Thursday, June 28, 2012

Gold analysis!!!


Gold is trading in a downside range!
closing below 29650 today have turned the sentiment negative.
Expecting the gold to touch the range of 29400-200!!
Level of 29550 crucial for intraday!!!

Nifty Analysis!!!

Nifty chart is forming a triangle.
Breakout toward any side will decide the short term trend.
Market will be trading in the range of (5090-5120)-5190.
Expecting a downside movement with a support around 5090 for tomorrow.

Wednesday, June 27, 2012

nifty anlysis!!

Today gap up opening was seen in nifty.
That gap is yet to be filled.
Market is ranging between 2090-5180 for past 5 days.
On daily chart difference between the gap of MACD is decreasing... indicating consolidation in coming days.
Closing above 5200 on daily basis will turn the trend to positive.
Sideways movement is expected for tomorrow.
crucial level are 5090-5150-5190.

Tuesday, June 26, 2012

Nifty analysis!!!

Market made a low of 5100 yesterday after disappointment of RBI action.
The market is still under a range bound and today it took a support at 5095.
Market If tomorrow fails to sustain the level of 5090 then nifty will can see the level of 5050-5010.
Expecting a positive move after sustainable opening of the nifty for tomorrow.