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Thursday, July 21, 2011

Nifty Daily Chart update - 21 July 2011 (double bottom-descending triangle)

Dear Members,

Hope you have enjoyed the rally and booked the profit as well, Nifty moved exactly the same as mentioned in my earlier updates on 23 & 30 June 2011. Nifty did bounce back from possible double bottom formed in June 2011 and on positive diversions in momentum indicators but failed to cross the 50% Retracement level @ 5767 (Nov10 to June11).

Nifty currently ranging between 50% and 23.6% Retracement levels 5767 and 5466 respectively, watch this range carefully for any sharp break up/down.

Happy Trading.

Thanks,
Commodity Daily

---------- Forwarded message ----------
Date: Thu, Jun 30, 2011 at 4:59 PM
Subject: Nifty Daily chart update - 30 June 2011


Dear Members,

Hope you have enjoyed the rally in Nifty as per my last update on 23 June 2011, below.

Nifty did bounce back 8% from possible double bottom as expected (Nifty update on 23 Jun 2011), now watch for 50% retracement level @ 5767 and Trend line resistance @ 5700 (If nifty able to cross and close above 38.2% retracement level @ 5632 today or tomorrow).

Happy Trading.

Thanks,
Commodity Daily

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Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use  your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.



---------- Forwarded message ----------
Date: Thu, Jun 23, 2011 at 6:28 PM
Subject: Nifty Daily chart update - 23 June 2011

Dear Members,

As you can see in the attached chart Nifty topped @ 6338.50 on 05-Nov-2010. Nifty was trading in range of 6200-5800 for a while before it breakdown below the triangle formed between this period on 11-Jan-2011 @ 5698 and completed our (600 point) expected correction by making bottom @ 5177.7 on 11-Feb-2011. As nifty was oversold it did break through the resistance level of 5600 on 25-Mar-2011 with gap and surged to 5944 level on 06-Apr-2011, which is near the 61.8% retracement level @ 5902 (Movement of 1160 point correction from Nov-2011 Top to Feb-2011 Bottom, also a trend line resistance - green line in the attached chart) and plummeted dramatically to 5328 level on 25-May-2011 as nifty failed to cross 61.8% level. After 600 point dramatic correction nifty rose 300 points to 5600 level again in first week of June 2011(the same resistance level faced in early Feb-Mar 2011 period) but failed to sustain at that level and made another bottom of 5195 on 20-June-2011. (which is nearby the earlier bottom formed @ 5177.7 on 11-Feb-2011, Possibly a double bottom )

In the period of 8 months (Nov-2010 to June-2011) nifty made three LH (Lower High) @ 6338.5 on 05-Nov-2010, @ 6181.05 on 04-Jan-2011, @ 5944.45 on 06-Apr-2011 and made possible double bottom @ 5177.7 on 11-Feb-2011, @ 5195 on 20-June-2011. Nifty 50% and 38.2% retracement levels are 5767,5632  respectively for the above said 8 Months of movement of Nifty from Nov-2010 to June-2011, Nifty must cross and close above this two levels to validate this possible double bottom. However, if Nifty fail to do so and break below this two bottom, it may correct up to 4600 level in coming moths. (Another view is forming from the chart is Nifty either forming big Triangle with 8 months time frame or Head and shoulder pattern with 6 month time frame, which is yet has to be confirmed)


Happy Trading.

--
Thanks,
Commodity Daily

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Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use  your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

Thursday, July 14, 2011

GLOBAL PIVOTS – MONTHLY – JULY 2011

Dear Members,

GLOBAL PIVOTS – MONTHLY – JULY 2011


** P M HIGH = Previous Month High, P M LOW = Previous Month Low, S  = Support  , R = Resistance

COMEX

COMMODITY

P M HIGH

P M LOW

 P M CLOSE

S4

S3

S2

S1

PIOVT

R1

R2

R3

R4

 + / -

GOLD SPOT

1558.25

1490.85

1500.35

1310.15

1377.55

1444.95

1466.45

1512.35

1533.85

1579.75

1647.15

1714.55

-35.45

SILVER SPOT

38.53

33.39

34.69

19.90

25.04

30.18

32.12

35.32

37.26

40.46

45.61

50.75

-3.83

CRUDE AUG 11

103.88

89.61

95.42

53.20

67.47

81.74

88.14

96.01

102.41

110.28

124.55

138.82

-7.85

 

 

LME

ALUMINIUM 3 M

2695.00

2482.00

2532.00

1921.00

2134.00

2347.00

2425.00

2560.00

2638.00

2773.00

2986.00

3199.00

-143.00

COPPER 3 M

9430.15

8864.75

9430.00

7578.78

8144.18

8709.58

9119.80

9274.98

9685.20

9840.38

10405.78

10971.18

215.00

NICKEL 3 M

23610.00

21337.00

23425.00

16111.50

18384.50

20657.50

22251.00

22930.50

24524.00

25203.50

27476.50

29749.50

-170.00

TIN 3 M

27950.00

24510.00

26050.00

15783.75

19223.75

22663.75

24257.50

26103.75

27697.50

29543.75

32983.75

36423.75

-1890.00

ZINC 3 M

2378.00

2157.50

2365.00

1649.38

1869.88

2090.38

2243.75

2310.88

2464.25

2531.38

2751.88

2972.38

99.00

LEAD 3 M

2685.00

2384.75

2684.00

1703.19

2003.44

2303.69

2522.88

2603.94

2823.13

2904.19

3204.44

3504.69

163.00

 

 

CURRENCIES

USDINR

45.1450

44.5750

44.6981

43.0652

43.6352

44.2052

44.4053

44.7752

44.9753

45.3452

45.9152

46.4852

-0.3619

USDSGD

1.2447

1.2263

1.2285

1.1768

1.1952

1.2136

1.2193

1.2320

1.2377

1.2504

1.2688

1.2872

-0.0049

EURUSD

1.4697

1.4074

1.4502

1.2575

1.3198

1.3821

1.4191

1.4444

1.4814

1.5067

1.5690

1.6313

0.0106

GBPUSD

1.6496

1.5911

1.6053

1.4373

1.4958

1.5543

1.5761

1.6128

1.6346

1.6713

1.7298

1.7883

-0.0395

SGDINR

36.5975

36.0938

36.3858

34.8546

35.3583

35.8620

36.1340

36.3657

36.6377

36.8694

37.3731

37.8768

-0.1462

DOLLAR INDEX

76.0150

73.5060

74.3030

67.0298

69.5388

72.0478

73.0985

74.5568

75.6075

77.0658

79.5748

82.0838

-0.3350

USDJPY

81.5700

79.7000

80.5600

74.9900

76.8600

78.7300

79.6300

80.6000

81.5000

82.4700

84.3400

86.2100

-0.9600

 

 

ASIAN & AMERICAN MARKETS

BSE

18873.39

17314.38

18845.87

13825.12

15384.13

16943.14

18130.91

18502.15

19689.92

20061.16

21620.17

23179.18

342.59

NSE

5657.90

5195.90

5647.40

4165.74

4627.74

5089.74

5445.58

5551.74

5907.58

6013.74

6475.74

6937.74

87.25

STRAITS TIMES

3181.53

2999.19

3120.44

2561.21

2743.55

2925.89

3034.92

3108.23

3217.26

3290.57

3472.91

3655.25

-39.49

DOW

12569.49

11862.53

12414.34

10193.73

10900.69

11607.65

12059.73

12314.61

12766.69

13021.57

13728.53

14435.49

-155.45

NASDAQ

2834.05

2599.86

2773.52

2043.06

2277.25

2511.44

2657.21

2745.63

2891.40

2979.82

3214.01

3448.20

-61.78

NIKKEI 225

9849.69

9318.62

9816.09

8122.56

8653.63

9184.70

9581.86

9715.77

10112.93

10246.84

10777.91

11308.98

122.36

This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.


COMEX

Technical Information

COMMODITY

52W H

52W L

20D MA

50D MA

100D MA

RSI 14D

ADX

GOLD SPOT

1577.57

1157.03

1523.95

1520.61

1486.69

59.06

15.81

SILVER SPOT

49.79

17.31

35.31

35.92

37.45

45.99

15.78

CRUDE AUG 11

115.52

76.56

94.78

98.88

102.78

43.93

20.48

 

 

LME

 

 

 

 

 

 

 

ALUMINIUM 3 M

2803.00

1947.50

2539.75

2584.17

2597.73

39.71

16.83

COPPER 3 M

10190.00

6470.00

9265.60

9099.66

9330.45

61.59

22.05

NICKEL 3 M

29425.00

18700.00

22638.75

23359.90

25163.65

52.01

26.16

TIN 3 M

33600.00

17350.00

25709.75

27053.70

29279.00

52.73

29.58

ZINC 3 M

2638.75

1776.00

2295.93

2241.92

2323.46

50.98

20.70

LEAD 3 M

2904.00

1755.50

2597.78

2503.41

2564.58

60.36

21.26

 

 

CURRENCIES

 

 

 

 

 

 

 

USDINR

47.3850

43.9750

44.7362

44.8317

44.8401

48.81

18.75

USDSGD

1.3870

1.2177

1.2319

1.2353

1.2465

46.21

15.75

EURUSD

1.4940

1.2523

1.4311

1.4335

1.4279

34.01

17.34

GBPUSD

1.6747

1.4965

1.6056

1.6223

1.6248

32.47

25.52

SGDINR

36.6515

33.6904

36.3161

36.3030

35.9395

53.65

9.55

DOLLAR INDEX

84.5570

72.6960

75.1049

74.9358

75.2486

63.79

19.17

USDJPY

89.1100

76.2500

80.6100

80.7800

81.5300

37.31

14.38

 

 

ASIAN & AMERICAN MARKETS

 

 

 

 

 

 

 

BSE

21108.64

17295.62

18351.71

18338.10

18551.45

55.96

22.68

NSE

6338.50

5177.70

5508.76

5501.32

5565.28

55.71

22.61

STRAITS TIMES

3313.61

2910.21

3079.49

3111.57

3097.66

52.98

18.73

DOW

12876.00

9936.62

12241.30

12375.85

12302.95

56.93

23.38

NASDAQ

2887.75

2099.29

2722.92

2762.64

2760.84

56.64

23.60

NIKKEI 225

10891.60

8227.63

9730.54

9659.73

9800.31

66.37

25.18


This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

--
Thanks,
Commodity Daily

You received this message because you are subscribed to the Google Groups "Commodity Daily" group.
To subscribe visit link http://groups.google.com/group/commoditydaily/subscribe 
To unsubscribe from this group, send email to commoditydaily-unsubscribe@googlegroups.com

BLOG : http://commoditydaily.blogspot.com , Twitter : Investmentdaily,  Facebook : CommodityDaily

Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use  your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

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