Nifty Major Trend Reversal Point

Nifty (Spot) Major Level 5973.81, if it breaks then 5785.24 / 5700.95 and 5252.40...........................

Bank Nifty Major Trend Reversal Point

Bank Nifty (Spot) Major Level 10592.50 and trade below then targets 9894.65 / 9582.75 and ultimate target 7691.91.

Worst case 7187.06.............................................................................................................................

Bank Nifty

Bank Nifty long term trend support broken intraday today 11214.70.....again closed above 11214.70........

Message is Bank Nifty is "weak" as such......................................................................................

Nifty

Nifty trend reversal point 6189.91 not tested today.    

Nifty trading should be very careful, don't try anything assumption....................

Any unwanted trade in Index on assumption will be disaster........

Ranbaxy

Ranbaxy almost nearing to intermediate target of 485.05 and ultimate intermediate target of 491.70.

As we told earlier on 21st Dec.....Ranbaxy only Buy..........................again on dip in the appropriate leve......

YEAR 2014

Wishing all Happy and Healthy New Year 2014.  

Let us move together as a team again this year to achieve our common goal.  

Let us believe what we have within us.

Let us be positive towards our thoughts.

Let us be constructive.

All the best.

Sigma View on Crude Oil

Crude Oil Uptrend is intact, Buy on dip strategy,  use our Chart for buy and sell.

No sell and Buy...............................................................................................

Sigma View on Natural Gas

Natural Gas before any upmove, correction is expected, so, use deep correction near 4.03 / 3.83 is buying opportunity.

Or else, should break 4.451 (closing basis) for "Breakout Buy".

Sigma view of Nifty Trend Lines

Sigma view of Nifty Trend Line pattern....................................................

Nifty / Bank Nifty / SBIN

Bank Nifty and Nifty reversal point (for further uptrend) levels posted in www.niftymetals.com - Technical Level column.

Use login and study....................................

New Ideas and New Concepts in 2014

In last 3 years, so many new strategies has been tested and finally we are using some methods till today.

As a goodwill gesture, I (niftymetals) am planning to put everything in one place and take trade without any additional default indicators.

"ALL EXISTING FORMULAS WILL BE SCRAPPED AND START WITH NEW CONCEPTS"

Salient Future of 2014 - Modification - Only Three Concepts


Intraday 

Main trend and Intermediate Trend criteria will be included in "Intraday" concept to avoid frequent trades.



Intermediate Trend


Main trend criteria will be included in "Intermediate Trend" to avoid taking trade in against Main Trend.



Main Trend


Positional Trade system will guide the top level reversal and bottom level reversal to take positional trade




Already some charts are posted based on this concepts here, still modifications underway to fix the formula.

Mid January we will implement it to all.

Gold Immediate Downside Target

From 1434 level uptrend halted again down trend confirms in the upper trend line not able to break 1347 level............................................................

Still not able to cross the trend line last 3 months.......................short is continuing...................................

Hope hold may hold 1160 $ level intermediate,  if not holding 1160 level .................................................

Then next downside target 1073.75 $......................................................................................................

Let us see what happens..........................................................................................................................

Ranbaxy

Two charts are enclosed..................

Ranbaxy message is "simple" - not in sell mode......................................................

Use appropriate chart and take long call always.....................................................

Crude

Crude watch carefully levels, we may get good buying opportunity soon................................

Don't be in hurry, wait and analysis and take trade................................................................

Take support of International price also................................................................................

Silver - International Price Chart

Silver again sell initiated on 18th November 2013.   Take trade only on Entry point, otherwise wait for the opportunity.... In between don't take trade for positional.

Gold Chart in Dollar

In Dollar Gold initiated sell again at 1287.79 below on 8th November 2013.    In Silver and Gold always take position based on International Price Chart, because, due to USDINR fluctation consider International price as a base for "BUY or SELL".