Thursday, 17 April 2014

Update on Metal and Energy










Gold




Support at 28500 and Resistance at 28650

Decisive break and sustain below 28480 will take to 28300---28200 mark. Further panic seen only close below 28200 level on weekly closing basis

Else it could test its resistance level of 28650 again

Decisive break and sustain above 28650 will see further upside rally till 28800---28900 mark

Traders can trade with levels only




Silver




Support at 42100 and Resistance at 42500

Below 42100 will see panic till 41700---41300 mark. Three consecutive closes + weekly close below 42000 will see panic till 40000---38500 and then to 37000 mark in days to come

Above 42500 will see rally till 42800---43050 and then to 43600

Chances are bright for downside move... Any sharp rise will be good selling opportunity for positional traders

Anything seems will update via SMS



Copper



Support at 403 and Resistance at 409

Looks choppy and has no clear direction... Traders can trade in a range with strict stop loss and wait for conformation



Nickel



Support at 1028 and Resistance at 1083

Two consecutive closes + weekly close above 1083 will take to 1109---1113 and then to 1130+ mark in days to come

Fresh selling can initiate only close below 1028 mark

Traders can buy Nickel in panic with strict stop loss below 1028 on closing basis




Lead



Support at 125.50 and Resistance at 129.00

Three consecutive closes + weekly close above 129.00 will take to 133---137+ mark in days to come

Fresh selling can initiate only close below 125.50 mark

Trade with levels only




Zinc




Support at 122.50 and Resistance at 124.00

Two consecutive closes above 124.00 will take to 126.00---127.50+ mark in days to come

Fresh selling can initiate only weekly close below 122.50 mark

Trade with levels only




Crude oil



Support at 6200 and Resistance at 6330

Two consecutive close + weekly close above 6330 will take to 6425---6460 and then to 6530+ mark in days to come

Fresh selling can initiate only close below 6200 mark

Trade with level only




Natural gas




Support at 272.50 and Resistance at 279

Still looks positive and could test 279 mark. Three consecutive closes+ weekly close above 279 will take to 283---286+ mark in days to come

Fresh selling can initiate only close below 272.50 level on weekly basis


Trade with levels only












































































More will update soon...

Update on Currency












USDINR







Weekly support at 60.20 and Resistance at 60.70. Last Close 60.4875









Weekly close above 60.70 with volume will take to 61.05---61.35 mark else it could test its support again

Three consecutive closes + weekly close below 60.20 will see free fall in USDINR in days to come

Till then traders can trade with levels only





EURINR




Weekly support at 83.30 and Resistance at 83.90---84.20. Last Close 83.6925








Above 83.75.... could test 83.90---84.05---84.20. Further upside rally seen only weekly close above 84.20 mark else it could test its support level of 83.30 again

Three consecutive closes + weekly close below 83.30 will see free fall in EURINR in days to come

Trade with levels only... Anything seems will update via SMS





GBPINR





Support at 100.70 and Resistance at 101.60---102.30. Last Close 101.5425







Above 101.60 will see rally till 101.90---102.05---102.30 mark. Further upside rally seen only weekly close above 102.30 level

Fresh selling can initiate only weekly close below 100.70 mark

Risky traders can buy GBPINR in panic around 101.20 with stop loss below 100.70 on closing basis for the initial target of 101.60---102.30

Others can trade with levels only




JPYINR





Weekly support at 58.80 and Resistance at 59.20. Last close 59.1650 


Above 59.20 will see upside rally till 59.50---59.60 and then to 59.85 mark

Further upside rally seen only weekly close above 59.85 level 

Fresh selling can initiate only close below 58.80 mark

Traders can trade with levels only... Anything seems will update during market hours


























































































More will update soon...

Thought For A Day










“I have been impressed with the urgency of doing.

Knowing is not enough; we must apply.

Being willing is not enough; we must do.”













Wednesday, 16 April 2014

Update on Gold, Silver, Copper and Crude oil











Gold




Below 28730... Our target was 28680---28650. Too recommended fresh selling in Gold below 28630. It crashed and made a low of 28200. We booked 80% profit around 28350 mark

Now what to expect???

Support at 28340---28200 and Resistance at 28650

Two consecutive closes below 28200 will see further panic till 28050---27900 and then to 27600 mark in days to come

Else it could test its resistance level of 28500---28650 mark again

Fresh buying can initiate only weekly close above 28650 mark

Trade with levels only



Silver



Below 42700... our target was 42300---41800---41300. Made a low of 41526 and bounced back

Now what to expect???

Three consecutive closes + weekly close below 42200 will take to 40000---38500 and then to 37000 mark in days to come

On rise sell it... Positional stop loss above 43600 on weekly closing basis. Trade with levels only




Copper



Sent message to sell Copper around 404.50---405.00. It crashed vertically and made a low of 396.20

Now what to expect???

Three consecutive closes + weekly close below 403 will take to 392---388 and then to ???

On rise sell it... Revise stop loss above 407 on closing basis




Crude oil



Support at 6200 and Resistance at 6290---6330

Either side break or close with volume will decide further... Till then traders can trade in a range with strict stop loss and wait for conformation

Anything seems will update via SMS






























































More will update soon...

Update on Currency













USDINR






Sent message to sell USDINR around  60.50---60.55 with stop loss 

above 60.70. Just made a low of 61.37

Below 60.40 will see panic till 60.05---59.90 mark.  Further panic seen only close below 59.90 level else it could test its resistance again. 

Fresh buying can initiate only weekly close above 60.70 level. 



 Traders can trade with levels only and wait for conformation.






EURINR






EURINR has support at 83.40 and resistance at 83.90.


Below 83.40 will see further panic till 83.20---83.00---82.80 mark else it could 

test its resistance level of 83.90 again. 

Further upside rally seen only close above 83.90 mark.

 Traders can trade with levels only





GBPINR





GBPINR has support at 100.90 and resistance at 101.20.

Above 101.20 will see further upside rally till 101.50---101.80 mark else it could 

test its support level of 100.90 again. 

Close below 100.90 will see further panic till 100.60---100.30 mark. 

Trade with levels only





JPYINR






JPYINR has support at 59.20 and resistance at 59.60. Last close 59..29


 Close below 59.20 will see further panic till 59.00---58.80 mark. Further panic 

seen only close below 58.80 mark else it could test its resistance again

Fresh buying can initiate only close above 59.60 mark 

Trade with levels only














































































More will update soon...