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FOMC left everyone guessing about the next move. Still the bias is toward rate hike by end of the year. That leaves NIFTY is precarious place because from here it has more downside potential than retaining upward trajectory.  Well we don’t know the future...

NIFTY Trade Idea for 3/20/2015

FOMC left everyone guessing about the next move. Still the bias is toward rate hike by end of the year. That leaves NIFTY is precarious place because from here it has more downside potential than retaining upward trajectory.  Well we don’t know the future...

Stock market Buy Sell

Even after yesterday’s volatility nothing much has changed for NIFTY outlook.  Professionals will offload during any major bounce today as the big event looms tonight ( FOMC meeting at 2 PM EST ).  Tomorrows price action is kinda coin toss because events tonight can...

NIFTY Trading Idea for 3/18/2015

Even after yesterday’s volatility nothing much has changed for NIFTY outlook.  Professionals will offload during any major bounce today as the big event looms tonight ( FOMC meeting at 2 PM EST ).  Tomorrows price action is kinda coin toss because events tonight can...

USDJPY may remain comatose until FOMC but if it comes down towards 120.50 / 120 then it can provide good few pips from long side. Initially we are looking to get long near the support – 120.60.    

USD/JPY Long Trade Idea for 3/17/2015

USDJPY may remain comatose until FOMC but if it comes down towards 120.50 / 120 then it can provide good few pips from long side. Initially we are looking to get long near the support – 120.60.    

Traders will be wary to take big positions until FOMC is out of the way ( Wednesday, March 18, 2 PM EST ) . We will be looking for the opportunity to fade any extreme price until FOMC. Selling near 1165 / 1170 and...

GOLD Trading Range Until FOMC

Traders will be wary to take big positions until FOMC is out of the way ( Wednesday, March 18, 2 PM EST ) . We will be looking for the opportunity to fade any extreme price until FOMC. Selling near 1165 / 1170 and...

After the dip of almost 500 points ( from 9100 to 8600), NIFTY is showing some pulse at the moment staging a lackluster bounce. Real test is again at the resistance above 8800 if it can manage to get there. Region of resistance between...

NIFTY Trade Idea for 3/17/2015

After the dip of almost 500 points ( from 9100 to 8600), NIFTY is showing some pulse at the moment staging a lackluster bounce. Real test is again at the resistance above 8800 if it can manage to get there. Region of resistance between...

So far Indian Rupee (INR) has avoided the Asian currency rout experienced by other countries. India is fortunate to have booming stock market and relatively stable currency.  There are no sign of wheels coming off yet but still it pays to be cautious. USD/INR...

USD/INR Trading Range – 3/16/2015

So far Indian Rupee (INR) has avoided the Asian currency rout experienced by other countries. India is fortunate to have booming stock market and relatively stable currency.  There are no sign of wheels coming off yet but still it pays to be cautious. USD/INR...

crude oil pump

Glut of supply is not letting the crude rebound. Until that changes, strategy remains the same, i.e. Short the bounce. Next psychological target is $40. But have to be careful about the volatility and we would be patient to enter further shorts since it...

Crude Oil Trade Idea for 3/16/2015

Glut of supply is not letting the crude rebound. Until that changes, strategy remains the same, i.e. Short the bounce. Next psychological target is $40. But have to be careful about the volatility and we would be patient to enter further shorts since it...

Forex

Canadian Dollar’s fortune is tied to the Oil price and if oil puts to manage any sort of rebound today then USDCAD will most likely suffer a minor setback. In that case, we will be looking to get long near 1.2700. Better support comes...

USDCAD Long Trade Idea for 3/16/2015

Canadian Dollar’s fortune is tied to the Oil price and if oil puts to manage any sort of rebound today then USDCAD will most likely suffer a minor setback. In that case, we will be looking to get long near 1.2700. Better support comes...

If 18500 gives away then BankNIFTY is on the verge of free fall towards 17000.  Of course it’s not happening tomorrow but this is something to keep an eye on before getting long any bank stocks considering it cheap. NIFTY is highly correlated to...

BankNIFTY On the Cusp of Breakdown !

If 18500 gives away then BankNIFTY is on the verge of free fall towards 17000.  Of course it’s not happening tomorrow but this is something to keep an eye on before getting long any bank stocks considering it cheap. NIFTY is highly correlated to...

Again nothing fancy here. Trend is downward and we are just looking to get better entry again. Nearby resistance is around 1170. Looking to short gold near 1170 for quick trade.  Usual precautions apply and need to be nimble to take quick profits on...

Gold Short Set up for today – 3/13/2015

Again nothing fancy here. Trend is downward and we are just looking to get better entry again. Nearby resistance is around 1170. Looking to short gold near 1170 for quick trade.  Usual precautions apply and need to be nimble to take quick profits on...