From 11th July 2022 USDPKR moved from 203 to 240 ....Pakistan economy ...big problem in coming days
After 7 months of fall, gold is reversing. Go long.
Breakout above resistance zone, need weekly close above 34281 ....
In July, Nifty has shown strong reversal, this month it needs to close above 17800,then Nifty can move towards new high by Diwali. This month target 17700
US 10 year Bond yield - Long Term downtrend will end soon.
Long HDFC Bank with stop loss of 1535 1st Target 1605 2nd Target 1655 3rd Target 1690 Duration 20-25 Trading sessions
Unlike Dow, Nifty is still looking strong. 18 month of bull rally. Need to close below 17000 for reversal. Negatives - Falling INR, rising crude (petrol & diesel prices), rising gas prices. Waiting for next month close for more clarity.
17 month Bull rally in danger. Still early days, but once on monthly basis Dow closes below 33800, carry short Target 28500-29000 in next 2-3 months SL 35500
Gold has crucial support at $ 1680, possible reversal in 1-2 month, BUY near $ 1700 .........1st target $1825, 2nd target $1905 SL $ 1680
On monthly basis, USDINR is in uptrend. Go long Keep SL of 72.5, once closes above 75.75...next target 78-79
Crude is boiling again. Target $83.3....going for double top.
Monthly view: still in downtrend. Close above 1.75% will open gates for 2.5%. So for short term keep an eye on 1.75%
Once Bank Nifty crosses 30950 ....next target 31500 - 32000 SL 30000 Buy CE 31000 31 Dec 2020 @ 250 Sell CE 31500 31 Dec 2020 @ 85 Max Loss (Per lot) Rs.4125 Max Profit (Per lot) Rs.8375
Nifty (Weekly Chart) - Short ...Bearish Flag Pattern ...this week hanging man candle...break below 9500 will confirm downtrend
CMP 3041 ---first time trading below upper trend created from 23rd March 2020 ..failed to close gap area 3141-3161 ...5th June -10th June Trade created Island reversal Close below 3000 will open gates upto 2700 ....stoploss 3161