Broader markets saw huge consolidation for last 2 weeks, but Nifty seems to be capped by the strong resistance near 5555 (50 DMA on 4 Hr chart) . As nifty is still trading below 5555 level we expect the selling pressure to pull back the broader markets down on every up move, targeting the 5350 zone. So seeing this as a good selling opportunity we recommend to go long on nifty 5500 put near 52 ... [Continue Reading]
Nifty Futures Likely to Target 5250 Level Next Week 14 March 2011
Markets failed to close above the comfort zone of 5555. This failure will result in intense selling in the broader markets. However, Nifty close below 5500 level, closing below 5500 in March 2011, continuing its down trend. On last Friday Nifty didn't managed to close above its resistance of 5555 level which can still act as resistance for the up trend in short term. Also on downside if Nifty ... [Continue Reading]
Forex: Gold (Spot) Intraday Trading Analysis for 11 March 2011, Sell for Target 1402
Gold intraday trading analysis for 11 March 2011, we recommend to trade short in Gold below 1412 level with targets as 1406 and 1402. Stop loss should be placed above 1416 level. Reason to trade short on Gold : Strong selling buy gold ETF is supporting this profit booking in yellow metal. So at current level gold seems to be overbought, hence a good selling opportunity. RSI shows bearish outlook. ... [Continue Reading]
EUR/USD Trading Analysis for 11 March 2011: Sell EURO Below 1.3795
Intraday trading analysis (tips) for EUR/USD 11 March 2011, we recommend, Enter short (sell) EUR/USD below 1.3795 for target of 1.3745 and 1.3715 also place protective stop loss above 1.3815. Reason to go Short: The pair didn't take support at 38.2 % retracement level and is heading towards the 50 % retracement level (1.3737). Also EURO has broken its support level and the pair is now heading ... [Continue Reading]
Nifty Futures Support Resistance Trading Level For 10 March 2011
Nifty future is still trading below its crucial level of 5500, we are however bearish as long as nifty is trading below 5500 level. Downside risk are emerging as technical indicators are loosing the momentum from current levels. We will advice traders to stay short in this market, unless nifty futures closes above 5500 level. If nifty is able to break above 5555 level and close above it for two ... [Continue Reading]
- « Previous Page
- 1
- …
- 117
- 118
- 119
- 120
- 121
- …
- 167
- Next Page »