Yes, I had told my subscribers to buy Great Britain pound against Indian Rupee with 101.71 – 101.91. All targets are kissed and they know it. We are still expecting some more bounce to 102.50 – 102.81. Only if cross a small hurdle of 102, otherwise downwardly to 100.88 to 100.50 is must.
Did you remember my last Indian currency newsletter? Click here for refresh your memory. I had updated chart for my free traders & Tips and views for subscribers. As I mentioned in my chart it comes for check the strength and try to break resistance. What you think? Will it break resistance of 86.02? Ask my subscribers to know in detail.
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As I said, “It must jump with support 59.11 to 60.00 – 60.66 and 61.27 in next trading sessions”. Click here to read in detail. My 1st target kissed and creates high at 60.44 What you think?
Will it kiss my 2nd and 3rd target?
More updates and tips on Global & Indian Currency for subscribers only.
Nifty on Friday closed down 68.65 points at 6168.40 while Nifty future closed at 6197.75, a premium of 29.35 points. FIIs sold in Cash, net sell 432.05 Crore while DIIs sold in Cash, net sell 45.07 Crore. FIIs sold in Index future, Stock future but bought in Index Option, net sell 609.57 Crore!
Stock markets are likely to remain choppy this week ahead of the Reserve Bank of India’s mid-quarter review of monetary policy and a meeting of the US Federal Reserve that could decide on tapering its stimulus program.
The Sensex lost 280 points in the week to Friday, while the 50-stock Nifty fell 91 points during the period. Now for this wee Nifty will holds immediate support at 6100 levels. The recent fall in the markets has pushed some index majors in oversold territory. Hence, most indicators are in favor of technical rebound in the markets.
What is for Today?
Nifty future Support : 6160 to 6178
Technical Nifty can test 6233 to 6256 (“Sell on Rise” continues till below “6243-51”)
Trading is better on support and resistance level with stop loss.
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Everybody knows, Moneymunch is official website for the Long-Term / Short-Term shareholders. From September 10th, MCX Gold is continued playing between resistance 31,100 and support 28,350 levels. This year has been not easy for bullion investors in India. The price went from a high of approximately 35K to where it is nowadays, in the mid-29K range. It has fallen 26% this year, but remember it is still at a very high level compared to historic investment demand. What is behind the jump down in the gold rate? Simple answer is Dollar index and Gold index pressure on prices.
So what will happen tomorrow and into this week?
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Look above chart [Note: For smart traders only] Targets: 44000 – 43500 – 42500 below Now rough resistance 46,000, you may say hurdle also… Keep in mind, Monday morning 80% chance to open upper side Above resistance, it will become important support because later targets will be 47000-48000 upper… Are you thinking, above silver information is crazily write but what to do… I will give exact information to subscribers due to market hours!
Let’s come to the point directly. I had written about Crude oil in my last free commodity newsletter. New readers, go here for: check free crude oil tips. Crude oil closed below hurdle 6060 and what you think now? Will we look MCX Crude oil at 6000-5942-5884-5833 levels? I think, don’t need to explain again.
Natural gas overbought in last week. Our subscribers and free users also minted money by our 10th Dec newsletter. Thus, expecting correction and it may take U-turn. More information about Natural gas will be updated for members and Big correction alert I will send you due to market hours!
Oh yes, remember, subscribers always get more benefits and access.
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I hope you remember, I said you something about MCX Nickel on 10th Nov and if you don’t remember then click here to know. I had written, “You want to earn safely from Nickel? Then listen to me very carefully, once it open upward then buy it @ opening bell with targets: 855-860+ and if it open downwardly keep silent!“ On that day, nickel eats all targets plus made high 862.5!
So you remember my 10th Nov Free commodity tips newsletter? There was written panic about Natural gas and if you haven’t any idea then click here and remind it now! I said, “today Buy Natural gas without any worry! Intraday Targets: 260 – 261.2 Short term (positional): 263“ Natural gas also touched all targets and intraday targets done @ same day and positional @ next day! I hope, everyone enjoying commodity MCX NCDEX tips newsletter.
Who’s waiting to make exact position? Go and buy MCX Crude oil. Targets: 6130-6154-6183 Hurdle: 6060 Remember, If once Crude oil close below this hurdle then it will go down without anybody worry and touch 6000-5942-5884-5833 below
To know more about MCX Commodities and copper report..
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Delhi, Madhya Pradesh, Rajasthan and Chhattisgarh state election result effects on Japanese Yen / Indian Rupee. Friday trading session we’ve seen close at 60.61 and opens 59.44 on Monday, Sudden gap 1.17 Rupee on JPYINR. It must jump with support 59.11 to 60.00 – 60.66 and 61.27 in next trading sessions as per intraday chart. Unable to hold, support and bloodbath continue to 58.35 – 57.75 and more.
More views on EURINR, USDINR and GBPINR subscribers can check .
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