Friday, 19 September 2014

Update on Gold, Silver, Copper, Nickel, Crude oil and Natural Gas









Gold




Told to sell Gold around 26950 with stop loss of 27150. Made a low of 26510

Now what to expect???

Watch 26450---26300 level closely on weekly basis.. Three consecutive closes below 26300 will see further panic in days to come

Those are holding short can revise stop loss of 26750 for Intraday



Silver



Told to sell Silver on rise.. Made a low of 40600. Holding short from 41500 mark

Now what to expect???

Support at 40600 and Resistance at 41200

Three consecutive closes + weekly close below 40600 will take to 39700---39300 mark in days to come

Else will expect dead cat bounce from lower levels

Trade with levels only




Copper



Told to sell Copper around 427 with stop loss of 432. Made a low of 419.55

Now what to expect???

Below 419.50... will see further panic till 417---414 mark. 414 act as major support for this week

Three consecutive closes below 414 will take to ???

Trade with levels only





Nickel




Crashed from 1145----1083. Too recommended fresh selling below 1111 mark

Now what to expect???

Two consecutive closes below 1083 will see further panic till 1074--1067 and then to 1055 mark in days to come

Revise stop loss of 1105




Crude oil



Our sell Call in Crude oil proven great and made a low of 5614 mark. Our target was 5670---5630. Recommended selling at 5780 mark on ET NOW

Now what to expect???

Support at 5570---5530 act as support and resistance at 5690---5730

Above 5640... it could test its hurdle else it could test its support again

Trade with levels only.. Anything seems will update




Natural Gas



Told to sell Natural Gas around 243 with stop loss of 247. Just made a low of 236

Now what to expect???

Close below 235 will see further panic till 232---230 mark

Three consecutive closes + weekly close below 230 will see free fall in Natural Gas in days to come

Trade with levels only as hurdle intact at 247



Hope you all enjoyed Panic in Lead... Zinc... and Aluminium. Just trade with levels only

Any reversal seems will update via SMS






































More will update soon...

Currency Outlook - Sotland votes against Independence may bring correction in USDINR,the first results are expected to be announced today..


USDINR

After 25 paisa positive opening at 61.31 levels, USDINR saw a pull down towards 60.93 levels. The two days price movement is showing a Bearish Engulfing pattern which is indicating for more bearishness in USDINR.  Near term support is at 60.75 levels and a break below it could result in further bearish trend towards 60.50-60.37 levels.

Sell strategy given with stop loss of 61.38 was successful yesterday with USDINR dropped towards 60.93 from 61.25 levels.

EURINR

Sell strategy given since Monday was successful with EURINR as it dropped towards 78.4950 levels.  Today, EURINR may extend its negative to volatile move following to borrow less than expected from ECB. A black opening Marobozu candle stick formations on EOD chart is yet indicating for continuation of recent bearish trend.
Hence, traders may sell EURINR at 78.70-78.75 stop loss 78.90  target 78.50-78.35

GBPINR

GBPINR remained volatile for second consecutive day and traded in between 99.50-99.80 levels.. The first results of Scottish referendum are expected to be announced on Friday which appeared to bring volatility in GBPINR. Risky traders may buy GBPINR around 99.50-99.45 with stop loss of 99.35 for target of 99.90-100.30. A break below 99.30 levels will however, expect to take correction towards 99.00-98.50 levels

 JPYINR

JPYINR was the star performer against the three other currency pair, as sell strategy given since Monday from 57.23 was successful, with pair drop towards today low 55.71 .

Traders may sell JPYINR around 55.80-55.85 for target of 55.50-55.20 and stop loss of 56.00









More will update soon.. 

Thought for the day










Thursday, 18 September 2014

Currency Outlook - Targeted LTRO of Euro zone and Scottish Independence Vote will be the key factors for FX market today...




USDINR

Yesterday, USDINR consolidated at 61.10 levels and settled at 61.05. Today, USDINR opened at 61.31 just near to target of 61.32 as per the carry forwarded buy call. Now a break above 61.40 could  bring next bullish move towards 61.65 and above, else pair may show consolidation at 61.10-61.30 levels.
Near term support is at 61.00 levels a break below could result in bearish trend towards 60.88-60.70 levels.

EURINR

Today, EURINR may show negative to volatile move following to Targeted LTRO With the TLTRO liquidity scheme that starts  from today, an asset-purchase plan targeted at easing access to credit next month, and the potentially cathartic end to a year-long bank health review coming before November, Draghi’s ECB is increasing the intensity of its economic support. Political leaders are beginning to follow suit.

Hence, traders may sell EURINR at 78.85-78.90 stop loss 79.10 target 78.50-78.25

GBPINR

GBPINR witnessed a zig zag move yesterday and after hitting a high of 99.88, pair settled at 99.61. Today, Retail Sales m/m and outcome of Scottish referendum is appeared to bring volatility in GBPINR.

Risky traders may Sell GBPINR on rise till 99.90 with stop loss of 100.00 for target of 99.50-99.00.
A break above 100.00 will expect to extend positive towards 100.50-100.80.

Scotland’s independence referendum today will decide the near term trend for GBPINR.

Possible Impact – Majority of  Scotland independence may bring bearish move for GBPINR as uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on have rattled financial markets.


JPYINR

JPYINR was the star performer against the three other currency pair as Sell strategy given around 57.15-57.10 hit target of 56.80 and trading at 56.35. Now will expect to test 56.25-56.00.

Japan logged a 948.5 billion yen ($8.7 billion) trade deficit in August, the 26th straight month of red ink, as slack demand from China and the U.S. stymied exports, the Finance Ministry said Thursday.












More will Update soon....



Thought for the day










Wednesday, 17 September 2014

Update on Bullion, Base Metal and Energy








Yesterday... Base metal spurts from lower level on China stimulus plans, ahead of key Fed meeting. Stop loss triggered in our sell call of Lead and Zinc





Now what to expect???






Gold



Support at 26900 and Resistance at 27150

Decisive break and sustain above 27150 will take to 27300---27400 level else it could test its support again

Close below 26900 will take to 26600---26350 mark

Trade with levels only




Silver



Support at 41200 and Resistance at 41800---42200

Below 41200 will take to 40700 and then to 40300---39700 mark in days to come else it could test its resistance again

Fresh buying can initiate only close above 42200 mark




Copper



Support at 426---423 and Resistance at 435

Two consecutive closes above 435 will take to 441---444+ mark in days to come else it could test its support again

Further panic seen only close below 423 mark

Looks choppy and has no clear direction... Upper side target seems limited. So trade in a range with levels only and wait for conformation





Nickel




Below 1111... our target was 1091---1083. Made a low of 1085.50 and bounced back

Now what to expect???

Support at 1083 and Resistance at 1118

Decisive break and sustain above 1118 will take to 1127---1133 and then to 1145 mark else it could test its support again

Fresh selling can initiate only close below 1183 mark

Trade with levels only


Crude oil



Stop loss triggered in our yesterday's sell call... Our hurdle and stop loss was 5730. Above 5730... our target was 5790---5840. Made a high of 5800 mark

Now what to expect???

Support at 5730---5650 and Resistance at 5830---5880

Above 5805... will see rally till 5830---5880 mark. Fresh selling can initiate only close below 5650 mark

Traders can buy Crude oil in panic around 5730 with stop loss of 5650 on closing basis for the upside target of 5830---5880

5930 act as major hurdle for Crude oil



Natural Gas


Support at 240 and Resistance at 247

Two consecutive closes below 240 will take to 233---228 mark in days to come else it could test its resistance level of 247 again

Fresh buying can initiate only close above 247 mark

Three consecutive closes + weekly close above 247 will see fire in Crude oil till ???

Trade with levels only



Zinc


Support at 137.00 and Resistance at 142.00

Will expect range bound trading for next 1-2 trading sessions. For Intraday... Nimble traders can buy Zinc around 138.00 with stop loss of 136.80

Others can trade in a range with strict stop loss and wait for conformation


Lead


Support at 127.80 and Resistance at 132.00

Will expect range bound trading for next 1-2 trading sessions. For Intraday... Nimble traders can buy Lead around 128.50 with stop loss of 127.80

Others can trade in a range with strict stop loss and wait for conformation




Aluminium




Made a low of  120.15 and bounced back to 122.55

Now what to expect???

Support at 120.00 and Resistance at 124.00

Will expect range bound trading for next 1-2 trading sessions. For Intraday... Nimble traders can buy Aluminium around 121.00 with stop loss of 120.00







































More will update soon...

Currency Outlook - USD/INR opens down on Chinese Central Bank stimulus measures




USDINR

USDINR may show 61.35-61.40 levels on upside with volatile trade ahead of US Federal Reserve Open Market Committee monetary policy meet.  Near term support is at 61.10 levels a break below could result in bearish trend towards 60.88-60.70 levels.

The US FOMC will conclude its monetary policy today by announcing its decision on interest rates while tapering another $10 billion worth asset purchases to $15 billion.

Fed chair Janet Yellen will also address the media post the monetary policy meet where the Central Bank is expected to set the trajectory for a change in interest rates.

People's Bank of China provided 100 billion yuan each through standing lending facilities for a tenor of three months top infuse liquidity and support growth after a series of weak economic data including inflation and manufacturing signaled weak growth in the World's second largest economy.

The Central Bank also provided 500 billion yuan to five of the largest banks.

EURINR

Sell strategy given around 79.25 levels tested 79.13 the first target was 79.00 levels. Today, EURINR may show negative volatile move following to U.S. FOMC meeting. High wave candle stick formations on EOD chart also indicating indecisive trend.
Hence, traders may sell EURINR at 79.20-25 stop loss 79.45 target 79.00 -78.80.

GBPINR

GBPINR gave a 20 paisa negative opening at 99.34 and settled down by 0.55% at 99.08. Today, MPC Asset Purchase Facility & Bank Rate Votes is appeared to bring volatility in GBPINR. 

Risky traders may Sell GBPINR below 98.98 with stop loss of 99.16 for target of 98.75-98.60.

JPYINR

Sell strategy given around 57.15-57.10 is yet to achieve first target of 56.80, yesterday after hitting a low of 56.86 JPYINR saw a pullback towards 57.32. 

Near term resistance is seen at 57.35 levels and break above it could offer upside level of 57.50 levels in short terms else traders may sell around 57.25-57.20 levels for target of 56.80 levels and stop loss of 57.35 levels.









More will Update soon... 




Thought for the day







Tuesday, 16 September 2014

Update on CPO, Soyabean, Soyaref, Chana and Rmseed








Our carryover buy call in Soyabean... Soyaref... Chana and CPO proven great....





Have a look on it!!






CPO





Told to buy CPO around 453. Spurts and made a high of 459.80. Our hurdle and target was 460

Now what to expect???

hree consecutive closes + weekly close above 460 will see nonstop rally till 480--490+ mark in days to come

Already booked part profit... Revise stop loss of 450





Soyabean





Too recommended buying around 3220---3200 mark. Just made a high of 3290

Now what to expect???

Support at 3200 and Resistance at 3310

 Three consecutive closes + weekly close above 3310 will take to 3450+ mark in days to come

In panic will buy... Revise stop loss of 3200 on closing basis




Soyaref




Told to buy Soyaref around 587. Just made a high of 598

Now what to expect???


Still looks positive and could test its resistance level of 600---604. Further upside rally seen only close above 604 mark

Already booked part profit.. Revise stop loss at cost to cost




Chana





Too told to buy Chana around 2790 with stop loss of 2750. Just made a high of 2858

Now what to expect???


Trend still looks positive and in panic will buy with SL of 2780





Rmseed




Yesterday... we recommended buying in Rmseed around 3600 with stop loss of 3550. Just made a high of 3634

Now what to expect???


Support at 3550 and Resistance at 3640


Two consecutive closes above 3640 will see nonstop rally till 3700---3760+ mark in days to come

Fresh selling can initiate only close below 3550 level

Trade with levels only











































More will update soon...