Hi Al,
Capital Market update -
After a strong opening markets continue to trade flat - Nifty sideways view intact
Currencies -
All 4 currencies trade in red. Short Term support area near -
USDINR - 54.75-54.60
JPYINR - 63.50-63.15
GBPINR - 88.30-87.50-87.05
EURINR - 72.80-72.30
Commodities -
Gold Mini - oversold with a divergence - Supports near - 30350-30100. Can be bought above 30600-700 with targets near 31000-31400 with a proper money management
Silver Micro - oversold with a divergence - Supports near - 57200-56600. Can be bought only above 58500 with targets near 59300-60000-61000 with a proper money management
Crude - Overbought - with resistances near 5045-5090 crucial level to watch out for will be 4875 for change in the uptrend
Warm Regards
After a strong opening markets continue to trade flat - Nifty sideways view intact
Currencies -
All 4 currencies trade in red. Short Term support area near -
USDINR - 54.75-54.60
JPYINR - 63.50-63.15
GBPINR - 88.30-87.50-87.05
EURINR - 72.80-72.30
Commodities -
Gold Mini - oversold with a divergence - Supports near - 30350-30100. Can be bought above 30600-700 with targets near 31000-31400 with a proper money management
Silver Micro - oversold with a divergence - Supports near - 57200-56600. Can be bought only above 58500 with targets near 59300-60000-61000 with a proper money management
Crude - Overbought - with resistances near 5045-5090 crucial level to watch out for will be 4875 for change in the uptrend
Warm Regards
