technical

EURUSD The Euro’s near-term tone weakened, as the price failed to clear psychological 1.37 barrier after brief probe above recent range top at 1.3686 and subsequent easing cracked range’s lower boundary at 1.3636. Hourly studies turned negative, with downside risk towards Fibonacci 50% and...

MARKET SUMMARY: The Indian equity benchmark index nifty closed flat amid highly volatile trading session on Friday. The day was started on flat note yet nifty rallied & breakout 6225 resistance mark on the back of buying in heavy weights like Infosys, Reliance, ITC & ONGC yet nifty was unable...

SOYABEAN • On technical chart soybean trend is weak where soybean Feb. future has resistance at 3700 on intraday basis while 3610 is a immediate support. • Momentum indicators RSI is indicating bearish trend with good volume. • Traders can sell around 3670 with sl of 3700 for the day target of...

MARKET SUMMARY Nifty witnessed a sell off after a positive opening on the back of pressure in Banks, It & Pharma names. The day was started with positive note yet nifty faces resistance at 6345 & tumbled below 6300 mark; there was no major recovery seen in the market for the entire trading...

EURUSD EURUSD remains unchanged trading sideways between 1.3720 and 1.3665. This is causing the price to trade at the 55 and 20 moving average on the 1 hour chart. Overall the dollar remains strong on expectations of a further reduction in US monetary stimulus. However we expect limited action...

MARKET SUMMARY: The Indian equity benchmark index nifty continues its losing streak for fifth consecutive session as weak China’s PMI data and accelerated WPI data supported the current weakness. The day was started on flat not and nifty remain range bound for entire trading session in range of...

MARKET OVERVIEW Rupee depreciated against its trading partners in the past week due to fears of QE taper as early as Fed’s monetary policy meeting this week resurfaced. Also, over the week mixed economic data from USA added to the uncertainty and speculation over Fed’s next move. Domestically...

MARKET SUMMARY: The Indian equity benchmark index nifty continues its losing streak for fourth consecutive day as weak IIP data and accelerated CPI data pain out. The day was started gap down due to weak data and weakness continued for the entire day on the back of selling by FII after a long...

DAILY MARKETS TREND Sensex rallies 330 points at close; realty, banks, capital goods surge. Asian shares advance on China trade, falling yen. Jindal Steel and Power slumps on Congress poll showing. Bharti Airtel inks pact with Punjab govt. JSW Steel posts 78% growth in...

Support for CURRENCY USDINR Support is seen at 61.7500 61.6500 and 61.5000 levels while resistance is seen 61.950062.0500 and 62.2000 levels. Support for CURRENCY EURINR Support is seen at 84.4500 84.3500 and 84.2000 levels while resistance is seen at 84.6500 84.8000 and 84.9500 levels...

Markets moved in tight range for most part of the week due to F&O Expiry and bounced in the last session and closed on a strong note. Nifty future on weekly charts took support of 21 day EMA last week and sustained on higher side this week. If the positive momentum continues then in coming weeks...

Intra-day strategy for MCX bullion is given below Support for MCX Gold December Support is seen at 29950 and 29800 levels while resistance is seen 30350 and 30500 levels. Support for MCX Silver December Support is seen at 43620 and 43250 levels while resistance is seen at 44400 and 44860...

Intra-day strategy for MCX bullion is given below Support for MCX Gold December Support is seen at 29800 and 29600 levels while resistance is seen 30150 and 30350 levels. Support for MCX Silver December Support is seen at 43620 and 43250 levels while resistance is seen at 44500 and 44900...

Indian Stock market opened with slight gain at day's high but the market is remain weak ahead of expiry in which trader square off their position. According to analyst if Nifty come below 6035 than we can see more down side in Nifty upto 5270 while in up side range Nifty can move 6100.0 due to...

EURUSD The Euro extends recovery rally from 1.3294 low to eventually break above important 1.3546/63 barrier, 06/11 lower high / 50% retracement of 1.3831/1.3294 descend / daily Kijun-sen line, on extension to 1.3577 so far. Near-term bulls remain in play, with corrective pullbacks on oversold...

Intraday strategy for CURRENCY MARKET is given below Support for CURRENCY USDINR Support is seen at 63.5000 – 63.3500 and 63.1500 levels while resistance is seen 63.8500 – 64.0000 and 64.2000 levels. Support for CURRENCY EURINR Support is seen at 85.0500 – 84.9000 and 84.7500 levels while...

EURUSD The Euro remains steady and extends rebound from last week’s fresh low at 1.3294, with strong barrier at 1.3460/70 zone being cleared. The price tested psychological / Fibonacci 38.2% of 1.3831/1.3294 resistance at 1.3500 so far, where gains were limited by broken bull trendline off...

EURUSD The Euro’s near-term tone turned positive, as extended consolidation broke above triangle resistance and tested the upper border of consolidative range. Hourly indicators moved above their midlines, with bullish momentum being built on 4-hour chart, supporting final attempt through...

Epic Learning Centre are conducting a FREE Webinar( Expert Training)*on ‘ Trading through Technical Analysis' in Stock and commodity markets on 9th Nov '13, 1-2 PM, Saturday*online over the Internet To Register click here Topic covered: Basics of Stock markets Starting Technical Analysis Trend...

EURUSD The Euro steadies above 1.35 handle, ahead of ECB today, with no significant rallies seen so far, after the pair posted marginally fresh high at 1.3546 yesterday. Hourly studies are positively aligned, along with north-heading 4-hour indicators that suggests further recovery, with 1.36...