Dec 30

USD/INR: Rupee yesterday closing was seen positive at the level of 53.68 where it tested the higher level of 53.8 and short profit booking at high was seen. Today opening was seen negative around 53.6 per$ where some positive move is expected where on lower side support is seen at 53.5 per$ and on higher side immediate resistance is seen at 54 per$ where till the time support of 53.5 holds buying at dips is advise around 53.6 per$ and will test 54 and above 54 per$ will further move to 54.4 in near term. In short term trading range bound to upside move is expected where it will move slowly to test 54 again and 54.5 in medium terms and long term target of 58 cannot be denied where buying at dips is advice in medium term for positional traders. Stochastic which has given positive intersection near lower zone which indicates price will rise side way to upside and higher target can be tested soon. 

Dec 23

Crude MCX Sell @ 5275 stop @ 5305 target 5220 - 5150 - 5050 level soon in coming days,,,
Brent Crude Sell @ 107.8 stop @ 108.2 tgt 107 - 106 - 104

Gold Sell @ 1610 $ stop @ 1616 tgt 1600 - 1585 - 1555 level soon....
Gold MCX Sell @ 27770 Strop @ 27860 tgt 27550 - 27350 - 27100 level soon...

Copper MCX Sell @ 405 stop @ 407 tgt 395 - 385 - 370
LME Copper Sell @ 7580 Stop @ 7650 tgt 7400 - 7100 - 6800

Silver Sell @ 29.35$ stop @ 29.5 $ tgt 28.84 - 28.2$ - 27.5$
Silver MCX Sell @ 53200 Stop @ 53800 tgt 52200 - 50500 - 49000

Dec 22

MORNING call : 1. : EURUSD Buy @ 1.3040 TGT 1.3080 - 1.3095 - 1.3120  SL 1.3010
                               booked profit =  800 USD

2. Gold Comex Sell @ 1615 TGT 1608 1602 1597 Stop Loss 1618
     profit booked : 2400 USD

3. EURUSD Sell @ 1.3110 TGT 1.3085 1.3050 1.3025 Stop Loss 1.3130
    profit booked : 850 USD

4.Silver Comex Sell @ 29.60 TGT 29.40 - 29.20 - 29.00 Stop Loss 29.75
   profit booked : 3000 USD

TOTAL = 800 + 2400 + 850 + 3000 = 7050 USD

Dec 21

EUR/USD  BUY AT 1.3105 ......TGT 1.3165 - 1.3190 ...BOTH TARGET HIT
BOOKED PROFIT : 850  USD
...........................................

GOLD SELL 1634   .. SL 1640 ..... TGT 1628 - 1622 BELOW 1618 - 1612 - 1607
DAY LOW :1605
PROFIT BOOKED : 2800 USD 

EUR/USD SELL GIVEN AT 1.3134    .. TGT 1.3110 - 1.3080 - 1.3065 - 1.3035
DAY LOW 1.3022
PROFIT BOOKED : 1000 USD

TOTAL BOOKED : 2800 + 850 + 1000 = 4650 USD 

Dec 12

GOLD SELL @ 1710   ..   SL 1718  ..    TGT 1705-1700-1690-1680 below 1670-60-50
profit booked at 1660 (day low 1657) = 5000 $

SILVER SELL @32.05  ..      SL 32.25  .. TGt 31.50 - 31.30 - 31.00 - 30.70 - 30-50
profit booked at 31.00 (day low 30.86) = 5500 $

TOTAL = 10500 $

Dec 9

COMEX GOLD SELL BELOW 1718    ... TGT 1710 -1705 - 1700 ...SL 1722
booked profit at 1705 . = 1300 USD

Dec 8

COMEX GOLD SELL AT 1745 .
 SL 1760 .
TGT 1720 - 1710 - 1705 - 1700 - BELOW 1690 - 1680 - 1670 - 1660
Day End Low : 1703 ...  
PROFIT MADE : 4100 $ USD


SILVER SELL AT 32.75   . SL 33 .      TGT 32.30 - 32 - 31.80 - 31.50 - 31.20 - 31 - 30.50 - 30
Day End Low : 31.38
PROFIT MADE : 6850 $ USD

EUR/USD SELL AT 1.3440  .... SL 1.3465 ..  TGT 1.3400 - 1.3370 - 1.3350 BREAK BELOW WILL BRING DOWN UP TO 1.3330 - 1.3280 1.3250
AND MORE
Day End Low : 1.3288
PROFIT MADE : 1540 $ USD

NET PROFIT : 4100 + 6850 + 1540 = 12490 $ USD

MEGAAAA PROFFIIIITTTTTTTTTTTTTTTTTTTTTTTTTT 

Dec 5

OVERVIEW FOR CURRENCY :-
EURUSD Closed last week at 1.3392 ,if EURUSD crosses 1.3534 and close above 1.3534 then will see Rally up to 1.3650-1.3720-1.3790.

On lower side EURUSD having a neckline support at 1.3110 and below if it breaks and close this level then it will try to free fall up to 1.2950-1.2725-1.2545-1.2200-1.1945 levels.......05/12/2012 .2.30 am

Dec 2

Intraday calls

Morning call :-
GOLD SELL @1749  ...TGT 1744 - 1741 ...SL 1754
1st target hitt
Profit booked = 500 $

Evening calls :-
GOLD SELL @ 1760  .. TGT 1755 - 1748 - 1744 - 1741 ...SL 1764
all targets hitt
Profit booked  = 1900 $

EUR/USD SELL @ 1.3485 ...TGT 1.3445 - 3420 - 3400   ....SL 1.3510
all targets hitt
Profit booked = 850 $

TOTAL = 500+1900+850= 3250 $

Dec 1

Intraday calls
COMEX GOLD SELL @1752 . TGT 1746 - 1741 - 1738 - 1733 .. SL 1756
Day low 1733
Profit booked = 2000 $

Silver Comex Sell @ 32.66 ...TGT 32.50 - 32.45.... Stop Loss 32.80
Profit booked = 1000 $

EURUSD Sell @ 1.3490...... TGT 1.3470 - 1.3450 - 1.3430......... Stop Loss 1.3510
all targets hit
Profit booked = 600$

GBPUSD Sell @ 1.5675..   TGT 1.5650 - 1.5620 ...  Stop Loss 1.5695
both targets hit
profit booked = 550 $

Total = 2000+1000+600+550 = 4150 $

Nov 30

MORNING INTRADAY CALL
COMEX GOLD SELL : 1724 .. TGT 1715 - 07 - 01 (below 1700 tgt 1695-90-85-77).. SL 1728
Day low :1700
Booked profit = 2400 $



EVENING RANGE BREAK OUT BUYING GIVEN
 COMEX GOLD
Above @ 1720 . . TGT 1738-45   . SL 1715.
Day high 1750
ROCKET PROFIT =2600 $

EUR/USD : BUY Above 1.3400 . TGT 1.3470 - 1.3500 .. sl 1.3370
Day High 1.3531
Rocket Profitt = 1000$

Total = 2600 + 1000 + 2400 = 6000 $

Nov 29

Intraday calls
 Morning 11.55 am
1. COMEX GOLD sold at 1715   SL - 1718    TGT - 1707 - 1703  ..both target hitt profit = 1200 $.

2. COMEX SILVER sold at 32.05 TGT  31.85 -31.7        Stop Loss 32.15....both tgt hitt profit = 1500 $.

Total = 2700 $

Nov 28

Intraday calls

GOLD SELL @ 1715 , SL 1719 , TGT 1710 - 1705 - 1702
booked profit at 1707 = 800 $

SILVER SELL @ 32.05 , SL 32.20 , TGT 32.90 - 32.70
booked profit at 32.80 = 1250 $

EUR/USD SELL @ 1.3395 , SL 1.3320 , TGT 1.3350 - 3330 - 3300 - 3285
booked profit at 1.3330 = 650 $

TOTAL = 800 + 1250 + 650 = 2700 $  , or   Rs 1,40,400/-

Nov 25

COMEX GOLD SELL @ 1689 , SL 1694   , TGT >> 1680-75-65-55-45
today low 1671 , Profit = 1800$

EURUSD Sell @ 1.3306  , Stop Loss 1.329 TGT >> 1.3270 ,1.3250 ,1.3230 ,1.3210 CMP 1.3270
Today low 1.3209  , Profit = 1000 $

Silver Comex Sell @ 31.60  , Stop Loss 31.80   TGT >> 31.40 , 31.10 , 30.00    
today low 30.91 , Profit = 3000 $

SUB TOTAL = 1800 + 1000 + 3000 = 5800 $

Nov 23

INTRADAY CALLS

COMEX GOLD SOLD @ 1709 ....with sl 1712  ....TGT 1701 - 1695 - 1688 - 1682 - 1677
 all targets hittt ...today low 1675
Profit : 3200 $

SILVER SOLD @ 32.55  ... with sl 32.75 ... TGT 32.10 - 31.80 - 31.60 - 31.35
all targets hittt ...today low 31.20
Profit : 6000$

EUR/USD SELL given at 1.3475 .with sl at 1.3500 ........TGT 1.3440 - 3410 - 3370 - 3335
all targets hitt   ..today low 1.3319
Profit : 1400 $

Sub Total : 10,600 $

Nov 22

Intraday call

GOLD : sell at 1695 with  SL 1698 ,TARGET 1685 - 82 - 77

Booked Profit ( 9$ ) at 1686
PROFIT : 900$  usd  

Nov 21

INTRADAY CALLS

Gold Comex Sell @ 1723 TGT 1715 1710 Stop Loss 1727 CMP 1723 11/21/2011
booked partial profit @ 1700 = 2300 $ 

EURUSD Sell @ 1.3520 TGT 1.3505 1.3490 1.3470 Stop Loss 1.354 CMP 1.3520 11/21/2011
booked partial profit @ 1.3430 profit = 900 $


Silver Comex Sell @ 32 TGT 31.85 31.7 31.55 Stop Loss 32.15 CMP 32 11/21/2011
booked partial profit @ 31.10 = 4500 $ 



GBPUSD Sell @ 1.5750 TGT 1.5730 1.5710 1.5685 Stop Loss 1.577 CMP 1.5750 11/21/2011
booked partial profit 3rd target  @ 1.5630 =  1000 $

SUB TOTAL = 8700 $  USD

USD/INR: Rupee which is in uptrend is facing short resistance at 51.50 per$ and yesterday after testing higher level of 51.50 closing was seen at 51.47 where days low was posted at 51.1 per$. Today’s after gap up opening near 51.51 per$ crossing the resistance at 51.5 per$ and will be in uptrend move where on lower side it’s not expected to trade below 51.3 per$ on closing basis and any dip will be buying opportunity where on higher side if sustain trading above 51 will spark the higher target of 51.75 per$ to 51.95 per$ immediately. Dollar index is trading just above 78 level at 78.25 and is taking support at 77.8 and is expected to continue the uptrend where on higher side 78.5 and 79 can be the expected target. Rupee is expected to trade in range of 51.5 per$ to 51.9$ for the day with buying at dips advise. Stochastic are trading just entered in overbought zone with positive intersection where some rise in price is expected.  

RUPEE Bull Flag Pattern Breakout 3 months view

Rupee: Support 47.40 – 49 – 50 Pivot 50.60 Resistance 51.60 – 52.20 – 53.80

Rupee: A Flag (Bullish) follows a steep or nearly vertical rise in price, and consists of two parallel trend lines that form a rectangular flag shape. The Flag can be horizontal (as though the wind is blowing it), however it often has a slight downtrend. The vertical uptrend, that precedes a Flag, may occur because of buyers' reactions to a favorable company earnings announcement, or a new product launch. The sharp price increase is sometimes referred to as the "flagpole" or "mast". Flags are very similar to Pennants. However, with a Flag, the price trend lines tend to run parallel, whereas with a Pennant, the price trend lines tend to converge. A bullish signal occurs when the price rebounds beyond the upper trend line of the Flag formation, and continues the original upward price movement. This is considered a pattern confirmation. Looking at the chart of Rupee has started its rally from 44.80Per$ and after testing the higher level of 50.5 per$ it has been in the consolidation phase where on lower side it was taking support at 48.98 and 48.86 per$ just below 49 per$ and reversal in prices were seen from lower level. On higher side it was facing resistance at 50.5 per$ to 50.6 per$ and selling was seen from higher level. Recently it’s showing sign of give positive Breakout above 50.65 per$ indicating breakout of the Bull Flag pattern. Pole of the Flag started from 44.8 per$ to 50.5 per$ where the difference comes to 5.7 where if we look at breakout above 50.65 per$ expected target comes to 56.35 per$ in medium term. On the way up we might look at some resistance at level of 52 per$ and above 52 small resistance can also bee seen at 53.5 per$ and 55 per$ where some intervention can be expected from RBI side which might halt the Rupee for short term.

COMEX GOLD

Gold: Gold has been in the uptrend in the past few trading session where it has moved from 1604$ support and yesterday tested the higher level of 1803$ and after testing the higher level closing was seen negative at 1785 where the days low was posted at 1777$. Today after flat opening at 1785 taking support at 1780 level is trading at 1791 $ still in the range of 1798 $ resistance and support of 1777$ and either side move will confirm the further trend in market. On higher side immediate resistance is seen at 1805 where it has previously reverted and is showing the formation of Double Top around this level, where if sustain trading is seen below 1780 will move to test 1755 support immediately till the time this resistance level is holding. On lower side it is expected to move further down if support of 1750 is broken and will test the lower support of 1740 to 1720$ and further below 1720$ support will bring to 1700 - 1660 support level in medium term. Stochastic are trading in overbought zone where there is not further room for upside where short dip is expected and need to trade below 80% zone for confirmation of down trend.

Nov 7 , POSITIONAL GOLD SELL

 Gold Comex Sell  between 1780 ,
 TGT 1720 1670 1620
 Stop Loss 1808 CMP 1770
11/7/2011 15:56


1St TARGET ACHIEVED @ 1698 $  TODAY LOW
Booked partial profit = 8200 $ 

SILVER

Silver: Silver yesterday failed to cross the higher resistance level of 35.5$ and gave a good selling where on lower side it tested the level of 34.06 and closing was also seen at days low. Today after sideway opening at 34.08$ it is trading positive at 34.45$ where if sustain trading is seen below 34.3$ will test the lower level of 34$, where as only crossover above 35$ will bring to 37$ next resistance level. On higher side only on closing basis above 35$ will hamper the bearish outlook in silver where it will test 37$ on higher side. Immediate resistance is seen at 35$ and till this resistance is holding intraday expected to continue the down trend where if trading below 34 will bring to lower target of 33.5$ to 33$ can be expected. Stochastic is showing sign of negative intersection at overbought zone where if trading is seen below 80% zone will give short correction in price if higher resistance level is holding at 35$.

GOLD

Gold: Gold which has crossed the higher resistance level of 1700 is trading in range bounced at higher level where it notable to cross the higher resistance level of 1750 and immediate resistance is seen at 1730$. If we look at near term chart its forming Head & Shoulder Pattern Formation and is just forming right Shoulder where Neck Line is coming at 1700$ level. Today after opening was seen at 1710$ is trading at 1718$ level just near the support level of 1705$ where if sustain trading below 1700$ will bring back in the trading range where lower side support is seen at 1610$. On lower side immediate support is seen at 1705 ad if sustain trading is seen below 1700$ will bring to 1680 and 1660 level where as on higher side 1720$ is resistance and crossover above 1720$ will bring to 1740 level. On lower side it is expected to test the lower support of 1644 to 1640$ and further below 1640$ support will bring to 1620 - 1600 support level. Stochastic which were trading in overbought zone has drifted below 80% zone and is trading at 75% where some side way move is expected.

USD/INR: Rupee is taking support at 48.5 per$ to 48.6per$ area and bounce is seen from the lower level where on higher side immediate resistance is seen at 49.1 per$. Today the opening at 48.65 per$ but fails to cross the lower support of 48.5 per$ level. On higher side if sustain trading is seen above 49 will bring to 49.4 to 49.8 $, further above 50 per$ will bring to 52 to 53.5per$ in near to medium term which is expected target till the time 48.5$ holds on closing basis. I expect it to move upside beyond 50 in near to medium term for higher target. Dollar index which traded above 76 and was holding the support level of 76 and is trading at 76.55 where some range trading is expected where 76.4 is support and 77.4 is the resistance level. Rupee is expected to trade in range of 48.7per$ to 49.3per$ for the day. Stochastic has just reverted from the oversold zone and is flat near 15% zone indicating some side way move to continue.

USD/INR: Rupee yesterday tested the level just below 49 but fails to sustain below the same and closing was seen at 49.16 with the positive move in Dollar index. Today the opening is positive at 49.43 per$ but fails to cross the lower resistance of 49.5 per$ level. Immediate support is seen at 49.25per$ and further crossover below 49.25 per$ will bring to 49.1 to 48.9 on lower side. On higher side if sustain trading is seen above 49.4 will bring to 49.5 – 49.75per $ which is the resistance level and RBI intervention was seen at 50 per$, further above 50 per$ will bring to 52 to 53.5per$ in near to medium term which is expected target till the time 48.7$ holds on closing basis. I expect it to move upsdei beyond 50 in near to medium term for higher target. Dollar index after testing 76.56 gave a sharp reversal in price where yesterdays closing were seen above 77, and currently it is trading at 77.20 and is near the resistance of 77.3 level. Rupee is expected to trade in range of 49.7per$ to 49.25per$ for the day. Stochastic are trading in mid zone and with positive intersection is trading at 40% zone which indicates upside move can be expected.

COMEX SILVER OVERVIEW

Silver: Silver after retreating from the higher level of 33$ is trading in tight range where lower side support is seen at 31$ and is failing to cross the higher resistance level of 33$ and is trading at 32$. Today after positive opening at 32.25$ it is trading negative at 32$ at days low where on lower side immediate support is seen at 31.8$ and further crossover below 31.8 will move to test 31.6 to 31.2$ on lower side. On higher side only on closing basis above 33$ will hamper the bearish outlook in silver where it will test 36$ to 40$ on higher side. Immediate resistance is seen at 32.5$ and till this resistance is holding intraday expected to continue the down trend where lower target can eb expected. Stochastic has reverted from the overbought zone and has given negative intersection where some down side move can be expected with fall in price and may move towards mid zone.

COMEX GOLD OVERVIEW

Gold: Gold looking at 4 Hrs. chart is just hovering near the higher resistance line where its failing to cross the resistance level of 1690$ on higher side and is taking immediate support of 1650$ on lower side. Some rang bound move can continue for short term and either side trading beyond the said range will confirm further move. If sustain trading is seen above 1685 on closing basis will dismissed Bearish Pennant formation. Today after the side way opening near the level of 1683$ resistance is seen at 1685$ and is trading is seen flat. We continue to maintain bearish view on gold where rise will be a selling opportunity till the time 1690$ is holding on closing basis. On lower side if sustain trading is seen below 1675$ will bring to1650$ support and further below 1650$ will bring to 1610 – 1580 support level. Stochastic has entered in overbought zone with positive intersection which indicates some range bound move is expected till the time higher resistance is not taken over, where only below the support of 1650 will give short correction.

COMEX SILVER

Silver: Silver in last three trading session is trading in tight range where on higher side it failing to cross the higher resistance level of 33$ which it tested yesterday and its making higher bottom where support is seen at 31.5 level. Today after sideway opening at 32.53 it is trading negative at 32.36$ and is near to the support level of 32$ and next support is coming at 31.20$. On higher if resistance of 33$ holds then it’s expected to give selling pressure where 31.6$ to 31$ can be the expected target. On higher side only on closing basis above 33$ will hamper the bearish outlook in silver where it will test 36$ to 40$ on higher side. Stochastic are trading in overbought zone and is showing negative intersection and indicating short term top is placed where some selling can be expected, this bounce was just taking a breath in market before starting of the fresh down side rally.

COMEX GOLD

Gold: Gold looking at 4 Hrs. reverted after trading above higher trend line testing 1692 and is consolidating in the range of 1670$ and 1685$ range. If sustain trading is seen above 1685 on closing basis will dismissed the pattern formation of Bearish Pennant formation. Today after the side way opening near the level of 1674$ resistance is seen at 1685$ and is trading is seen at 1677$. We continue to maintain bearish view on gold where rise will be a selling opportunity till the time 1680$ is holding on closing basis. On lower side if sustain trading is seen below 1660$ will bring to1625$ support and further below 1625$ will bring to 1610 – 1580 support level. Further we expect the level of 1400 in medium term where at lower level around will be a long term positional buying may emerge. Immediate resistance is seen at 1685$ and till the time this resistance is holding on closing basis some range bound move can be expected, only above 1685$ on closing basis will hamper the bearish outlook where we have been selling from 1890$ levels. Stochastic which are trading near higher zone is trading flat where some correction in price will bring to lower zone with negative intersection where some sharp selling can be seen in prices.

USDINR CMP is 49.43 MCX-SX expected to test 49.8 level : RBI intervention is seen at 49.9 - 50 level .. expect to test 52 shortly till the time 48.2 holds on closing basis. 

we maintain bearish view on both crossover above resistance level will only hamper the bearish outlook for short term.

Silver CMP is 31.14$ :: Resistance is seen at 31.50$ and till the time its trading below the same resistance level its expected to test 30.80 to 30.55$ on lower side.

Gold CMP is 1674$ :: resistance is seen at 1680 and if fails to cross the same will move to test the level of 1666 - 1660 - 1654 level on lower side.

Bullion Overview

Gold: Gold gave sharp sell off after crossing the support level of 1770$ and after the crossover in just three trading session it tested the level of 1530$ just near the level of 1500$ support. After testing the level of 1530 bargain hunting was seen at level below 1550 and closing was seen near 1621$. Shot bounce was seen as short covering from the lower level and tested the level of 1677$ which was 38.2% retracement of the fall from the higher level of 1920$ to the lower support level of 1533$. We continue to maintain the negative view on gold till the time resistance is holding at 1677$ and falling below 1620$ will try to change the near term low of 1530 and may test 1440$ and 1400$ on lower side. Some range bounce move is expected in the range of 1680 and 1620 level and once the support is broken will continue the down trend. If sustain trading below 1600 will further bring to lower level of 1400$ in near term. Further if sustain trading above 1680 on closing basis will hamper the bearish outlook and will bring to 1750$ to 1770$ on higher side. Stochastic which has reverted from the oversold zone has moved flat and this rise is just looking like its taking a breath before the next down side move and with the price movement below the support level will reenter in oversold zone where some good down fall in price and be expected.