Gold spot intraday trading for 23 December 2010, Gold intraday trading tips, Short (Sell) positions in Gold below 1386 with targets as 1377 and 1371. Stoploss should be placed around 1392 level. Why to go Short: Gold is trading weak today also the price is capped by the declining trend line and facing strong resistance near 1389 levels, showing consolidation and hence should trade low to its new ... [Continue Reading]
Nifty Futures Support Resistance Level For 22 December 2010
Nifty futures has been following the global cues from strong asian markets. We see a resistance level do exist near 6043 level, so our initial strategy for today is to wait for breakout in nifty futures above 6047 level for intraday targets of 6082 and 6096. Nifty is trading firmly above 6000 level we are going to see bulls active, but strong resistance at 6043 level may keep markets in short ... [Continue Reading]
Gold (Spot) Trading Analysis for 21 December 2010, Sell below 1390
Gold spot intraday trading for 21 December 2010, Gold intraday trading tips, Short (Sell) positions in Gold below 1390 with targets as 1379 and 1372. Stoploss should be placed around 1395 level. Why to go Short: Gold is trading weak today also the price is capped by the declining trend line, showing consolidation and hence should trade low to its new support near 1379 level today. It has also ... [Continue Reading]
Forex: Day Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3195
Our intraday trading analysis on EUR/USD for 21 Dec 2010, we recommend Short (Sell) EUR/USD Below 1.3195 for target of 1.3135 and 1.3095 keep stoploss above 1.3225. Why to go Short: This pair has been trading with huge volatility for last week, but now we can see it again trending downward. So we expect the pair should further weaken to test its new support level (1.3135) on intraday basis ... [Continue Reading]
Intraday Stock: BUY AMTEKAUTO At 142, Target 145.4
Stock for intraday trading: BUY AMTEKAUTO @ 142 for target: 145.4 and 146.6, place protective stoploss at 140.6. We see good buying support in this counter and likely to be bullish today. ... [Continue Reading]
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