tech view

profit booking possible in dow ind index,only if close below 16050, we might see 15840-15760 levels in coming trading sessions.

exit short in gold if trade above 1266.

expecting downside in EUR/USD till 1.36414-1.36000,Stop will be above 1.37030, CMP:1.36870

bearish on nymax crude @ 97.65, stop is above 98.10,might see 97.25 – 96.85 levels…

Advertisements

Am cautious on market.

Am cautious on market, & didn’t expect more upside on both index.

its better to book long position & short weak stocks.

don’t see more downside below 61.00 in USD/INR Spot, right now.

didn’t see more downside below 1180 in GOLD on Comex. one can enter long with long term view at the level of 1180-1220.i don’t expect upper target more than 1275 in 1-2 month. trading range might be 1160-1285 for 2 month.