Intraday trading analysis (tips) on EUR/USD for 11 February 2011, we recommend Short (Sell) EUR/USD Below 1.3555 for target of 1.3505 and 1.3465 keep stop loss above 1.3575. Why to go Short: EURO was seen weakening in 4 hour chart and was supported by leading technical indicators. So we can see the pair to weaken further and move towards its next support of 1.3465, so the trend must continue, and ... [Continue Reading]
Intraday Stock For 11 Feb 2011: BUY IDFC At 131.6, Target 135
Stock for intraday trading on 11 February 2011: BUY IDFC @ 131.6 for target: 133.5 and 135, place protective stop loss at 130.55. We see strong buying supporting this stock, currently this stock is trading up 5% and likely to be bullish today. Technical indicators are confirming the bullishness in IDFC stock. ... [Continue Reading]
Nifty Futures Support Resistance Trading Level For 11 February 2011
Nifty futures is continuing its downtrend, as FII are still net sellers in the markets. The markets are likely to witness more selling pressure as long as nifty is trading below 5252 level. I will be looking for selling opportunities as as long as nifty futures is trading below 5252 level on intraday basis. Keeping bearish outlook for today, so short nifty below 5252 for intraday target of 5202 ... [Continue Reading]
GBP/JPY Intraday Trading Levels For 10 Feb 2011: Buy GBP/JPY Above 132.75
Intraday trading analysis (tips) on GBP/JPY for 10 February 2011, we recommend Long (Buy) GBP/JPY Below 132.75 for target of 133.15 and 133.45 keep stop loss below 132.65. Why to go Long: This pair has been rebounding from its strong support level, and overall bias for this pair remains bullish. So we may see the pair strengthening to its next resistance of 133.15. Technical indicators are ... [Continue Reading]
EUR/USD Intraday Trading Analysis for 10 Feb 2011: Sell EURO Below 1.3645
Intraday trading analysis (tips) on EUR/USD for 10 February 2011, we recommend Short (Sell) EUR/USD Below 1.3645 for target of 1.3615 and 1.3575 keep stop loss above 1.3665. Why to go Short: EURO was seen weakening in 4 hour chart and was supported by leading technical indicators. So we can see the pair to weaken further and move towards its next support of 1.3615, so the trend must continue, and ... [Continue Reading]
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