OUTLOOK FOR COMMODITY OCTOBER 10
ALL THE RATES ARE WITH RESPECT TO SPOT PRICE.
Book 50 % profit in all initiated call at the distance of stoploss
Short term view:
Gold is already at major support zone for reversal or continuation. We will wait to break 30100 for buy trend with target of 30600 and 31500.For sell trend continuation we look for break 29250 with the target of 28800 and 28000.
Long term view: Gold has broken the support of 30500 and we look for target of 29500.For buy trend we look for breakout the major resistance of 31550 with the target of 32120 and 33340.
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
Short term view:
Crudeoil in short term is clearly in uptrend with major resistance @ 3450.Crudeoil has stong support zone of 3250. A close below 3250 will call for a trend change for a downside target of 3120.
Long term view:
Crudeoil HAS MAJOR RESISTANCE AT 3450.A close above 3450 will call for upside target 3535 and 3720.
Crudeoil has major support @ 3250.As per weekly chart A close below 3250 will call for a trend change.
OUTLOOK FOR Equity Market for Dec 8
Nifty for intraday has major points 8142 and 8114. Market if trades above 8141 and does not break 8114 a slight bullish outlook prevails. On breaking 8160 donít be short.
On the contrary if it breaks 8114 selling will start and if 8055 breaks then heavy selling.
Stocks to watch are Infy, ACC, Mc-dowell, M&M, Titan
9.15 am to 9.43 am bullish outlook specially bank teji from 9.20 to 9.5
9.43 am to 10.39 am Sideways market slightly bullish from 10.1 to 10.38
10.37 am to 11.43 am slight bearish outlook specially for bank
11.43 am to 12.29 pm Highly speculative market with positive bias
12.29 pm to 1.24 pm negative bias hour
1.24 pm to 2.19 pm positive hour market should move on upside
2.19 pm to 3.15 pm 2.28 to 2.57 and reversal from 2.57 to 3.30
1.20 to 1.25 is important time to trade