(Updated on 08-06-2012 Time 09.00 AM)
Yesterday we had mentioned trading above 4998-5011
would elevate NF to higher levels.
Yesterday it went up to 5037.
Now for Today…
Above 5038-5045 bulls will dominate.
If trades below 5020 with volume it may slide upto
5006-4993.
Trades above 5045 would drive it to 5067-5084.
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Nowadays everyone thinking, Gold and Silver will hit all times new high day by day but here I’m thinking little different about Bullion sector. Gold has regained its footing in the last week as the market has rallied about $100 an ounce from the low and Silver Spot breakout its triangle. This usually indicates the market will have a very sharp breakout in the next days. The pattern suggests the market could break in either direction, but it’s likely to breakout higher. Fundamental view, tensions are high with the situation in Europe.
I’m looking MCX Nickel future is bright in coming days. Nickel tested it hurdle 873 four times in 1 year and every-time it was gone up 1000 plus. Nickel will touch again 875.5 level then…
Can we buy or sell? Write the comment below to share your opinion.
NCDEX Players! Are you ready…?
Go and buy Soy oil without worry…
Targets: 730 – 734
Put the stop loss yesterday’s low!
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IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT.
This rule relates to the theory of capital flow. It is trading capital that pushes a market one way or another. An oversupply or imbalance of buy orders will push the market up. An oversupply of sell orders will push the market lower. When price stagnation is present (as typically happens many times throughout the trading session), the market and its participants are telling us that, at the present time, they are happy or satisfied with the prevailing bid and offer. You don’t want to be in the market at these times. The market is not going anywhere. It is a waste of time, capital and emotional energy. It’s much better to wait for the market to heat up a little and then place your trade.
(Updated on 07-06-2012 Time 09.00 AM)
Yesterday we indicated above 4902 would favor bulls.
Crossover 4935-4958 area set the market on fire.
Now for Today…
Bulls are delighted above 4998-5011.
Crossover with volume market will see 5072-5088.
4952-4968 are intraday support.
Consecutive two closing above 5020 will take it to 5129-5155.
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(Updated on 06-06-2012 Time 01.50 AM)
Buy above 484
stoploss below 476 closing basis
Target: 492-502
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LOVE TO LOSE MONEY.
This rule is the one that I get the most questions and feedback on by traders from all over the world. Traders ask, What do you mean, love to lose money. Are you crazy? No, I’m not crazy. What I mean is to accept the fact that you are going to have losing trades throughout the trading session. Get out of your losers quickly. Love to get out of your losers quickly. It will save you a lot of trading capital and will make you a much better trader.
(Updated on 06-06-2012 Time 08.50 AM)
Yesterday we had written above 4858 would move up to 4885-4902
It went up to 4876 and retraced.
Now Today
Above 4855 will move up to 4885-4902 as written yesterday.
If sustains higher levels at 4902 with volumes may see 4935-4958.
4824-4802 area intraday support zone.
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DON’T SPECULATE. IF YOU DO, YOU WILL LOSE.
In all the years that. I have been a trader and associated with. Traders, I have never met a successful speculator. It is impossible to speculate and consistently print large winners. Don’t be a speculator. Be a trader. Short-term scalping of the markets is the answer. The probability of a winning day or week is greatly increased if you trade short term: small winners and even smaller losses.
Nifty Futures Calls
(Updated on 05-06-2012 Time 09.10 AM)
As expected yesterday below 4782 we saw lower levels at 4760.
NF bounced off from the low of 4760.
Now for Today…
Above 4858 favors bulls and may drive up to 4885-4902.
Intraday support at 4817.
Below which 4800-4783 may see.
Intraday hurdle on upside is 4848-4858.
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