PradeepRajput

PradeepRajput

As with Gold so is with Silver. Still no visible Buying Watch the Green Area for Critical Support

PradeepRajput

Commercials are Bullish but still no sign of Buying. i will Keep a watch on 1100 Level and see if buying interest generates around that level.

PradeepRajput

I will Favour Shorts Below 49.50 and Longs above 54.50 with bias towards Shorts Happy Trading and Happy Christmas.

PradeepRajput

With a Positive USDINR, if Vix Starts pushing UP towards 16 and above, expect NIFTY to start pushing down

PradeepRajput

Gap UP on Monday, Distribution and the kind of price action of last 2 Days, I am staying away from this market for the time being. i will be interested in going long only between 55-60 Level.

PradeepRajput

VIX has to keep pushing UP for weakness to continue in NIFTY.

PradeepRajput

Not much to add to Last Weeks Analysis, except that i have also added Open Interest to the chart. You can well see that Open Interest is at Record High for Last 7 Years. In fact it is at all time record high for last 25 Years. So be Careful. With Bearish COT Commercials and record high OI, My Bearish call has a solid backing and reasoning

PradeepRajput

In Continuation with my Last weeks commentary, I am patiently waiting the test of the Breakout AREA. However keep in mind, The intensity and structure of the test will be very crucial before taking a decision to go Long. But Seasonal s and Technical s Favour LONGS. Happy Trading NG!!!

PradeepRajput

Crude Oil Again Testing the Crucial 50-52 Zone/Area. If it fails to break UP here, it could well be formation of Triple TOP. With COT Commercials Starting to turn Weak this may well happen. But i am not in a hurry to Jump to Conclusions. I will be interested in this market ONLY if Either it starts closing above 52 on Daily Charts (For LONG) OR it Starts closing...

PradeepRajput

Bullish COT. Diverging but still Weak Momentum trying to turn positive. The green technical area barely trying to hold itself. SILVER (posted) looking much stronger. Huge selling behind the present down move. With these conflicting, confusing and diverging signals, perhaps Silver will provide a much clearer future direction for precious Metals Complex. If...

PradeepRajput

Silver Interestingly Poised ? Nicely Holding the Green Area ? Bullish COT Report, Momentum Diverging on W, D & 240 min Charts. With that in the background if the 4 Hour start closing above 16.250, the momentum can take it to 18.350. Again 18.150 is Crucial area, if it is able to SOLIDLY sustain the up-move above 18.250-18.300 area, then medium term Silver is in...

PradeepRajput

Century getting ready for a push down.

PradeepRajput

The Critical Price Zone support holding till now. But the price action is not very encouraging for LONGS. Start thinking about going LONG Gold, only when it trades above 1200 Level DECISIVELY. BUT IN THAT CASE DO WITH VERY STRICT STOP LOSS as there is still very large selling in the background.

PradeepRajput

With Limited possible upside, distribution may soon begin. Be Careful with LONG entries.

PradeepRajput

For coming several weeks, i will advise to trade NG on Long Side. Albeit with a good entry method and a strict stoploss.

PradeepRajput

Nifty giving signs of another leg down. Stay Alert

PradeepRajput

The move Down from 68.85 Level in USDINR Looks Corrective, till the time it does not break the bottom of the corrective channel decisively & impulsively. It can be a very good place to go long with very little risk. Probably one more push above the recent highs?

PradeepRajput

For Nifty to Go Down Further, I am expecting VIX and USDINR to start pushing UP.