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Nifty Future Trading Tips

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nifty-futures

Nifty Future

(Updated on 20-12-2012 at 08.10 AM)

5956-5963 intraday hurdle.

Crossover with sustained vol and price will boost

the sentiment and confidence.

Expect 5984-6005 above 5973.

5936-5930 intraday support.

5922-5915 Crucial support.

Break below 5910 Expect 5895.

5895-5886 last hope for reversal.

Decisive break below will take 5865-5850

Daily + weekly closing above 6008

will take Nifty fut up to 6200.

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EURJPY Chart Pattern Analysis (Forex)

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EUR JPY

Challenging the strong resistance at
111.44/111.60.
• EUR/JPY’s rise is overextended but, yesterday,
it managed to make new highs. It is now
challenging the strong resistance at
111.44/111.60. Given the general overbought
conditions, we favour a phase of weakness in the
next few days.
• EUR/JPY has moved above its long-term
downtrend (linking the October 2009 top with
the April 2011 top). Monitor the test of the key
resistance at 111.60 (31/10/2011 high).

Short 3 at 111.30, Objs: 110.35/108.10/106.10, Stop: 112.25

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New update: MCX Crude oil, CPO and Mentha oil

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MCX Crude oil

Let’s we make this Wednesday beautiful. Start trading with Energy sector crude oil. As I said on my past newsletter (Click here to read my last commodity report), black gold has been bouncing in a range between 85 and 90 for quite a while. Buy crude oil @ opening bell. Crucial Targets: 4841-4852-4860 and Hurdle: 4815. If crude oil opens downward and cross the hurdle then targets will be 4807-4784.

mcx ncdex cpo

Today, a small trader for earning chance is in MCX CPO and when you are trading with CPO that time does not fear to die. Just opening bell is requiring to downward. Targets: 402-401

 

mcx-mentha-oil

One of my favorite, go and sell it everybody. Targets: 1318-1312-1300. Sorry gals and guys, Stop loss is available only for subscribers.

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NSE BIOCON, REC & PFC Share Tips

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REC

REC

Closed above Resistance at 244

Buyers zone at 242-247

No worry above 237.

Target = 257-260

PFC

PFC

Hurdle zone at 204

Grab above 204 for momentum gain.

Target = 209-211

Biocon

Biocon

Support on Rising trendline at 283-285

Buyers zone within 283-288

Crossover 291 with vol expect blast up to 297-300

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Nifty Spot Trade Setup & Outlook

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nifty-futures THOUGHT FOR TODAY 

—————————— Letting Go Of Sorrow If I allow bitterness and resentment to fester inside, it will make my relationships guarded and unsatisfying. The more I close down to others, the more I become a stranger to myself. By letting go of sorrow and negativity, I can keep my nature open and loving. Remaining open to life, with its constant adventures and opportunities to grow, is the only way to reach my full potential.

Nifty Spot

(Updated on 19-12-2012 at 08.10 AM)

Yesterday clearly mentioned break below

5865 NF might touch 5832.

Nifty fut dipped to 5838.05 and took U turn.

Now for Today……….

As mentioned yesterday above 5927 bulls will clearly

dominate the trend and crossover 5955 will accelerate

upward march to move closer to 5984-6009 mark.

5886-5902 intraday support.

5832-5850 good support for the short term trend.

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RBI leaves key rate unchanged, shifts focus to growth

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The Reserve Bank of India on Tuesday left the key policy rate unchanged in its mid-quarter (December 2012) monetary policy. With this status quo in the policy action, repo rate stood at 8% while reverse repo was at 7%. Cash reserve ratio (CRR) also remained at 4.25%.

RBI’s policy rate changes at a glance

DateReverse RepoRepo SLRCRR
December 1878 234.25(unchanged)
October 30, 201278 234.25 (-25)
September 22, 201278 234.50 (-25)
August 11, 201278 234.75
April 17, 20127 (-50)8 (-50) 244.75
March 10, 20127.508.50 244.75 (-75)
January 28, 20127.508.50 245.50 (-50)
October 25, 20117.50 (25)8.50 (25) 24     6
September 16, 20117.25 (25)8.25 (25) 24     6
July 26, 20117.00 (50)8.00 (50) 24     6
June 16, 20116.50 (25)7.50 (25) 24     6
May 03, 20116.25 (50)7.25 (50) 24     6
March 17, 20115.75 (25)6.75 (25) 24     6
January 25, 201125  (5.50)25  (6.50) 24     6

*The bracketed figures show repo, reverse repo and CRR in percentage term.