Posts Tagged ‘Update’Gold :$ 1141.50 is Last HurdleWednesday, March 3rd, 2010
In my last update on 20th Feb’10,I had written it will face Hurdle at $ 1134-1141.50.It kissed $1131.50 & crashed upto $ 1088 level and there after taken U-turn. Again Yesterday made high of $1137.60. Now ,What to expect ? Just watch $1141.50 level.Two consecutive close above this level will take to $1164-1171.50 level. -Don’t panic at lower levels. -I will update MCX levels to our Subscribers. Updated at 6:34/3rd March/Baroda
Crude Oil :MCX -UpdateFriday, February 26th, 2010
Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic. What A Rally from 3275 to 3727 level. In Four Trading session crashed to 3585 level. Now ,What to expect from this level ?
Real Strength above 3720-3725 only. More Update to our Subscribers Updated at 8:09/26th Feb/Baroda
Nasdaq Composite :UpdateWednesday, February 24th, 2010
From recent low of 2100 flared nonstop upto 2252 level.Yesterday after hitting a low of 2205 it closed at 2213 level. Now ,What to expect ?
Decisive break /close below 2205 for two sessions will take to 2176-2167 level. -So 2205 is crucial support for Short Term Traders. Updated at 6:31/24th Feb/Baroda
Crude :Will kiss and cross 3810 -3843Saturday, February 20th, 2010
Monthly chart indicates once closes above 3844 for 3 days will take to 3980-4274. Day Traders ,Have a close eye on 3710 level. -Two consecutive close above this level then expect nonstop rally upto 3810-3843 level. (From recent low of 3275 had spurted upto 3717 level ,so in short term looks highly overbought) -Weekly/Monthly chart indicates uptrend to continue. -I will update more to our Subscribers. Updated at 10:21/20th Feb/Baroda
Gold-Silver :UpdateSaturday, February 20th, 2010
-$ 1134-1141.50 are Major Hurdles. Crossover /Close above 1141.50 for 3 consecutive days then will see $ 1164-1171.
DaY Traders ,Watch Rs.16886 level. Crossover/Close will take to 17104-171176 level. Be cautious @ higher levels.
Thirsty Traders ,Just have a eye on 25656-25826 level. -Once crosses /Closes above 25826 level then another round of explosion will start. -Three consecutive close above 25826 will take to 26340+ level. Do u want to know Trend of Precious /Base Metals/Crude ..join us. Updated at 9:07/20th Feb/Baroda
USD -Euro Index :UpdateFriday, February 19th, 2010
Refresh your memory and see from ,What level Iam Bullish in USD an US Dollar INDEX. Above is the Monthly chart. My Target intact :Heading towards -81.91-82.87 level very soon.
Already last week ,I had given alert :Below 136 level it will be major problem for Euro. I expect 130.83-129.12 level. Will update more to our Forex Traders. Updated at 8:14/19th Feb/Baroda
Tata Steel :Crucial support 567-563Thursday, February 18th, 2010
My first call of day was :Sell Tata Steel below 580.Stock will slide to kiss 567-563 in panic. -Made low of 568.70 and now at 14:22 hrs trading at 574.50 level. -Yesterday’s high of 584.50 is major Hurdle.If crosses then Laxman Rekha at 589-598. -Seller will be winner only. The qualities essential to the equipment of a speculator are judgment, self-reliance, courage, prudence and pliability. To these could be added another quality, patience. Updated at 14:25/18th Feb/Baroda
Tata Steel :Watch 582.50 levelWednesday, February 17th, 2010
From 517 to 576 in just 5 sessions. -Somebody was knowing results ? -Is this not manipulation ? What chart says ? Thirsty Traders ,Concentrate on 577-582 level. While updating at 9:52 ,Stock trading at 574 level.Made high of 576.30 in Futures. Take a RISK of 8 or keep stoploss of 582.50 & Go short. Now below 572 if trades with volumes and not crosses 582.50 will take stock to 561-557 & there after 546-542 level in hrs only. -Just see stock price movement from 11 till 12:30. -Don’t trade blindly !! Intraday update at 9:54/17th Feb/Baroda
Gold -Silver :MCX UpdateWednesday, February 17th, 2010
“One common adage…that is completely wrongheaded is: You can’t go broke taking profits. That’s precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits.” GOLD -MCX :From recent low of 15950 in just 10 sessions it had zoomed to kiss 16760 level. -It was not able to break 200 Day moving average. Now ,What to expect from this level ? -It will face Hurdle at 16814-16886. -Suppose crosses 16886 then will kiss 17104-17176 level. On going rally is of corrective nature ,just be cautious at higher levels.
Completed lower target of H& S. From recent low of 23610 already flared upto 24860 in just 10 sessions. -Hurdles at 24974 ,25144 level. -Crossover above 24860 with volumes ….catch it. Yes ,still trading below 200 Day Moving average. Will update more to our Subscribers. Updated at 6:14/17th Feb/Baroda
Copper -MCX :UpdateThursday, February 4th, 2010
Dear Readers & Traders just see on 12th Jan’10 ,What I had written about Base Metals.
Click here and see power of chart and our vision. Already from 354 it had crashed to 301 level. Now ,What to expect ? Weekly Box chart indicates 295.50 is Last Hope. -Break below 300 will take to 295.50 & two consecutive close below 295.50 will take to 280-275.50 level in panic. -Not Today/Tomorow…But very soon will kiss Rs.250 level. From Last 2 months we are Highly Bearish in Precious Metals/Base Metals and were Bullish in USD….Refresh your memory !! More updation for our Subscribers. Updated at 6:48/4th Feb/Baroda/India 200SMA at 299.
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