Dailyanalysis
What will we do in Gold ?Gold Update:
Hello Everyone,
Gold is moving in the range as defined in the previous posts which you can see on my blog marketfightersequity.blogspot.in . So the bulls & bears all are silent now because of the monthly closing is on the way.
If you are holding shorts then keep same stop loss of closing above $1372. For Bears, day closing below $1322 will be a prime situation.
If you are holding Long then just keep the stop loss of closing below $1304. For Bulls $1348 & $1372 are important levels if come.
Utsav Babbar
Wipro - Short Term Trade SetupWipro daily chart is showing negative divergences with MACD and Stoch RSI. Today's Close is at 490 which is very near to resistance of 500. Also, possible pullback can be expected considering the today's close just above the boundary of upper Bollinger band.
These 4 reasons indicate the price pullback in next 2 trading days. Prices may test the resistance of 500 and then drop back to 470 levels.
Trade Idea = > Short Wipro below 487, target - 470, stoploss - 505.