The strength in USD was responsible for huge selling in Gold, as the dollar index was seen above 77 level today. So not only Gold but also Silver and Crude were hit by this USD strength. We see that Gold is trading near its strong support zone of 1694 level so traders can accumulate gold at this level for short term targets as 1746 and then 1777 levels. Demand for this yellow metal is still ... [Continue Reading]
Nifty Options Stratregy for November Series, Buy Nifty 4900 Put and Nifty 5300 Call
The Europe is facing a tough time now, the meeting between the finance ministers of European region is to be held on Wednesday. This meeting will be based on the fact how to address the debt of Greek economy as well as increasing funding limit of EFSF to 2 trillion EURO from its current 440 Billion Euros. So after the outcome of this meeting we will be seeing huge extraordinary movement on stock ... [Continue Reading]
Stock Option Trading: Buy DLF 220 Put Option at 4.15 for Target 9.5, Stock has Resistance at 244.
DLF has bounced off after touching 179 level recently, but this bounce is limited up to its next strong resistance at 244 level, So short positions can be initiated in <a href="https://ournifty.com/dlf-stock-for-intraday-trading-today-sell-dlf-near-186-for-target-181-technical-analysis-suggest-short-dlf.html" title="DLF Stock for Intraday Trading Today: Sell DLF Near 186 for ... [Continue Reading]
Consolidation Expected in Nifty Futures Next week, Range Trading Strategy for October Series, Markets are still in Downtrend
Nifty futures had tested its previous bottom of 4720 level but this time the markets were unable to break below that level and just after touching 4725 level we have seen a bounce back towards 4900 level. Even global markets were looking supportive last week, as there were lots of positive surprises coming from European Central Bank (ECB) and US Unemployment data that was released last Friday. ECB ... [Continue Reading]
Stock Option Trading: Buy CHAMBLFERT 100 Call Option at 1.6 for Target 4.5, Technical Support at 90.
Chambal Fertilizer stock was seen on a strong up trend from July 2011, Selling pressure that we have seen recently in this stock was just due to profit booking and there is no reason at all to go short on this stock. Using technical analysis we see, this stock has a very good support at 89 level(Previous resistance for April 2011 which is now support level), also the 89 level on the chart is 61.8% ... [Continue Reading]
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