ECONOMICNERD.BLOGSPOT.IN 2/9/14 EOW 07.

14

Friends It is my tryst as always to bring in the time factor. Main reason we as being traders / analysts to get in / get out of the trade at most precise time as possible along with the best entry / exit price is the main aim so that we can enhance profits and minimize risks. The time part is still on trial run basis. I have mentioned separately Reversal dates if any this week specifically to remind the trader analyst of possible reversal dates.

Nifty 50
Expected Direction:
Nifty May come up slightly on Monday. Just to sink back for the rest of the week.

Trading Strategy for the week:

Trading Strategy for this week is sell on rise we are planning to sell in 2 parts if Nifty touches 6111 sell 1st part if it continues to rise to 6143 sell 2nd part. Our actual target for the week in Nifty is 5939. But there are good chances that it may very well sink below 5916.

Possible Reversal dates if any this Week: Monday 10 February, 2014

Bank Nifty
Expected Direction:
Bank Nifty May come up slightly on Monday. Just to sink back for the rest of the week.

Trading Strategy for the week:

Trading Strategy for this week is sell on rise we are planning to sell in 2 parts if bank nifty touches 10385 sell 1st part if it continues to rise to 10471 sell 2nd part. Our actual target for the week in bank nifty is 10051. But there are good chances that it may very well sink below 9940 to 9854

Possible Reversal dates if any this Week: Monday 10 February, 2014

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Dow Jones
Expected Direction:
Dow Jones May come up slightly till Wednesday 12 Feb 2014. Just to sink back for the rest of the week.

Trading Strategy for the week:

Trading Strategy for this week is sell on rise we are planning to sell in 2 parts if Dow jones touches 15766 sell 1st part if it continues to rise to 15868 sell 2nd part. Our actual target for the week in Dow jones is 15378. But there are good chances that it may very well sink below 15241 to 15139

Possible Reversal dates if any this Week: Wednesday 12 February, 2014

Crude Spot
Expected Direction:
Crude is expected to rise this week from the word go up to Tuesday 11 February 2014 & may sink after that.

Trading Strategy for the week:

Crude is Expected to rise up to 101 up to Tuesday 11 February 2014.& may then sink to 97.72 or still lower to 95.14

Possible Reversal dates if any this Week: Tuesday 11 February, 2014.

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GBPJPY
Expected Direction:
GBPJPY is expected to be bullish up to Wednesday 12 Feb 2014. Just to sink back for the rest of the week.

Trading Strategy for the week:

GBPJPY is expected to make a high of 168 / 169 by Wednesday 12 Feb 2014 and may sink to 164 /163 /162 by end of the week.

Possible Reversal dates if any this Week: Wednesday 12 February, 2014.

EURUSD
Expected Direction:
EURUSD is expected to be bullish up to Wednesday 12 Feb 2014. Just to sink back for the rest of the week.

Trading Strategy for the week:

EURUSD is expected to make a high of 1.3650 / 1.3685 up to Wednesday 12 Feb 2014.and may sink 1.3469 to 1.3434.

Possible Reversal dates if any this Week: Tuesday 12 February, 2014.

Disclaimer, Technical overviews and analysis are for key stocks, indices, commodities and
currency pairs. This information is a comprehensive summary derived from simple and exponential moving averages along with Elliot Wave and Fibonacci shown for specific time intervals. Ajit Chand Bhandari (or) Blogs related to him or anyone involved with Ajit Chand Bhandari (or) Blogs related to him will not accept any liability for any trading loss or damage as a result of reliance on the information contained within this email including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Ajit Chand Bhandari (or) Blogs related to him would like to remind you that the data contained in this email is neither necessarily real-time nor accurate. All stock prices, Indexes, Futures, buy/sell Signals and Forex prices are indicative and not appropriate for trading purposes; furthermore they are not provided by an exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price. Ajit Chand Bhandari (or) Blogs related to him doesnt bear any responsibility for any trading losses you might incur as a result of using this data.

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