Blog

NIFTY has bounced violently yesterday.  Whether it is end of recent downward momentum or just an usual vicious bounce happens to occur during most down-trends. Well, the answer is less clear at the moment but what we can do is, trade cautiously level by...

NIFTY Bounce – For Buying or Selling ? – 3/31/2015

NIFTY has bounced violently yesterday.  Whether it is end of recent downward momentum or just an usual vicious bounce happens to occur during most down-trends. Well, the answer is less clear at the moment but what we can do is, trade cautiously level by...

crude oil pump

Yemen conflict gave us an excellent example of fading the news.  Both Gold and Crude shot up when news broke and now back where they started. When fundamental evidence is overwhelmingly against the price action, one needs to stick with the plan. As per...

WTI Crude Oil – Stay Short – 3/31/2015

Yemen conflict gave us an excellent example of fading the news.  Both Gold and Crude shot up when news broke and now back where they started. When fundamental evidence is overwhelmingly against the price action, one needs to stick with the plan. As per...

Pound Note

EUR/GBP staged a decent bounce from extreme lows of 0.7040 but failed at first resistance near 0.7400. ( We recommended shorting any bounce towards 0.7400 in previous trade idea ). Now fortunes of both currencies are undecided at the moment, EUR/GBP offers excellent opportunity...

EUR/GBP – Resistance of 0.7400 Still Strong

EUR/GBP staged a decent bounce from extreme lows of 0.7040 but failed at first resistance near 0.7400. ( We recommended shorting any bounce towards 0.7400 in previous trade idea ). Now fortunes of both currencies are undecided at the moment, EUR/GBP offers excellent opportunity...

FOMC induced bounce was short lived and gold has again selected downward path. Sharp downfall is stabilizing near 50% Fib retracement level ( 1180 ) and likely to stage a bounce. We will be looking to sell such bounce near 1200 and 1220. The...

Gold Trade Idea For 3/31/2015

FOMC induced bounce was short lived and gold has again selected downward path. Sharp downfall is stabilizing near 50% Fib retracement level ( 1180 ) and likely to stage a bounce. We will be looking to sell such bounce near 1200 and 1220. The...

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...