OUTLOOK FOR COMMODITY FOR 11th August
Outlook for current week will be teji till it trades above 28250.GOLD FOR ENTIRE YEAR WE ARE VERY BULLISH FOR TARGET 36000
Gold FOR Coming days, WILL BE HEADING TOWARDS 29000.....JUST REMEMBER THE DAY GOLD TRADES ABOVE 29100....JUST BE HEAVILY BULLISH....GOOD JUMP IN ONE DAY WILL BE OBSERVE IN GOLD
Today gold is in bullish mode above 28600. Gold can be bought above 28600 for targets of 28950,29150.
Below 28600 one can sell for the targets of 28250, 28100.
We are very bullish on silver target for 64000. Exact Entry and timing please join our subscription.
Silver is bullish for coming month till trades above 41500. It is heading for target 48000.
INTRAWEEK BULLISH ON SILVER ONLY IF TRADES ABOVE 45600. It can see the level of 48000
ANY DIP AROUND for intraweek 43500-43800 WILL BE THE BEST ENTRY ZONE FOR LONG TERM TARGET 64000.
For the day silver will be in bearish mode below 43200. Silver will be sold in a day below 43200 for the targets of 42800 and 42300. If silver does not fall below 43200. One can expect buying in silver counter
Bullish on copper if it trades above 440. For the target of 448 & 454
WEEKLY bullish on copper only above440
For today copper can be sold at higher levels for the targets of 426and 424.
Nickel should be sold for target 1080...very bearish till it tardes below 1110 and intraweek below 1110 sell nickel...on rise 1150 best level to sell with 1162 as stoploss.
For the day nickel had a strong support at 1110 & if falls below same, heavy selling can be expected. One can sell at higher levels for the targets of 1110and 1100
NATURAL GAS CMP:243.3
Intraweek natural gas has best support around 245-248 AND THEN 237 FOR TARGET 290....NATURAL GAS HAS A FORMATION WHICH SHOWS IN NEAR TERM THERE IS HIGH PROBABILITY FOR NATURAL GAS TO COME TO 170-150 ZONE......IF NAT GAS BREAKS 235......HEAVY SELLING PRESSURE.
Natural gas has resistance around 250-255.levels.natural gas has formation which shows in near term
There is high probability to come to 170-150 zones. if natural gas breaks 235 heavy selling pressure is there.
Today natural gas has strong support at 238 and Selling is advisablebelow 248 with stoploss of 250. if it trades below 238 natural gas will become bearish and can be expected 233-232 levels as well
ZINC, TILL THE TIME TRADES ABOVE 140, CAN HEAD FOR TARGET 170.
For the day zinc is showing mandi and can be sold below 140 for the targets of 138,136.if trades above140 bullishness is expected
for the day lead had a strong support at135. Below 135 we can expect short term bearishness in lead. Long term out look is Bullish above 130.
CRUDE, best support is around 5950. If trades below 5950 we expect crude to fall till 5750-5720.
And if trades above 5950 we are bullish....crude has strong support at 5950-5940...if broken then only think of bearishness else heading for target 6280
For the day, Crude has best support around 5930. One can go bullish with stoploss of 5930 for the target of 6050 and 6080. If crude falls below 5930 for the day one can expect selling in the counter. If crude trades below 5930 we can expect the targets of 5900, 5870.
IF crude trades above 5930 in intraweek, it is heading for the target of 6300.
OUTLOOK FOR Equity for 11th August
ALL THE RATES ARE WITH RESPECT TO SPOT PRICE.
Book 50 % profit in all initiated call at the distance of stoploss
Be bullish in the market only if nifty trades above 7850......else nifty can head for target 7450 and 7100 in coming days
Intraweek 7650-7670 is very good zone to sell nifty for above mentioned target
Pressure period for nifty is 15 th july to 15 november
Always Make your trade no profit no loss by booking 50 % at distance equal to stoploss and for remaining wait for the targets.
INVEST YOUR MONEY IN PENNY IN LEARNING IF YOU WANT TO BE ACE TRADER AND FIND THE PATH OF FINANCIAL FREEDOM
Bank Nifty CMP: 14765
BANK NIFTY SHALL FACE RESISTANT AT 15300-15400
Intraweek if nifty trades around 15250- 15300 be bearish for target 14800 and 14450 .Last week target achived..now for current week 15100 is best selling zone with 15301 as stoploss and target 14450
Reliance CMP: 980
RELIANCE will find the best support around 960-980 .Buy around this level with 929 as stoploss... for current week if reliance trades around 960 buy with 949 as stoploss--- it will be heading towards 1080 1140
SBI CMP: 2417
Intraweek sbin be in bearish mood below 2730.....sbin will be heading for target 2450....last week target achieved..now a bounce is not rules out if 2349 not broken sbin will be heading for 2549....
Current week we expect sbin to touch 2370-2360 with2339 as stoploss....just go long in sbin
Tata Steel CMP: 538.5
TATASTEEL do mandi ON PULLBACK AROUND 555-558 ZONE WITH 570 AS STOPLOSS
DLF CMP: 194.1
Dlf, for current week can head for target 187-185.....very bearish below 200 185-187 good buying zone for dlf..ALREADY TOUCHED 190...BE BULLISH IN DLF ONLY IF TRADES ABOVE 206 OR GOOD BUYING ZONE TO BUY IS 185-186
Rel cap CMP: 559
Relcap for current week best selling zone is590-593 with 600 as stoploss for target 510-515 in coming days.;...call initiated last week ...hold for target 510-515...current week any pull back is selling opportunity 578-582 best zone to sell