Nifty First Target Achived !!!!!

Dear All,
                  We told u to buy at 4790 levels for target of 4972--5150 today on the expiry Nifty hit 5000 so we book profit of 210 points and closing our position on Nifty for postional trade.


Thanks & Regards
Abhay Mehrotra

Market Outlook On broder basis

Dear All,

Nifty closes Above 4958 and Showed Strong Momentum. Now what Next .............In Our last post we said according to classical Technical analysis if Nifty closes above 4850 we will see target of 4972----5150 levels we maintain that stand and Suggest Buy on dips with stoploss placed at 4790 on closing basis.

Thanks & Regards

Abhay Mehrotra

Market Outlook On broder basis

Dear All,

We are presenting our analysis for coming week.

1. This for the first time we are talking about astro harmonic in Our Analysis , as per Astro harmonics , Time between 14 Sep to 18 Sep is Not good for market , Target can be seen at 4600, 4500, 4380 in coming week Cmp Nifty 4840.

We Advice to sell Short at 4840 with stoploss at 4915 on closing basis for target for 4680, 4600,4500, 4380.

2. As per classical Technical analysis that we use .........Market is capped at 4972 on upper range that mean any close above 4850 will lead us to 4972 range and a breakout above 4972 will give us a target of 5150--5350 levels.

If Nifty close below 4790 for two days we will head toward 4680-4600-4500--4380 levels.

So take postion accordingly........remember dont just trade but trade smart !!!!!!!!!!!!

Thanks & Regards

Abhay Mehrotra

What does it take to be a good trader?????

Dear All,

What does it take to be a good trader? Many would say it is an excellent understanding of the stock market, or perhaps a lot of good contacts. Having access to technology and the ability to get trades in quickly are important. But above all else, the one thing that is more important to successful trading is something that seems very simple.

Discipline.

Sounds simple, yet it is the greatest failing of people who lose in the stock market. Successful traders realize thatthey will not be right all the time. Many successful traders are profitable on less than half their trades. Given theselosing probabilities, the reason winners make money is because they cut losses short and let profits run. They havethe discipline to hit the eject button when they are proven wrong. And those who consistently lose money? Theyhang on for the dream

Fear of taking a loss or fear of missing out on an uptrend cause many market participants to hang on to losingpositions. So often, these traders tell themselves that they will sell when the stock falls to a certain point. However,when it does, they find a reason to establish a new limit. Too much attention is paid to the story and not enough attention is paid to the message that the market is telling.

When you take a position in a stock, you have to establish the point that the market will prove you wrong. Whetheryou choose to base that point on support and resistance levels, or the announcement of news, this point represents a bad outcome of your trading decision. If triggered, the exit sign is flashing. Head for the door.

Failure to take a loss when proven wrong will have two effects. First, it will likely make a potentially small loss grow into a big one. Remember that successful traders take small losses. A big loss takes often has a longer holding period, so it also ties up capital. And it will take more profits to recover.

Second, it will create fear for the trader who is seeing profit and does not want to feel the pain of a loss again. To avoid the potential disappointment of another loss, some traders take profits too early simply to lock in the good feeling that comes with making a win. Unfortunately, to be a successful trader you have to limit losses and let profits run. If you have small profits and big losses, well, you lose.

Maintaining discipline when trading is essential for success. If you have it, only simple rules of trading are necessary for success. Be strong, it is easier said than done.

Thanks & Regards

Abhay Mehrotra

63 % Return in cash calls from 1--9 Sep , 350 point Earned In Nifty so Far!!!!!!!!!!! in Sep only

Dear All,

In the month of Sep from 1--9 Sep we have given 63 % Return from our intra day cash calls and Earned 350 point on Nifty so Far.

Want to join us, be online in market and add my google id tradesmartindia@gmail.com for free Trading calls for 10 days

You need to mail me first for request regarding it , without mail, no id will be added ,so come join us and remember dont remain public ............happy trading!!!!!!!

Thanks & Regards

Abhay Mehrotra

Market Outlook On broder basis

Dear All,

Today Nifty close above 4680 convingsly with over 100 points, closes 4782, so the bearish falling wedge seems to be canclled .

Now What next , if this is a real breakout we will see target of 4850--4972---5100 levels in coming days , We will go long on nifty only and only if it closes above 4790 , for target of 4850--4972---5100. For creating short we will wait for nifty to close below 4680 for two days.

Thanks & Regrads

Abhay Mehrotra

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

Dear All,

Nifty Target 4580 achived today as Nifty made day low at 4571 , Now if we close below 4580 on closing basis we will head toward 4500, 4450 in coming days and bearish Rising wedge will get confirmed this pattern will get cancelled as said earlier if Nifty close above 4680.

Sensex and Nifty are making Rising wedge a Bearish Formation so the targets of rising wedge are 14780, 14000 for sensex , rising wedge will get cancelled if we close above 15780 , and Target for Nifty is 4500, 4450, 4400 .

Join us to be ahead of public ............quality has a price , those looking for free tips will get banged by Smart Money .............. its ur choice to get banged or join us ........

Kindly contact at abhaycfa10@yahoo.co.in

Thanks & Regards

Abhay Mehrotra