Today nifty future has been weakening but we see a support level do exist near 5827 level, so our initial strategy for today is to sell nifty futures near 5990 level for intraday targets of 5827 and 5778. Nifty is trading below 5933 level we are going to see bears active and nifty must move to its next support of 5827. The trend will be negative today following the European markets. Nifty Future ... [Continue Reading]
Nifty Futures Support Resistance Level For 8-December 2010
Today nifty future has been weakening but we see a support level do exist near 5930 level, so our initial strategy for today is to buy nifty futures near 5935 level for intraday targets of 5972 and 5986. If nifty dont sustain above 5925 level then we are going to see bears active and markets will move to its next support of 5828. The trend will be mixed today following the european markets. Nifty ... [Continue Reading]
Intraday Trading Analysis on EUR/USD: Sell EUR/USD Below 1.3395
Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3395 for target of 1.3345 and 1.3295 keep stoploss above 1.3415. Why to go Short: This pair has been trading strong for last few days, but daily indicators seem to loose the upward momentum, so we believe that it can approach its support level. Hence should be bearish for today (7 December 2010). ... [Continue Reading]
Gold (Spot) Trading Tips for 7 December 2010, Buy above 1411
Gold trading for 7 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1411 with targets as 1427 and 1436. Stoploss should be placed around 1401 level. Why to go Long: Gold is trading strongly in bullish channel. We are extreamly bullish after the bearkout of 1401 level. Trend for the short term is Consolidation and for medium term its still bullish. ... [Continue Reading]
Intraday Trading Analysis on EUR-USD: Sell EUR/USD Below 1.3305
Our intraday trading analysis on EUR/USD, we recommend Short (Sell) EUR/USD Below 1.3305 for target of 1.3225 and 1.3195 keep stoploss above 1.3315. Why to go Short: This pair has been weakening continuously and is now trading below its resistance area and is more likely to weaken further. We see it to approach its intraday support level. So trend should be bearish today (6 December 2010). ... [Continue Reading]
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