Gold intraday trading analysis for 18 March 2011, we recommend to trade long in Gold above 1412 level with targets as 1421 and 1424. Stop loss should be placed below 1408 level. Reason to trade long on Gold : Strong buying is supporting this yellow metal, on news such as libya and souring crude oil prices. So at current level gold seems to be attractive, hence its a good buying opportunity. Daily ... [Continue Reading]
Forex: EUR/USD Trading Analysis for 18 March 2011: Buy EURO above 1.4075
Intraday trading analysis (tips) for EUR/USD 18 March 2011, we recommend, Enter long (buy) EUR/USD) above 1.4075 for target of 1.4105 and 1.4135 also place protective stop loss below 1.4045. Reason to go Long: The pair finally trading strong and is showing one of the strong trending markets. Also EURO has strongly accumulated upward momentum and is firmly trading above its resistance level ... [Continue Reading]
RBI Hikes Interest Rates by 25 bps on 17 March 2011
Indian equities markets continued to consolidate as market got a expected trigger from the RBI's monetary policy. The Reserve Bank of India (RBI) hiked its key short term repo and reverse repo rates by 25 basis points each. This was in line with the market expectations. The new repo and reverse repo rates stand at 6.75% and 5.75% respectively. The central bank however left the cash reserve ratio ... [Continue Reading]
Nifty Futures Support Resistance Trading Level For 17 March 2011
Nifty futures is trading in tight range, consolidating before any further up move. We see this consolidation to continue for a week, before we see any breakout in either direction. When we speak about Nifty futures, the break above 5555 level will be keenly watched by the market participants. This is something that will bring the up trend confirmation in the markets. On the downside we look for ... [Continue Reading]
Nifty Futures Support Resistance Trading Level For 16 March 2011
Even though Nifty future is trading higher today, but it is still below its extreme resistance level of 5555, we will however remain bearish as long as nifty is trading below 5555 level (on closing basis). Downside risk are emerging as technical indicators are loosing the momentum from current levels. We will advice traders to stay short in today's market, unless nifty futures closes above 5555 ... [Continue Reading]
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