USDINR is at crucial levels, if it breaches on upside it would mean more pain in Indian share market but if it breaks down from these levels which has a very high probability then look for recovery in Nifty & BN from here on.
Crude is now in a sideways pattern after reach highs of 140 $. The trend is still negative, and once we get a close below 100$ it will open levels of around 60 - 70 $. Keep a watch the ride is about to start.
SBIN : Looks like major upside rally done. Looking for short now at 290 - 300 lvls for a target of 250 lvl in either Jan or Feb series. SL remains closing above 300 on daily charts.
Looking for a reversal in Gold for a new upside. 1820 is the lvl to watch in case this lvl breaches then would go short but there is divergence bet macd and price. So let's see ahead how this turns out.
GOLD looks set for a run on upside with US election almost close to giving verdict.
Both Copper and Dollar index are showing breakout and breakdown respectively on monthly timeframe. Markets have too much liquidity and with Copper breaking out means it is signalling growth and inflation. And growth on one hand is good but inflation at this time when liquidity is at its max in history might pose problems for FED. Are interest rates about to...
Looking for a short entry on break below 27.085 lvls on 15 min tf on closing basis.
My view is there will be a final push across Equity markets, Crude oil and Metals before we witness a correction going till October-November 2020. So for Gold view remains a push to 1830-1850 $ lvls in coming days and same on Silver till 21$ lvls. Gold already up 400$ from 1400$ lvls seen in March same with equities, so don't go long or short aggressively. Let...
There is clear divergence between price vs macd on daily tf. Looking for a sideways to bearish till 1600 lvls in coming days.
Banknifty index has breached the macd on hourly tf on downside.... Major lvls of 22400 has been breached today and the heavyweights like Hdfcbank, Icicibank & kotakbank are leading the weakness. Looking for further addition of shorts at 22400 lvl if they come otherwise short on rise market until we effectively get a closing above 22400 on 15 min tf !! And it's...
Clear divergence between macd and price .... looking for a break from this range RR in favor of longs -- Long at cmp 41.66 SL at close below 41.5 on 15 min tf
Next banking stock to start its run . Watchout for the closing ....10-15% run possible Call OI in Axis Bank 1,329,600 420 1,388,400 440 1,558,800 450 1,813,200 460 Any closing above 460 today will trigger short covering.
Watchout as bn is already at resistance lvls ....
Silver at cross roads, either a break on upside or brace for a steep fall. looking for dollar bulls ahead and continuation of equity rally.
After RBL & Indusind bank this could be another candidate for a 10% run. Wait for a breakout to go long !! Vol increasing for past few days ...
Waiting for a breakdown on 15 tf MACD turning -ve Watchout
XAUUSD: Weekly MACD Divergence Not looking good for Gold bulls, stuck in a tight range. Looking for a fake breakout and then the correction in Gold.