Nifty /Gold / USDINR - The Important Juncture Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships"
Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well.
Wish You all a Happy & Colorful Holi
This video idea talks about long term outlook on various asset classes such as
Gold
USDINR
Nifty
& get some clue for these asset classes.
Starting with last stock update - Indusind Bank which was published in Jan 2020 & suggested the fall from 1565 to 1050 - all targets were done & stock touched the channel bottom at 913 lows. Kindly check the idea below
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Indusind Bank - Never miss channel bottoms
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USDINR Ideas
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24th March 2019 Idea - USDINR - The Box Match at 69
10th Jan 2020 Idea - USDINR - The Next Path (Holding 70.35 - Expect 72.25 & 74.50
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Gold Futures
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17th Sep 2018 Idea - Plausible 1350-1375 Zone
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India Nifty
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29th Feb 2020 Idea - Nifty (India -Buy & Hold) - C-Wave or Corona Wave - What Next ?
12th Jan 2020 Idea - Nifty - Stellium Effect - How I cracked the top at 12295
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Thanks for checking the idea. Wishing you all once again a happy holi -
Comex
Nifty/Comex Gold -Solving Explosive puzzle with Golden ShineDisclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Comex Gold
Trading above 1490$ - There is room for gold to move 80-100$ upside in 1580-1625$
Later below 1490$ - It can slip to 1410/1265/1050$ as per long term strategy.
Nifty Index
Holding below 11310-11325 – Bias remains negative & whole explosive rally of last trading day could fizzle out & Index could slip back to
Target 1-
11140-11150
Target 2-
Below 11140 – target is 11080-11090
Target 3-
Below 11080- Expect 10950
Target 4-
Below 10890– Expect 10750
Target 5-
Below 10740– Expect 10580-10615
Note – Above 11325 – This idea gets invalidated
Gold - Golden Triangle Journey- 2018Trading Strategy
Plan A
Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Plan B
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Plan C
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Plan D
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which was expected in tha last published idea.
Also, If you get time -do visit the three places which appear to be golden triangle on India Map- Delhi , Agra (Taj Mahal) & Deserts of Rajasthan and explore more about Indian History.
Humayun's Tomb (Delhi)
Taj Mahal (Agra)
Jama Mosque (Fateh Pur Shikri)
Hawa Mahal (Jaipur)
Wish you once again Merry Christmas & Happy New Year 2019
Thanks for watching the video and your precious time.