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.