts and Enjoy the Fall.
23-07-12, 01-21-15 pm*****STOCK-ALERT***** Sell CHAMBAL FERTILIZER Futures if breaks on cash below 73 for a Target of 70.40 / 67.30 & 63.30. SL above 75.
23-07-12, 02-50-06 pm - Chambal Sell Call Triggered Now.
Cheers!!!
