Monday 25 May 2015

Market View - 26th May 2015 - 12 pm

Market has strong resistance around 8450-8500, market is not able to move
beyond it and selling pressure is increasing at this place

For time being 8300 is acting as good support. But looking at the way the
market is behaving, it it better to avoid any longs.

On intraday today, market may move high, but this is opportunity to exit all
long positions and hold with cash

Sunday 17 May 2015

Commodity Market View - Gold, Silver, Crude Oil - 18th May 2015

Gold, Silver and Crude Oil - all are at the levels from where they could correct.

Selling levels for Gold - 27,450-27,500

Selling levels for Silver - 39,500-40,000

Selling levels for Crude Oil - 39,000-40,000

Keep selling at all higher levels. If Gold breaks 25,000, then we could see huge
selling in the coming days.

Same is the case with Silver around 32,500

And Crude can retest its previous lows.

If Gold breaches 25,000, then Stock markets will hit historic highs

Market View - 18th May 2015

Market has been consolidating from last one week in tight range. There
is Inverted Head and Shoulder (yet to complete) pattern getting emerged.
The confirmation for the same is after 8350 on the Nifty.

Now if market holds 8200 and starts moving above 8300, keep stop loss
@ 8180 on closing basis and go long. If the market moves up from here,
it can move towards 8600-8700.

Thursday 14 May 2015

Buy Idea @ 171-173

Buy Idea @ 171-173
SL 169
Target 178, 185
Duration - 2 to 3 days

Market View - 15th May 2015

Market has taken support @ 8000 as i had said in my earlier post
and now showing some strength.

Bulls are trying hard to pull the index. 8000-8100 is acting as
strong support and now the immediate hurdle is at 8300-8350.

Now market needs to close above 8350 for 2 days to confirm
its strength. Till then, the volatility may continue like what
you are experiencing from past 2-3 days.

Wednesday 6 May 2015

Market View - 7th May 2015

Market has been constantly breaking all supports and should soon touch our
targets of 8000 in the coming days. Hold shorts with SL @ 8180