Gold Future
Gold (Oct) future may be bought above 29800 for 29950/30000/30400. No confirmed buy signal yet!
Silver Future
Silver has taken support in the mentioned zone and position may be added above 49750 for 50300/50500. No confirmed buy signal yet!
Friday, September 13, 2013
Intraday Post
Nifty Spot is in 70 point triangle. Breakout 5885 and breakdown 5815. Three waves done a-b-c now d & e left.. d should go to 5835-25 zone. From there it may bounce back towards 5870 again. Monday should be a fall day for Nifty. Please keep 5813 Stop loss for longs 5886 for shorts.
Alternatively (a) of b done (b) of b going on as triangle and (c) of b will go up later half today.
Nifty Spot is in 70 point triangle. Breakout 5885 and breakdown 5815. Three waves done a-b-c now d & e left.. d should go to 5835-25 zone. From there it may bounce back towards 5870 again. Monday should be a fall day for Nifty. Please keep 5813 Stop loss for longs 5886 for shorts.
Alternatively (a) of b done (b) of b going on as triangle and (c) of b will go up later half today.
Market likely to trade [5750/5770/5800 to 5960-6000] range for a few days (Nifty Spot). See EOD chart of yesterday.
Nifty Future
Target 3 5950-70 (T4)
Target 3 5935 (T3)
Target 2 5915 (T2)
Target 1 5890-5900 (T1)
Buy closer to 5865-70 (Buy Holding as well)
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Sell below 5860
Target 1/Sell more Below 5825-35 (buy here holding)
Target 2/Sell more Below 5810
Target 3 5780
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Bank Nifty Future
Target 2 10750
Target 2 10450
Target 1 10240-340
Buy near 10150 or holding 10070-100
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Sell below 10000
Target 1/Sell not crossing 9900
Target 2 9800
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