Nifty Vs. Commodities

Picture Perfect rally in Crude.  Nifty Plus Commodities and then only true money making!

No Posts Till tomorrow morning

Gold (Oct) / Silver

Gold / Silver exit positions, most of the targets was done.

Crude Oil

Targets done.

Gold , Silver update

Gold (Oct) Future

Long Call was initiated at 11.51 A.M with 29300 as Stop Loss now the Targets


Target3                   29700
Target2                   29650
Target1                    29520-50
Stay Long Holding 29380-400

Shorts only below 29300

Silver Future

Long Call was initiated at 11.51 A.M with 48500 as Stop Loss now the Targets


Target3                   50200-50
Target2                    49550
Target1                    49180-230
Stay Long Holding 48680-700

Shorts only below 48500

USDINR

Exit Here

USDINR

Book Profit in USDINR around 63.70-63.80

USDINR

Sell USDINR around 63.9-64 with 64.10 as stop loss target 63.7 - 63.65

ITC

Please book profit on ITC longs for the day.

Intraday View

Better to exit Nifty or Bank Nifty longs (If holding)  by EOD or Now and wait for Fed Announcement tomorrow.

Crude Oil Future

Is approaching 6745-55 is the potential resistance and Sell zone.  May be sold for 6720 around that area with 10 point Stop.  Bullish above 6760.

ONGC

ONGC Profit may be booked here

Crude Oil Update

Crude Oil Profit may be booked here

Intraday Update

Market is not yet showing the continuation of initial weakness Advance - Decline is 614 : 535 i.e. positive bias.  Unless market starts showing some great weakness,  my Pre-open view returns.

Gold (Oct) & Silver Future

Time to exit shorts and wait to see if 29300 holds for Gold,  if holds one can go long.
Time to exit shorts and wait to see if 48500 holds for Silver,  if holds one can go long.

Targets will be updated later

ITC Buy Call

Buy ITC in the range 337.75-340.85 with Stop Loss of 336.40 Target 345 / 351

Nifty Future Made a High of 5886 please exit & close call.

Nifty Future Buy Call

Buy Nifty future between 5865-76 range Stop Loss 5855 Target  5910 - 20

Intraday Post

Market is showing some weakness it is better to exit all longs & wait for clarity today.  

Nifty Future
5900+ longs can be initiated &  5850 - shorts can be initiated.  High caution needed.

Bank Nifty Future
10500+ longs can be initiated &  10200 - shorts can be initiated.  High caution needed.

Crude Oil Future

Target 3     6740-50
Target 2     6720-30
Target 1     6690/6700
Buy above 6665

Sell Below 6655
Target1         6510-30
Target2         6440-50

ONGC Future

Target1                      297-300 (Sell / Resistance Zone2)  
Target2                      291-93 (Sell / Resistance Zone1)
Target1                      285

Buy above/Holding  281

No shorting suggested and avoid it.

Pre-Market View

Yesterday was NR4/NR7/NR14 day 
Normally range expansion happens the next day or next to next day.  Considering the events lined up today may be one more day of consolidation and range expansion may happen tomorrow.  Better trading opportunity may emerge tomorrow. Buy on dips market till 5800 is broken decisively.

Nifty Future
Nifty future spike high 6029 should be attempted soon else market may fall.

T3              5935-45 Selling Zone
T2              5923 Selling Zone
T1              5909 Selling Zone

Buy above 5857-61(Also all dips towards it)
_________________________________________

Sell Below 5854

T1              5825-30  Buying Zone

Exit all longs if keeps trading below it.

 ========================================================

Bank Nifty Future

T3             10560-80
T3             10500
T2             10450-70
T1             10330-50

Buy above/ holding 10200-220

_________________________________________

Sell Below 10150

T1              10000 Buying Zone
T2               9850  Buying zone