Intraday trading analysis (tips) on GBP/JPY for 28 March 2011, we recommend to trade Short (Sell) GBP/JPY pair below 130.65 for target of 130.25 and 130.05 keep stop loss above 130.85. Reason behind trading short: This pair is finding resistance near its 200 DMA line on 4 Hour chart, which confirms the bearishness. So, we will be looking for selling opportunity in this pair as long as it trades ... [Continue Reading]
Gold (Spot) Trading Analysis for 28 March 2011, Sell Below 1419
Gold intraday trading analysis for 28 March 2011, we recommend to trade short in Gold below 1419 level with targets as 1414 and 1408. Stop loss should be placed above 1422 level. Reason to trade Short on Gold : Gold has broken below its strong support, Also Gold lacks the upward momentum in near term. So we can conclude that this yellow metal is more likely to weaken and touch its next support ... [Continue Reading]
Nifty Futures May Approach 5698 Level Next Week 28 March 2011
Markets ended this week on sharp recovery in broader markets as Nifty and Sensex both managed to close above their psychological mark. When we talk about nifty futures, it managed to close above its crucial resistance of 5555, hence we saw 150 points bounce in nifty. So strong closing above 5555 level has now opened the way for 5700 area in near term. Also the range for nifty has shifted, its now ... [Continue Reading]
Gold (Spot) Intraday Trading Analysis for 25 March 2011, Buy above 1429 For Target 1337
Gold intraday trading analysis for 25 March 2011, we recommend to trade long in Gold above 1429 level with targets as 1434 and 1437. Stop loss should be placed below 1426 level. Reason to trade long on Gold : Strong buying is supporting this yellow metal, on news such as uncertainty in Libya and bullishness in crude oil prices. So at current level gold seems to be attracting buyers, hence its a ... [Continue Reading]
Nifty Futures Support Resistance Trading Level For 25 March 2011
After strong buying yesterday, we have changed our sentiment from consolidation to bullish for near term. Today Nifty futures is trading in tight range, but still given a positive breakout targeting the 5600 level. We see this type of movement to continue for a week, before we see any resistance there. When we speak about Nifty futures, the break above 5555 level has already brought strong buying ... [Continue Reading]
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