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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...

crude oil pump

Nothing has changed for the crude oil since we last updated our outlook and highlighted the trading strategy. ( you can check that out here ).  We will be following similar path here. Rinse and repeat – sell near the resistance of 50 and...

WTI Crude Oil Trade Idea for 3/13/2015

Nothing has changed for the crude oil since we last updated our outlook and highlighted the trading strategy. ( you can check that out here ).  We will be following similar path here. Rinse and repeat – sell near the resistance of 50 and...

When fundamentals, sentiment and technicals, all pointing to the same direction, it becomes easy to trade. No surprise in guessing the pair as it’s quickly approaching to the parity ( and may be beyond ). EUR/USD can have bouts of enthusiasm as we got...

EUR/USD Short Trade Idea for 3/13/2015

When fundamentals, sentiment and technicals, all pointing to the same direction, it becomes easy to trade. No surprise in guessing the pair as it’s quickly approaching to the parity ( and may be beyond ). EUR/USD can have bouts of enthusiasm as we got...

NIFTY is in free fall after another RBI rate cut. When something reacts so negatively to the positive news is the sign of worry indeed. Thus the downward pressure is expected to remain intact. NIFTY has broken the upward trend-line on 3hr charts and...

NIFTY Trade Idea for 3/11/2015

NIFTY is in free fall after another RBI rate cut. When something reacts so negatively to the positive news is the sign of worry indeed. Thus the downward pressure is expected to remain intact. NIFTY has broken the upward trend-line on 3hr charts and...

ICICI Bank is quickly approaching the support near 318.  We would like to take a long at this level ( ~320) expecting a bounce from old support.  

ICICI Bank Trade Idea for 3/10/2015

ICICI Bank is quickly approaching the support near 318.  We would like to take a long at this level ( ~320) expecting a bounce from old support.