T(RADAR) – 22nd March, 2012

Hello Traders

Warren Buffet once said – “Markets go up the stairs and down the elevator.”

The same has hold true for our markets too. Its has always been the case when its in the downtrend – a vertical fall!

Latest Updates

Lets have the latest updates on the strategies which we discussed in last few days.

1. Reliance has achieved its target of 745. We shorted it @775. Clean profit of 30 points. WOW!!! How many lots did you buy?

2. USD-INR has achieved it target of 50.3 and 50.75. WOW!!! Also, as we have forecasted it has broken 51 on the upside.

3. Nifty has broken key level of 5240 and all set to go below 5200 for our targets of 5090-5100 if it doesn’t sustain 5170 and 5190 on the downside. Patience is the key!

4. Gold is looking weak and all set to break the key level of $1625. The decisive break below it will open the flood gates till 1560-1550!

5. Dollar Index has broken 79.9 and has kissed 80.7 few days back. Its all set to reach 80.9 shortly and to 82.9 in the medium term.

Now it’s your turn…..

Feel free to share your experience and thoughts in the comments area.

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