Crude looks for targets near the 54/55 zone in the next 2-3 months. stops near 47.5 closing basis.
Bullish MACD crossover on 4 hr chart supported by moving average crossovers.
Bullish break on massive volumes.
Breaks above minor resistance at 324 and trading range. Stop loss @304
Down wave completed. Buy Dish TV which is seeing accumulation at lower levels. Targets 86-92 Range in 1 month.
Stock poised to move above 62% retracement level and could target 235/240 in the coming quarter.
Unitech breaking out on huge volumes. Fundamentally not a great stock but when technicals improve need to watch out.
USDJPY has broken support on 4 hr chart. Next level of support of 111.73. Stop @ 113.5. Target 110/110.5 range. KST has moved into negative zone as well supporting the bearish view.
Copper may be ready to challenge 2.80 levels and move higher. Rising from strong support levels of 2.45.
S&P 500 continues to grind upwards but price momentum slowing. Time to book some profits. I continue to be bullish till close below trendline support.
British pound poised to move to 1.32 to 1.33 levels on break of donchian upper bullish channel break. Stop @1.2650
Short with stop @9710. Downward move possible in the coming weeks.
Gold is locked in range between zones of resistance 1280/1300 and 1140/1160 support. We need to watch for move out of this pattern.
Positive divergence emerging in 60 min charts could signal a relief rally. Gold could rally to 1260/65 in the next 3-4 days. Stop loss 1225.
The monster rally continues and stops need to be moved to 9350 level. Time to let the profits run. This could be the last leg of the impulse and can be very swift.
Bank Nifty near crucial support zone of 22450/500.
Risk Reward in favour of Bulls. Targets 65 to 65.5. Time frame 1 month. Technical picture improving due to positive MACD divergence.
Nifty must be assumed to be in uptrend till 9250/70 level is violated. 9450/9500 could be an ideal level for Bears to test this market.