Free Stock, Commodity, Forex Trading Tips & Education Articles

Nifty Future Calls for Intraday Traders

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Nifty Future Tips

(Updated on 08-10-2012 at 07.15 AM)

We had clearly written again and again that  above 5770

Nifty future would see 5830-5865.

Nifty future made high at 5856 and then retraced sharply.

Now for today…

5791-5806 hurdle zone.

crossover will elevate NF above 5823-5838.

If sustains above 5840 then more strength up to 5852-5870.

5747-5729 support zone.

Break below 5729 will take it to 5710-5697-5682.

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Update: Nickel, Natural gas, Aluminum & Cardamom – All Targets blast

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mcx nickel tips

Just 2 days back i mean on 4th Oct 2012 what I said about Nickel?
Click Here to read my 4th Oct Newsletter
I had written, “You can sell Nickel @ 976 with stoploss 980 and Intraday Targets: 969-965 and Positional Target: 959.5”
male gif dancer
Yesterday Nickel kissed my all targets..enjoy!

MCX Natural Gas tips

What I said about Natural Gas?
Click here to read it
I said, “Natural gas is looking bit weak and intraday traders for available great opportunity. It can touch 175-173”
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I was spoken this thing when Natural gas closed 176.5 and yesterday natural gas moved downward and touched first target. MCX NG is near to touch last target and it’ll happen today!

 

MCX Aluminium calls

Hey small traders! What I said about MCX Aluminum on 4th Oct for you only?
Click here to read it
I had written: “Small traders for small opportunity available on Aluminium. Targets: 108.7-108.5”
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I had written above thing when MCX Aluminum was closed 109.2 and it kissed my all targets on 4th Oct.. I hope every small trader enjoyed!

 

ncdex cardamom free tips

Just 2 days back mean on 4th Oct 2012 what I said about MCX Cardamom?
Click here to read it
I had written: “Are you sure, you want to earn money without risk? Go and sell MCX Cardamom with Targets: 930-924-909”
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When Cardamom was run @ 945 around that time I said… my each and every target done!
What else you want?

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Stock Calls on NSE BGR & Aban

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NSE BGR Trading Call

Buy BGR Energy

Closing price = 292.25

Stoploss below = 286

Target = 303-307

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Daily Nifty Future Trading Strategy

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NSE Nifty Tips

Nifty Future Tips

(Updated on 05-10-2012 at 07.25 AM)

For last 10 days we are shouting that above 5730 NF would see

5830-5865 and then 5935-5988.

NF has formed high at 5842 in just a few sessions.

Now for today…

5794-5802 intraday support.

Crossover 5841 see NF moving higher at 5856-5864.

If sustains above 5864 then 5887 not ruled out.

5728-5751 strong support zone.

3 Daily + Weekly closing for Nifty Future above 5770

See blast and Nifty moving higher up to 5863-5935-5988.

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Why It’s Time to Sell Gold

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After touching a new 2012 high following comments from Federal Reserve chairman, Ben Bernanke on Monday, Toby Connor of Gold Scents details why it might be time to book some profits in gold and mining stocks.

It’s been a great run over the last two months but it may be time to tighten stops on mining stocks. You can see in the chart below that at least during this stage of the new C-wave gold is still inversely tethered to the dollar index, as are miners.

Dollar Gold HUI Chart

dollar fall

During the period from September 2011 to July 2012, the dollar was moving generally higher out of its three-year cycle low and that forced a 10-month correction in the precious metals sector. It’s been my opinion that the three-year cycle in the dollar topped at that point, and should drift generally lower until the next three-year cycle low sometime in mid-2014 (with occasional counter trend rallies from time to time).

I’ve been expecting one more leg down in the dollar to test the February intermediate low before the first counter trend rally.

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Reform boost to commodity mkt as cabinet clears FCRA Bill

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Giving a reform boost to commodity markets, the government today approved the FCRA Bill that seeks to provide more powers to sectoral regulator Forward Markets Commission (FMC) and allow a new category of products.

“The Cabinet has approved the Forward Contract Regulation Act (Amendment) Bill. It will give more teeth to FMC. Farmers will also benefit,” Food Minister K V Thomas told PTI.

The Forward Contract Regulation Act (FCRA) Bill, considered vital for the development of futures trade, aims to provide financial autonomy to the regulator. FMC can become self-sufficient by collecting revenues in form of fees from exchanges after the passage of this Bill in parliament, Thomas said. The retirement age of FMC chairman and its members will go up to 65 years from 60 years, if parliament passes the Bill. The number of members in FMC has also been proposed to increase from four to nine. The Bill also seeks to facilitate entry of institutional investors and pave the way for introduction of a new category of products, like Options.

The bill seeks to increase penalty on defaulters to Rs 50 lakh from the existing Rs 25 lakh. At present, the country has five national and 16 regional commodity exchanges. Recently, FMC had given its approval to the Universal Commodity Exchange to operate as a national bourse. The cumulative turnover of the commodity exchanges is about Rs 80.30 lakh crore till September 15 of the current fiscal.