Gold is considered as safe heaven asset in the time of uncertainty, but decline that we have seen last week was just because of strength in US Dollar. We believe that USD will see more strength in the coming week. As in the bad times (recession) we always see major strength in USD. So this weakness in Gold was mainly due to strong US Dollar, the near term strength should be reason for weakness in ... [Continue Reading]
Nifty Futures Closed Below Strong Support of 4800 level, What is Next Week Strategy for September Series, Downside Risk has Increased Trade Nifty Options
Nifty futures making the series of lower lows and lower highs suggesting us the down trend for next week, we have seen a very weak closing below 4800 in Friday. So our strategy for next week will be keep adding short positions in nifty futures till it trades below 4960 level on closing basis for targets as 4650 and 4580 levels in next week. On Monday we may see some bounce as US markets were up by ... [Continue Reading]
Nifty Futures Rallies on Short Covering, Nifty Trading Positive, Trading Advice sell Nifty Future on Bounce
Markets has seen smart pullback as yesterday the US markets were trading higher by more than 4% especially the Dow Jones index. So this pull back rally was seen across the global markets, almost all the Asian markets were trading in green. But our short term strategy will be to look for selling opportunities on every pull back as the nifty futures is trading below the 5230 level. Nifty has broken ... [Continue Reading]
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