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Intraday Stock Trading For 1 July 2011: Sell JUBLFOOD At 872, Target 851

By Bhaveek Patel Leave a Comment

Stock for intraday trading: Sell JUBLFOOD @ 872 for target 861 and 851 place protective stop loss at 880 At CMP of 873 it is trading negative by more than 8%, but we are expecting further sell off the stock has entered the bubble and in terms of valuation it is very expensive stock, so trend is more likely to be bearish today, So it seems to attract more sellers on every up move in this stock. The ... [Continue Reading]

Gold (Spot) Trading Level Analysis for 1 July 2011, Sell below 1507

By Bhaveek Patel Leave a Comment

Gold intraday trading level analysis for 1 July 2011, we recommend to trade short in Gold below 1507 level for targets as 1500 and 1496. A protective stop loss order should be placed above the 1509 level. Why to trade short on Gold : Looking at the charts we see that the price action has broken below the bullish channel lower boundary, So we see further consolidation before any up move from here. ... [Continue Reading]

Maruti Suzuki June Sales Down by 8.8% to Lower by 80,298 units

By Bhaveek Patel Leave a Comment

Maruti Suzuki’s total sales in June fell by about 8.8% YoY (year-on-year) basis to 80,298 units, this was due to a sharp decline in sales of passenger car models such as SX4, Swift D’zire, Maruti 800 and multi utility vehicles Gypsy and Grand Vitara. The company's sales were partly hit by the workers strike at the Manesar factory during the last month. While there was no production for 10.5 days ... [Continue Reading]

Nifty Futures Support Resistance Level For 1 July 2011, sell below 5685 for target 5595

By Bhaveek Patel Leave a Comment

Today at 10:50 AM Nifty futures is trading higher about 15 points. But we see the price action is suggesting some profit booking as we have approached the 50% retracement, which is currently the resistance level and we see that it will be difficult for the market to break above that level in near term. So we will be looking for selling near the 5685 level for target of 5595 and 5575 levels, it is ... [Continue Reading]

Forex: EUR/USD Trading Analysis for 30 June 2011: buy EURUSD above 1.4515

By Bhaveek Patel Leave a Comment

EURUSD is today most traded pair on the Forex, also making it most liquid pair. EURO is having high interest rate than USD so many traders only look for buys in EURO. We provide our daily recommendation on EURUSD pair every day for free. Today's trading technical analysis (tips) for EUR/USD 30 June 2011, we recommend, enter long position (buy) in EURUSD above 1.4515 for target of 1.4555 and 1.4585 ... [Continue Reading]

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