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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...

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...