Get started

GOLD-SILVER

Bank Nifty Outlook for Tuesday, 28th July | 50x InvestmentsBank Nifty - Technical Analysis: Bank Nifty had a gap down opening and continued downward, closing 3.5% down. Bank Nifty breached the 22000 level before holding the 61.8% retracement level. Market - Driving Factors: Aditya Puri, Managing Director of HDFC Bank, sold over 95% of his stake in the company. Multiple other insiders sold their HDFC Bank shares over the last week. Gold is up over 2% and silver over 7% today, indicating that another shift to safe haven assets might occur soon with the uncertainties about equity markets rising. Bank Nifty - Outlook for Tuesday, 28th July: The bears are strengthening their grip on the market indicating that we might be in for a sharp market correction in the coming few trading sessions. A measured move to 21700 levels might be seen early in trade tomorrow. Nestle India and Ultratech Cements are scheduled to announce their quarterly results tomorrow. Ultratech Cements' results will give markets an estimate about the condition of the realty and infrastructure sectors.
NSE:BANKNIFTYShort
by Algokart
7
India VIXAlmost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold & Silver breakout and USD/INR which is very close to a breakout above 70.40 (in this case it should be noted that US$ is so far fairly muted against major currencies). We could initially see the Standard Deviation variation between Equity > Commodities / Currency expand. As a result, firstly the range will get broader, secondly price movement/reaction will be faster. Hence, option writing as Jan series gets into momentum might not be a safe hedge as it has appeared in NOV-DEC. Positional traders might get caught on the wrong side time and again as Swing traders are going to love the series
NSE:INDIAVIXEducation
by Dinesh_C_Nagpal
1
Gold posted a handsome recovery yesterday (Oct.1)Gold posted a handsome recovery, not only broke a price channel on the upside but also breached another important range 1483-1511, where it has spend several weeks in recent past. It did spend some time above 1483, and corrected a little towards the closing. 1483 is a strong resistance, if and once it is breached too, it will start acting as a resistance. Long positions can be initiated: 1.) once it breaches yesterdy's high. 2.) manages to close or spend good time above 1483 levels. 1474 or 1468 can be the stops for long positions. RSI too is indicating a smart recovery. Beyond technical charts, the news flow is quite supportive of a rally, weak US manufacturing data, Australian Central Bank cut rates to historic low levels, WTO cut growth forecast (for global trade), China and India had to offer stimulus to save or revive economies are the recent developments that may push the prices upwards in near future. Please remember to like this post, if you find it worth, do share your opinion in posts. You may also follow me for similar updates and opportunities in bullion, Nifty and BankNifty.
TVC:GOLDLong
by ipuneet
Just the Beginning OUR CURRENT POSITION GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385 SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed) At the moment of writing this article/idea our full net short position in gold,silver and mining stocks is well justified from the measurement of risk and reward The precious metals market reversed and declined just as we had been expecting it to,and our current year's profit from our short position further increased but it seems that this is just the beginning,Today's idea will be rather short as our previous thoughts on precious metals sector is well up-to-date Gold miners moved visibly lower yesterday and it seems that this fact confirms that the pattern remains intact. The implications continue to be bearish
FX_IDC:XAUUSDShort
by NeerajPandey