Nifty weekly levels 30 may 2016

Nifty great bounce above wall level of 7950 went till 8200 omg

Now what to do??

Those who are holding longs keep tsl at 8130 and 8075.

Those who are having zero position please you can take risk of selling nifty fut 8210 to 8220 keep sl of 8231 in spot nifty as above that only rally may continue else some profit booking on the way.

Above 8231 8235 sustain then maximum mkt can kiss 8510 will not cross 8660 at any cost.


All the levels  for education purpose take care.



WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

Weekly spot nifty update 16th may 2016

Confused in nifty????
Let me try to help you out

Nifty can go till 8510 and 8660 break below 7490 will be the confirmation of recent high was a top. 

What to do in week starting from 16th may???

Last week we suggest buy those who holding buy modify sl at 7760.

Those who didnt bought can buy on cross above 7850 with sl of 7760 on 16th or 17th may

Break below 7760 it can kiss 7675 and 7650 

So we can find range between 7650 to 7990

Cross above 8010 will take nifty towards 8501

Break below 7675 and 7650 more panic can come if any shorting opportunity that time will let you know


WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!

Nifty spot weekly

Big range

If dont break 7490 and cross 8010 then we are hedhing towards 8500

Short range
Above 7782 we are heading towards 7900 and 8000
Only break below 7635 we can see 7400 levels.

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

PRECIOUS METAL’s TECHNICAL TREND AND OUTLOOK

PRECIOUS METAL’s TECHNICAL TREND AND OUTLOOK



GOLD - Key technical indicators and forecasts



Gold prices remained steady last week ending up by

0.4% at $1294 at Comex and 30366 at MCX.

Technically, prices formed a doji candlestick on

weekly charts indicating that some consolidation

may take place this week. Prices are having key

resistance at $1310 this week and support at $1265.

Prices need to sustain above $1310 for entering into

new rally towards $1350-$1370. At MCX key

resistance is at 30500 for this week and break above

this level may lead to further rally towards 30800-

31000. Overall trend is looking bullish and prices

need to break above previous week high for

sustaining the rally this week.



On indicators:

14-week RSI is at 66 and slope is down indicating

some downside correction may take place. MACD

indicator is trading in positive territory and

suggesting uptrend. Indicators are indicating

sideways to up trend.



Outlook: The overall trend looks up on weekly

charts for this week with key support at $1265 at

Comex and 29600 at MCX. Buy on dips remain a

broad strategy for this week.



Silver- Key technical indicators and forecasts

Silver futures ended lower last week after

witnessing sharp gains since past four weeks.

Comex silver ended down by 1.4% at $17.52

while MCX silver ended down at 41731.

Technically, prices may show some consolidation

before moving up, as overall trend is expected to

be bullish till they hold above the support at

40200. Key resistance is at 42500 this week at

MCX and $18.00 at Comex. Support is at 40200

at MCX and $17 at Comex. At Comex prices

should sustain above $18 for further rally

towards $18.50. While at MCX prices should

sustain above 42500 for taking it higher towards

43000-43500.



On indicators: 14-week RSI slope is down at 63

suggesting consolidation while MACD indicator is

in positive territory suggesting upside move.



Outlook:

For the week ahead prices may show range

bound movement in the range of 40800-41800.

Break above 42000 is important for further rally.

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

Nifty view

Nifty may june levels

Range will be 7730 to 8010

Break below 7730 without crossing 8010 will take market towards 7401

Or cross above 8010 without breaking 7730 take market towards 8500


What EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!