Wednesday, February 12, 2014

Gold


Gold as posted earlier, smooth sailing and it may hit 1299.20 and 1305.03 level soon.............

MCX charts are posted in www.niftymetals.com - technical level.............

Crude




As said earlier, crude tested the level 100.71, anything close above crude will test 103.63.....

Now exit and watch........................

PFC



PFC almost trading to our important level............now what is next, it will further go up or from here correction will start ?....................

We will update our view in www.niftymetals.com - technical level...................

Tuesday, February 11, 2014

Lead Short Running

If further close below 129.90 (5 minutes candle close), further fall is intact................run the position with profit trailing s/l.

We will update copper and Lead chart after a hour..................

Copper Intraday Buy call is running

Copper buy initiated at 442.95, targets 443.30 / 443.78 / 444.15 / 444.80 - s/l see the chart

Natural Gas - Predicted Fall



Refer our last week Natural Gas post

We are beating down Natural Gas from 335 and already hit the 2nd Target 303.83.....and falling...

Now  our final targets targets are 279.80 and 275.90.....


Monday, February 10, 2014

Lead - Intraday



Yesterday we have told Lead swing we can easily catch on Intraday.   Today both buy and sell we have used the right opportunity.   Due to closing hours, better close the sell position and book profit now...

Be happy today.....

IDEA - What Happened ! ! !


"PRICE ACTION FIRST, NEWS WILL SUPPORT THE PRICE ACTION TO REACH ULTIMATE DESTINATION"

Now everybody use to say because of  "Spectrum News" big fall on IDEA.

No, Sorry, refer our 25th January 2014 post on Idea, clearly mentioned, IDEA bull are dead.

Always remember one thing, "Price Action First indicates the trend, News will support to take the trend to the destination.   This is what has happened today with IDEA, ultimately reached the downside Target.

Let us concentrate on Levels instead wasting time on "News" 

Crude All our Intraday Targets Hit



Crude all our Intraday Targets are over..........................

Watch Lead almost going to hit our sell targets..............

Enjoy...............................................

Gold - Target Hit



Refer our previous post, buy initiated at 28910, target hit 28982...............

Now no sell,  wait for appropriate level for sell or buy............

Now no position, just wait for our post on www.niftymetals.com technical level.

Gold


Gold Watch the levels....our Intraday chart updated in www.niftymetals.com  Technical Level.

All intraday charts will be updated in Market Hours in www.niftymetals.com - and will not be posted here............

Sunday, February 9, 2014

Jeera



Jeera almost trading and holding our level 11798.............wait for a day or two to get into trade either buy or sell.............

Copper



Copper international price 3.278 will act a major resistance, if it breaks uptrend may resume else original trend continue towards 3.19 / 3.14.

Lead




Lead price range is 130 to 133 last week, let us see how it behaves this week....

Intraday we can easily catch Rs.1 in a day due to good swing................in one trade...

EURUSD




EURUSD immediate upside target price 1.3678.   One can expect further uptrend if it breaks 1.3689 and stays above..................

Nifty Review



Main trend has taken support at 6031.36 and Sub trend taken support at 6025.10.

If these levels are broken on closing basis further fall is intact.

Uptrend may continue to the level of 6168.40 / 6208.40 s/l is 6025.10 closing basis