April 14, 2014

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NCDEX Castor: Medium Term Bearish

    NCDEX Castor prices after falling from highs was moving in the ascending channel as shown above in the daily chart. Price was contained between upward sloping parallel lines (C- C1). Recently price has given a breakdown of the lower band of the upward sloping trend channel. This indicates resumption of the previous down [...]

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April 14, 2014

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MCX Copper: Short Term Bullish

  We maintain our bullish view on MCX Copper as prices are trading in a primary down trend indicated by lower tops lower bottoms. Prices after making double top at 512.65 declined sharply indicating down trend. Recently prices have taken support of long term support line S placed at Rs. 397 on weekly chart. We [...]

April 14, 2014

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MCX Crude oil: Short Term Bearish

  We maintain out bearish view on MCX Crude oil as price is trading in a primary uptrend indicated by higher high higher lows. Prices after making all time high fell sharply towards 5640. Recently prices have given false break out of resistance line R at Rs. 6280 and have resumed downtrend with the close [...]

April 14, 2014

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MCX Gold (April): Short Term Bearish

  MCX Gold as prices on weekly chart as shown above are trading higher after taking support at Rs. 28075. Prices failed to trade above the previous week’s doji candle stick pattern fell sharply taking resistance at Rs. 30800. Prices have formed bearish engulfing candle stick pattern on weekly chart which is a reversal signal. [...]

April 14, 2014

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NCDEX Kapas: Short Term Bullish

    NCDEX Kapas price is in a primary downtrend indicated by lower tops and lower bottom. However, recently price has completed the retracement level of 423.6% at Rs.843. prices have also given break out of short term resistance line R at Rs. 870. The rally with higher volumes is confirming short term reversal of [...]

March 27, 2014

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7 Principles to Help You Invest In Indian Stock Market

How diversified are your investments in the stock market? Chances are that you have understood the question or you haven’t, and you are trying to figure out the right answer that will impress the person who has asked this question. Investing in the stock market is not only about making profits, it’s about understanding the [...]

March 25, 2014

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NCDEX Sugar: Medium Term Bearish (Daily Chart) 31st Jan

    NCDEX Sugar price has been trading within the downward-sloping trend channel R-S since the past six months forming lower tops and lower bottoms. The price has recently broken the previous contract low at Rs 2720 and trading well below it showing further weakness. A test of immediate support at Rs.2700 (S) level looks [...]

March 25, 2014

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MCX Gold : Short Term Bullish 18th Feb

  We maintain our bullish view in MCX Gold as prices after are forming a medium term bottom near Rs. 28075 after a decline from all time high of Rs. 35074. The price has recently taken support from the support line (S1) at Rs.28075 and further the price gave a sharp pullback retesting the support [...]

March 25, 2014

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MCX Crude Oil: Short Term Bearish 18th feb

  MCX Crude oil as prices are in a primary up trend indicated by lower tops lower bottoms. Prices after making all time high at 7784 fell sharply towards Rs 5752. Recently prices reversed from support line S1 placed at Rs. 5635. However after making high at Rs. 6280 failed to sustain at higher levels [...]

March 25, 2014

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NCDEX-Turmeric-Short-Term-Bearish-18th-feb

  We maintain our bearish view in NCDEX Turmeric as price is trading higher in the upward trend indicated by higher high higher tops. Recently prices failed to break previous top indicating loss of momentum. Also, price formed bearish engulfing pattern at Rs. 7528 and thus confirming reversal. Price thereafter has moved lower towards the [...]