Last Week we gave Bank Nifty Trend Deciding level as 12800 and it did 2 target on downside and achieved all upside targets. Bank Nifty has made a fresh lifetime high of 13355 and closed above its previous life time high of 13303 on Nov 2010 As discussed in Nifty Weekly Analysis, Nifty gave a… Read More »
USD has surged to 3 year high as market rumors are going Fed will cut down on QE in coming months. USD is trading at 84.393 highest level sinse July 2010.Lets analyze technically how long can the move last. USD Hourly Chart As per hourly charts USD is trading above its Fibo channel line and… Read More »
Nice presentation of Gold fall which we have seen, Click on Image to enlarge.
Reliance RIL closed above its 200 DMA with bullish engulfing pattern, Stock once its crosses above 845 can see a breakout move till 870 in short term. Buy above 844 Tgt 849,855 and 861 SL 841 Sell below 833 Tgt 828,825 and 822 SL 836 JP Associate Buy above 81 Tgt 82.1,84.1and 86 SL… Read More »
As discussed in the following post How a Fibonacci Ratio Showed an Important Resistance and Support Level in Gold After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under the psychologically important $1400 for the first time in four weeks. This also ascertain to our fact… Read More »
Nasdaq -100 does it after 13 long years and with over 4 trillon of liquidity pumped by fed. Its up more than 195% from the Nov 2008 lows during the financial crisisi. After 13 long years , the Nasdaq-100 has now broken back above the magical 3000 level. 3000 level first seen in… Read More »
Fibonacci Ratio are very powerful and works perfectly in commodities. Below is the 4 hour chart of gold showing perfect support at 38.2% and Resistance at 61.8% retracement
FIIs sold 1312 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 39 cores with net Open Interest decreasing by 20896 contracts, so liquidation by FII and no shorts taken as of now. Should Gold be bought on Akshaya Tritiya As discussed in Weekly analysis for momentum to continue Nifty should cross… Read More »
Today we have the auspicious occasion of Akshaya Tritiya, It is considered to be an auspicious day for buying precious metals in the Hindu culture.Most of people will be buying Gold as “Shugan” but should you invest heavily in Gold now as it has come down from high of 33K to low of 26K. My… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 12363 and it did 1 target on downside and achieved all upside targets. As discussed in Nifty Weekly Analysis, Nifty gave a breakout but Bank Nifty will give only above 12800, So lets discuss how to trade Bank Nifty in coming week. Bank Nifty Hourly… Read More »