Get started

Indianmarket

GOLD WEEKLY OUTLOOK – AWAITING CPI & PPI IMPACT! GOLD WEEKLY OUTLOOK – CPI & PPI TO DRIVE THE NEXT MOVE! 🔥 GOLD REMAINS IN A RANGE – BREAKOUT OR CORRECTION AHEAD? 🔥 📌 Market Overview Gold continues to trade sideways within a wide range, despite last week’s disappointing Nonfarm Payrolls (NFP) report for the U.S. economy. Even though the jobs data was weak, gold failed to break a new high, indicating that investors may have anticipated the report. Key market focus is now shifting towards Trump’s trade policies & inflation rather than employment data alone. 👉 After the news release, gold reacted briefly but lacked strong bullish momentum, continuing to trade around $2,910 before closing the week at this level. 📉 TECHNICAL ANALYSIS – KEY PRICE LEVELS 🔹 Resistance Levels to Watch: $2,929: Immediate resistance; breaking this level could confirm bullish momentum. $2,943 - $2,954: Major resistance; a breakout here could push gold towards $2,970+. 🔻 Support Levels to Watch: $2,884: Closest support; breaking this could open the door for further downside. $2,872 - $2,859: Strong support zone where buyers may step in. $2,840: A critical level, especially if the upcoming CPI & PPI reports strengthen the USD. 📊 KEY EVENTS IMPACTING GOLD THIS WEEK 📅 CPI & PPI – The Major Catalysts Ahead 💡 Expectations: If CPI and PPI come in higher than expected ➜ USD strengthens, and gold may correct lower. If CPI and PPI are weaker ➜ USD weakens, and gold could break resistance to continue its uptrend. ⚠️ Key Technical Clues to Watch: Gold needs to break out of the $2,926 - $2,896 range to confirm a trend direction. Resistance at $2,926 - $2,928 is still holding, which doesn’t favor BUY setups yet. If gold drops below $2,896 - $2,884, the likelihood of a deeper correction increases. 🎯 TRADING PLAN 🔵 BUY ZONE: $2,874 - $2,872 📍 SL: $2,868 🎯 TP: $2,878 - $2,882 - $2,886 - $2,890 - $2,900 🔴 SELL ZONE: $2,944 - $2,946 📍 SL: $2,950 🎯 TP: $2,940 - $2,935 - $2,930 - $2,926 - $2,922 ⚡ CONCLUSION 📌 Wait for price reaction at key levels before making trading decisions. 📌 Focus on the $2,926 - $2,896 range to determine the main trend. 📌 Strictly follow TP/SL to protect your account and maximize profit! 💬 What’s your take? Will gold break higher or correct deeper? Drop your thoughts below! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
GOLD AWAITS NONFARM – BREAKOUT OR RETRACEMENT?GOLD AWAITS NONFARM DATA ON 07/03 – WILL IT HIT A NEW ATH OR CONTINUE ITS RETRACEMENT? 📌 Market Overview The global financial markets are on high alert as all eyes turn to the Nonfarm Payrolls (NFP) report – the most anticipated economic data of the month. 🔥 Geopolitical Tensions & Their Impact on Gold & USD (DXY): US tariff policies against neighboring countries and China continue to fuel uncertainty. DXY remains highly volatile, directly influencing Gold’s price movements. Investors worldwide are waiting for NFP results to determine whether Gold will break to new all-time highs (ATH) or undergo another correction. ⚡ Expected Price Volatility: Currently, Gold is trading sideways within a broad range of 2929 - 2892, holding this structure since the start of the week. Based on previous Nonfarm releases, Gold is expected to move 45 - 50 points today, possibly even 60 points! This presents high-profit potential for traders ready to react to a breakout. 📊 Key Support & Resistance Levels – Watch for the Breakout! 🔺 Key Resistance: 2920 - 2928 - 2943 - 2954 🔻 Key Support: 2892 - 2884 - 2872 - 2859 - 2838 🚀 Today's Game Plan: Gold is still consolidating sideways, with no clear breakout yet. Wait for a breakout confirmation, then follow the momentum. I will update fresh insights right before the Nonfarm release for a more precise strategy. 🎯 Trading Strategy for the Day 🟢 BUY ZONE: 2874 - 2872 ❌ SL: 2868 🎯 TP: 2878 - 2882 - 2886 - 2890 - 2895 - 2900 🔴 SELL ZONE: 2952 - 2954 ❌ SL: 2958 🎯 TP: 2948 - 2944 - 2940 - 2935 - 2930 📌 Important Reminders 💥 Nonfarm will trigger extreme volatility today – expect strong liquidity grabs! ✔ Stick to TP/SL to protect your capital against unexpected market swings. ✔ Wait for the breakout confirmation before entering trades – avoid FOMO! ✔ Control emotions & manage risk carefully – today’s market could be a game-changer! 📢 Are you ready for today’s market action? Stay updated and execute your trades with precision! 🚀🔥
OANDA:XAUUSD
by MMFlowTrading
GOLD SURGES STRONGLY – IS THE SELL SIDE TAKING CONTROL? Yesterday, Gold surged nearly 50 points, climbing from 288x to 2927.x, hitting the key resistance zone that I had previously noted. Immediately after, Gold made a sharp correction, signaling that the Sell side is regaining control in today’s session. 📌 Looking at the D1 timeframe, Gold still shows strong bullish momentum but has reached a critical continuation zone (IP – Important Price), where it has been reacting since yesterday. Today, we anticipate a potential reversal with strong selling pressure, making early SELL entries a solid strategy. 🚨 Key resistance to watch: 2933 – If the price breaks above this level, the BUY side will regain strength, and the SELL plan will be canceled. I will update a new strategy accordingly. ⏳ Trading strategy for today: 🔹 Focus on SELL opportunities in the Asian & European sessions. 🔹 Wait for confirmation in the U.S. session before adjusting the approach. ⚡️ KEY PRICE LEVELS TODAY 📌 Resistance: 2916 - 2927 - 2933 - 2945 - 2954 📌 Support: 2890 - 2886 - 2880 - 2875 - 2860 💎 TRADE SETUPS FOR TODAY 🔹 BUY ZONE: 2876 - 2874 SL: 2870 TP: 2880 - 2884 - 2888 - 2894 - 2900 🔹SELL SCALP: 2926 - 2928 SL: 2932 TP: 2922 - 2918 - 2914 - 2910 - 2900 🔹SELL ZONE: 2945 - 2947 SL: 2950 TP: 2940 - 2936 - 2932 - 2928 - 2920 🚨 IMPORTANT NOTICE 📊 Today's focus will be on the ADP NONFARM report – This key data will provide insights into the U.S. economy ahead of Friday's Nonfarm Payrolls (NFP). 📢 Traders should be extra cautious and strictly adhere to TP/SL rules to protect their accounts from potential volatility. 💰 Wishing everyone a profitable trading session – GOOD LUCK! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
GOLD MAINTAINS UPSIDE MOMENTUM AFTER ADP NONFARM DATA RELEASE🔺 Market Overview: Gold continues to maintain its bullish momentum, having reclaimed key resistance levels after the ADP Nonfarm report was released yesterday. Despite recent U.S. economic data and the uncertainty surrounding tariff policies, the USD has weakened following a brief recovery over the weekend. 🔺 Current Outlook for Gold: Given the economic news and the candle strength on the chart, I’m still looking for BUY opportunities in Gold. During the Asian and European sessions, we can anticipate BUY setups early, as Gold could reach the key resistance zones, offering good SELL scalping opportunities just like we saw yesterday at the 2928 - 2926 zone, which resulted in a 150-pip profit. 📊 Market Range Today: The price range today may be sideways as we await important Nonfarm data tomorrow. Pay close attention to the support and resistance levels. 🔸 KEY SUPPORT & RESISTANCE LEVELS 🔺 Resistance Levels: 2928 – 2942 – 2954 🔻 Support Levels: 2904 – 2894 – 2886 – 2874 ⌛ TRADING ZONE FOR TODAY 🟢 BUY ZONE: Entry: 2886 - 2884 Stop Loss (SL): 2880 Take Profit (TP): 2890 - 2894 - 2898 - 2905 🔴 SELL SCALP: Entry: 2942 - 2944 Stop Loss (SL): 2948 Take Profit (TP): 2938 - 2934 - 2930 - 2925 - 2920 🔴 SELL ZONE: Entry: 2954 - 2956 Stop Loss (SL): 2960 Take Profit (TP): 2950 - 2946 - 2942 - 2938 - 2934 - 2930 📌 Final Thoughts & Trading Tips: Key Levels: The key levels have been noted above. Pay attention to the critical support and resistance zones. Stay Focused: Today, the market is likely to be in a sideways range, so be patient and wait for confirmation before executing trades. Nonfarm Data: Keep an eye on important Nonfarm data tomorrow. This could trigger significant price movements. 💡 Reminder: Always follow your TP/SL levels to ensure safe trading and protect your capital. Trade with caution and stay disciplined!
OANDA:XAUUSD
by MMFlowTrading
WILL THE BULLISH MOMENTUM CONTINUE TODAY?GOLD REVERSING FROM A STRONG DROP – WILL THE BULLISH MOMENTUM CONTINUE TODAY? Gold experienced a highly volatile session, retracing to fill the GAP and provide liquidity for the lost price data area before rebounding in line with its primary trend. After a sharp drop, BUY momentum gradually returned, closing the daily candle with strong bullish pressure. Although the ISM Manufacturing PMI data came out positive, it had little impact on the price as market sentiment is currently focused on the new US tariff policies, which could add further pressure on safe-haven assets. So, will Gold continue its upward momentum today, or is this just a technical correction before further downside? 📉📈 Let's track the key price levels for a well-planned strategy! 🚀 ⚡️ KEY PRICE LEVELS TODAY 📌 Resistance: 2892 - 2906 - 2916 - 2930 📌 Support: 2880 - 2872 - 2858 - 2845 - 2835 💎 TRADE SETUP 🔹 BUY ZONE: 2846 - 2844 🎯 TP: 2850 - 2854 - 2858 - 2864 - 2870 ⛔️ SL: 2840 🔹 SELL ZONE: 2915 - 2917 🎯 TP: 2910 - 2905 - 2900 - 2896 - 2892 ⛔️ SL: 2921 ⏳ With no major news releases today, the expected price range is 30 - 35 prices. Stick to TP/SL to protect your account! 🚀💰
OANDA:XAUUSDLong
by MMFlowTrading
1
Nifty at a 1000-Day Trendline Support - Finally we are here !!Nifty is currently testing a confluence of two long-term trendlines – one from the monthly timeframe (blue line) and another from the weekly timeframe (yellow line). This 1000-day trendline cluster is a major reactive support zone, making this a make-or-break level for the index. 🔍 Key Observations: ✔️ The blue trendline represents a long-term uptrend, making it a crucial level for institutional traders. ✔️ The yellow trendline, which has also acted as a dynamic support, adds strength to this zone. ✔️ A breakdown below this cluster could open doors for further downside ✔️ However, if Nifty holds this level, a strong rebound can be expected, potentially continuing its long-term bullish structure. 🚀 What’s Next? A weekly close below this zone could accelerate selling pressure. If buying emerges, this could be a great risk-reward trade for swing and positional traders. Price action confirmation is key before making any major trading decisions! 🔥 Will this historical support hold, or is a deeper correction coming? Drop your thoughts in the comments! 👇
NSE:NIFTYLong
by Averoy_Apoorv_Analysis
GOLD FACES KEY RESISTANCE AFTER LAST WEEK'S STRONG DROP🔥 After reaching ATH early last week, Gold saw a significant correction, dropping to 283x before bouncing back from the strong support zone at 2833 - 2835. By the end of the week, Gold retested this level, surging 20 points and closing the weekly and monthly candle at 2857 – a solid position for the BUY side. 🟢 TODAY’S SESSION – GAP OPEN & CURRENT VIEW At the Sydney & Tokyo open, Gold continued to benefit from last week’s BUY momentum, creating a 15-point GAP and reaching 2870. So far in the Asian session, it has peaked at 2877. 👉 CURRENT VIEW: Gold is likely to drop back to fill the GAP (low liquidity) around 2854 - 2850 before continuing its upward movement. The price is currently reacting in line with this expectation. ⚡️ KEY LEVELS TO WATCH TODAY 📌 Resistance: 2884 - 2895 - 2900 - 2905 📌 Support: 2856 - 2850 - 2845 - 2835 💎 TRADE SETUPS FOR TODAY 🔹 BUY ZONE: 2835 - 2833 🎯 TP: 2840 - 2844 - 2848 - 2854 - 2860 ⛔️ SL: 2830 🔹 SELL ZONE: 2904 - 2906 🎯 TP: 2900 - 2896 - 2892 - 2886 - 2880 ⛔️ SL: 2910 📢 IMPORTANT NOTES 📆 Today marks the start of a new week and month, so it's crucial to closely monitor price reactions. Key economic reports like ADP and NFP are scheduled this week, so risk management is essential. Stick to TP/SL levels to protect your account!
OANDA:XAUUSDShort
by MMFlowTrading
2
SRF - BREAKOUT TRADE OPPORTUNITYSymbol - SRF CMP - 2750 SRF Limited, a diversified global player, operates in segments like chemicals, textiles, packaging films, and fluorochemicals. The company is a leader in its respective industries, offering products across industries ranging from automotive to pharmaceuticals. With a strong presence in both domestic and international markets, SRF has built a reputation for delivering innovation and sustainable solutions. SRF stock has recently broken out of a significant resistance zone that had held for the last 3.5 years, signaling a potential shift in its price action. This breakout is a critical technical event, as it suggests that the stock may now enter a new phase of upward momentum, having overcome a major hurdle. Currently, the stock is in the process of retesting this breakout zone, which is a natural price action behavior that presents an attractive entry point for long positions. The stock is now trading at around 2750, providing a solid opportunity for investors who are looking for a favorable risk to reward setup. Looking at the broader technical picture, the target for this breakout is 3500, which aligns with past resistance levels and technical projections. Given the strength of the breakout and the current retest of the breakout zone, this suggests that the stock could head toward the target level over the medium term. The stop loss for this trade can be placed at 2500, which provides a reasonable cushion in case the price action reverses. From a fundamental perspective, SRF's consistent performance across its diverse business segments, strong market positioning, and impressive growth outlook support the case for a potential long-term bullish trend. The company’s fundamentals, coupled with this technical breakout, provide a solid base for investors to initiate long positions at these levels. In conclusion, SRF’s recent price action and technical breakout suggest a promising opportunity for medium to long term investors. The stock offers a favorable risk to reward ratio at its current price level, and the target of 3500 looks achievable over the medium term. The downside risk appears manageable, with the stop loss placed at 2500 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:SRFLong
by akshit_official
6
DIIs Buying Every Day: What They Are Buying in a Falling Market?Hello Traders! In today's post, let's talk about an interesting phenomenon in the Indian stock market. Despite the market showing signs of falling , we are consistently seeing DIIs (Domestic Institutional Investors) buying in large quantities every day, with numbers around 3,000-4,000 crores daily. So, what does this tell us? Why are DIIs continuing to buy despite the market's decline? Key Points to Understand: DIIs are investing heavily: While retail investors and FIIs may be cautious or pulling back, DIIs are buying, possibly indicating that they believe the current market price is undervalued. Tracking their moves: To understand where the money is flowing, we need to track the stocks that DIIs are buying. Are they focusing on large-cap stocks, sectors with growth potential, or defensive sectors? Possible market confidence: This continuous buying might signal confidence from domestic institutions, showing they believe in the long-term growth potential despite short-term volatility. What does this mean for us?: As retail traders, it’s crucial to track DII buying patterns to align our strategies with their actions. If DIIs are buying into a stock or sector, it could be a strong signal that it’s worth considering for your portfolio. How to Track DII Purchases: Follow the DII data: Most financial platforms and stock market websites show DII buying/selling data regularly. Look for trends: If the same stocks are being purchased consistently, there could be something significant happening in those companies. Be patient: Even if the market seems to be in a downtrend, the sustained buying by DIIs can provide confidence for long-term investors. Conclusion: DIIs are not just following the market, they are actively buying in the face of adversity, and this can be a crucial indicator of future market movement. Keep an eye on what they are buying every day, and align your strategies accordingly. Remember, they are in the market for the long-term, and if they believe in it, we should too.
NSE:NIFTYEducation
by TraderRahulPal
6
Nifty about to TRAP longs... Bullish? Think AGAIN!Hello traders! I'm looking at equal lows/sellside as the draw. My narrative is that we would take out any longs remaining with BUYSIDE at 23144.70 . If we gap up above buyside, which is what I expect, it would be an easy day for shorts. If we gap down, we may see a rush up to buyside and then take the move forward to SELLSIDE at 22786.90 . But whatever the gap scenario is, my draw remains towards 22786.90... GLGT! Not financial advice.
NSE:NIFTYShort
by SatyajeetPSahai
1
IPCA LABORATORIES - RETEST OF SUPPORT BREAKDOWNSymbol - IPCALAB Ipca Laboratories has recently experienced notable price movements, trading near resistance levels after a good pullback from lower levels. Currently, the stock is trading near major resistance zone, which follows a period of strong recovery from its earlier lows. However, the trend appears bearish, and the sentiment is negative. This increases the likelihood of a sell-off from the ₹1500-₹1540 resistance zone, where the stock may face significant selling pressure. Despite the recent price recovery, the stock is encountering selling pressure near these resistance levels, reflecting a similar trend seen in many healthcare stocks due to changing investor sentiments. As with other pharmaceutical companies, the stock could face volatility due to external factors such as regulatory updates, changes in pricing strategies, or new competition in the market. Despite short-term fluctuations, the stock remains resilient due to strong fundamentals and an ongoing focus on key therapeutic segments. However, the short-term outlook might face a correction. This could trigger a move towards lower levels, but long-term growth remains intact based on strong earnings prospects and solid market positioning. Key Resistance levels: ₹1500, ₹1540, ₹1548 Key Support levels: ₹1460, ₹1434, ₹1400 There are no signs of a significant trend reversal, and growth could resume from lower levels should the stock maintain its strong performance fundamentals. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:IPCALABShort
by akshit_official
BULL FLAG FORMATION IN ADANI GREEN ENERGY - SWING TRADESymbol - ADANIGREEN CMP 988 Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. In Adani Green Energy, a bullish flag formation has developed. A breakout from this formation is expected to drive the price towards 1240, representing an approximate upside of 26% from the current level. I am initiating a long position in the Futures at the current market price 988 Additionally, I plan to increase my position near the 970-965 price range and will maintain the long position with a stop loss at 938 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ADANIGREENLong
by akshit_official
NIFTY BANK: Will It Bounce Back or Continue Falling? NIFTY BANK remains trapped in a falling channel, with key support and resistance levels coming into play. As the price consolidates, traders are watching closely for signs of a breakout or further downside movement. Key Points: 1. Resistance Zones: - 50,926.75 - 50,689.45 - 50,444.40 - 50,204.15 2. Support Levels: - 49,957.80 - 49,721.60 - 49,473.10 - 49,259.55 3. Current Setup: - NIFTY BANK is trading within a falling channel, indicating bearish momentum. - The recent bounce from the lower support zone suggests possible short-term recovery, but resistance levels overhead could limit upside moves. - Key Fibonacci retracement levels align with the channel's resistance, adding weight to the potential breakout or rejection. How to Trade This: - Bullish Strategy: - Look for a breakout above 50,204.15 with strong volume. - Targets: 50,444.40 and 50,689.45. - Stop Loss: Below 49,957.80. - Bearish Strategy: - If the price fails to sustain above 49,957.80, consider short positions. - Targets: 49,721.60 and 49,473.10. - Stop Loss: Above 50,204.15. Bottom Line: NIFTY BANK is at a critical juncture, with the potential for either a breakout to the upside or a continuation of the downtrend. Keep an eye on key levels and trade with caution, as the next move could be decisive! NSE:BANKNIFTY Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:BANKNIFTY
by thetradeforecast
3