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Forex

US Dollar Index is going to consolidate between support-96.50 and resistance-99.50 during next few days.  That gives us an indication of choppy trading condition ahead.  We will be looking to fade any sharp moves between these levels. Reasons are, Fed is still looking to...

US Dollar Index Outlook – 3/31/2015

US Dollar Index is going to consolidate between support-96.50 and resistance-99.50 during next few days.  That gives us an indication of choppy trading condition ahead.  We will be looking to fade any sharp moves between these levels. Reasons are, Fed is still looking to...

Stock market Buy Sell

TCS tried to stage a strong rally from 2400 but couldn’t break 2800 on topside and now it ominous signs of double top are looming.  If overall market weakness persist then it can drop to significantly very quickly. Strategy is to stay short TCS...

TCS – Doubletop formation is bearish – 2/25/2015

TCS tried to stage a strong rally from 2400 but couldn’t break 2800 on topside and now it ominous signs of double top are looming.  If overall market weakness persist then it can drop to significantly very quickly. Strategy is to stay short TCS...

NIFTY downtrend is getting more entranced.  Yearlong strong uptrend is now on the verge of faltering or at least at the point where it is prone to consolidation. Strong buying interest won’t emerge until 8200 so selling rallies is the preferred mode of trading...

NIFTY – Downtrend Intact – 2/25/2015

NIFTY downtrend is getting more entranced.  Yearlong strong uptrend is now on the verge of faltering or at least at the point where it is prone to consolidation. Strong buying interest won’t emerge until 8200 so selling rallies is the preferred mode of trading...

Silver can remain range bound for sometime between 15 and 20. Until the Fed rate hike picture becomes clear, it will ping-pong between these boundaries. First line of resistance comes in around 17.50, followed by better resistance near 18.80. We will be patient until...

Silver Short Trade Idea – 3/25/2015

Silver can remain range bound for sometime between 15 and 20. Until the Fed rate hike picture becomes clear, it will ping-pong between these boundaries. First line of resistance comes in around 17.50, followed by better resistance near 18.80. We will be patient until...

Forex

One of the most popular trade from last year is feeling the heat from strong ( or little stabilized ) Eur after FOMC. EURGBP started steep downfall of 400 pips from 0.7400 and now it is quickly approaching that zone again. Whether it is...

EUR/GBP Short Trade Idea for 3/25/2015

One of the most popular trade from last year is feeling the heat from strong ( or little stabilized ) Eur after FOMC. EURGBP started steep downfall of 400 pips from 0.7400 and now it is quickly approaching that zone again. Whether it is...

Several hundred pips in either direction after FOMC has rattled the currency markets.  There is no point in going all in even with the established trends like EUR/USD at the moment.  Even with the bearish bias we will be careful to pick the fight...

EUR/USD Trade Idea for 3/23/2015

Several hundred pips in either direction after FOMC has rattled the currency markets.  There is no point in going all in even with the established trends like EUR/USD at the moment.  Even with the bearish bias we will be careful to pick the fight...

Now Fed is data dependent means Gold is also data dependent.  Dovish ( or noncommittal !! ) Fed has brought some life back into the Gold. It was obvious that ‘clarity’ on rate rise would have sent gold tumbling towards 1100 or even lower...

New Range in Gold Trading – 3/23/2015

Now Fed is data dependent means Gold is also data dependent.  Dovish ( or noncommittal !! ) Fed has brought some life back into the Gold. It was obvious that ‘clarity’ on rate rise would have sent gold tumbling towards 1100 or even lower...

After consolidating between 3000 and 3500 for almost a year, NIFTYMIDCAP tried to stage a minor rally but failed near 3600. Now that little uptrend within a consolidation is on the verge of failing.  First support comes in near 3200 and if that gives...

Trading NIFTYMIDCAP – Technical Analysis – 3/23/2015

After consolidating between 3000 and 3500 for almost a year, NIFTYMIDCAP tried to stage a minor rally but failed near 3600. Now that little uptrend within a consolidation is on the verge of failing.  First support comes in near 3200 and if that gives...

Stock market Buy Sell

With falling oil prices and other troubles it’s coping with, technical picture of Reliance Industries is getting gloomier. Reliance is threatening to break the 2 yrs old trend line and looks like further fall is inevitable. Many will be waiting for Rs 800 as...

Reliance Industries Trade Idea for 3/20/2015

With falling oil prices and other troubles it’s coping with, technical picture of Reliance Industries is getting gloomier. Reliance is threatening to break the 2 yrs old trend line and looks like further fall is inevitable. Many will be waiting for Rs 800 as...

BankNIFTY has slightly broken the support line and now quickly approaching 18400, which is first line of support. We advice caution relying on this weak support too much because it can quickly give up and price can easily gravitate towards 18000. We have mentioned...

BankNIFTY Trade Idea for 3/20/2015

BankNIFTY has slightly broken the support line and now quickly approaching 18400, which is first line of support. We advice caution relying on this weak support too much because it can quickly give up and price can easily gravitate towards 18000. We have mentioned...