Gold spot intraday trading for 13 January 2011, Gold intraday trading tips, Long (Buy) positions in Gold above 1381 with targets as 1388 and 1393. Stop loss should be placed around 1376 level. Why to go Long on Gold : Gold was trading higher after rebound seen in Aussie (Australian Dollar) with respect to US dollar, yesterday gold has broken the bearish channel upper boundary on 1 hour chart due ... [Continue Reading]
EUR/USD Intraday Trading Analysis: Buy EURO Above 1.3185
Intraday trading analysis (tips) on EUR/USD for 13 January 2011, we recommend Long (Buy) EUR/USD Above 1.3185 for target of 1.3235 and 1.3265 keep stop loss above 1.3165. Why to go Long: This pair has shown positive breakout above the resistance of 1.318 level today, so the trend must continue till pair is above 1.318 level on 4 hour chart, trading with the trend we recommend to go long on this ... [Continue Reading]
Infosys Tech Q3 Net Profit Surges 2.5% at Rs.1780cr
India's second largest IT services exporter Infosys Technologies Limited. has announced its Q3 results today, reporting consolidated net profit at Rs.1,780 crore and sales revenues at Rs.7,106 crore, growth of 2.48% & 2.29% resp. on quarter-on-quarter (QoQ) basis. However these numbers were below market's expectations. Our view on Infosys stock: After a lot of expectation from infosys result ... [Continue Reading]
Nifty Futures Support Resistance Level For 13 January 2011
Nifty futures was trading with consolidation moves for last 2 sessions after 6 days of correction. But nifty finally closing above 5800 mark yesterday is a good sign. So we can conclude that a consolidation period will continue for few session before a bounce back to 5950 levels. So as long as nifty is trading above 5744 level we see limited downside with upside potential target of 5950 level. So ... [Continue Reading]
Gold (Spot) Trading Analysis for 12 January 2011, Buy Above 1376
Gold spot intraday trading for 12 January 2011, Gold intraday trading tips, Long (Buy) positions in Gold above 1376 with targets as 1384 and 1390. Stop loss should be placed around 1370 level. Why to go Long on Gold : Gold was trading flat due to volatile moves in US dollar, but gold has broken the bearish channel upper boundary on 30 min chart due to demand. So we are now bullish for ... [Continue Reading]
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