Gold View 18-Feb-2016

CMP 1206.65

Gold resistances: 1383/1264

As long as Gold resisted by 1264 I expect to see 1046$ again and further 1030/991/961/931 as per my previous analysis.

Alternate view:

If Gold supported by 1046$ and if we are in bigger correction, Gold may show 1262$ again and further 1300/1343/1382$...


This chart analysis is for study purpose only.
Read Disclaimer always before taking any trading decision.
All ther best.

Crude View 18-Feb-2016

CMP 33.49$

Supports: 28.69/26$
Resistances: 50.91/43.59$.

Analysis as on 14-Feb-2016

As long as crude supported by 26.04/28.69$, I expect to see 35/35/.48, 36/36.46.

I expect to see reversal between 35%-37$.

Analysis as on 18-Feb-2016

Chart as on 18-Feb-2016

Still I expect to another fall below 26% and expecting minimum 21$ positionally.

Gold Analysis 15-Feb-2016

CMP 1227.xx
Resistances: 1246/1264
Supports: 1057/1047

As per my chart,if Gold resisted by 1246/1264, I expect to see 1214, 1185, 1161, 1138....

Trade Idea:
Sell Gold at CMP 1227 or on rise with max sl 1246/1264 for 1214, 1185, 1166/1161, 1138/1134.

All the best.

Read Disclaimer always before taking any trade decision.

Thanks.

Crude Analysis 05-Feb-2016

CMP 31.57 6:35 AM IST

31.57
NYEX:/WTI:
Sell Crude at cmp 31.57 between  32.50-33 for 29.4, 25.90, 25.50$.

MCX:
Sell crude at cmp 2168 or between 2199-2245 , wit max sl 2283/2343, for 2027,1899, 1863, 1772, 1672, 1589.

Always read disclaimer before taking any trading decisions.




Thanks,
Arockia.

NIfty Positional Analysis 04-Feb-2016

As per this chart,

Resistance: 9112
Support Zone 6341-4534.

Retracement Levels: 8033, 7362 (normal target done here.), 6821, 6285, 5879, 5614/5535, 4534 (100%).


As per the above chart, Nifty is making complex correction and as per my view, I expect this to be a  w-y-z pattern.

So, as per my view, we will completing this correction as normal abc of Y pattern.

If so, I expect to see 5 waves in wave c which may end up as ending digonal.

Targets expected: 7237/7199, 7024, 6821, 6748, 6341, 6285.

If we reach 6285-5879(watchable area.) Mostly won't.

Thanks,
Arockia.


Read Disclaimer before any trading decisions. This can be used for study purpose.

MCX Lead Analysis 05-02-2016 7:01 PM IST

7:01 PM IST
Hi Friends,
I would like to update my MCX Lead Analysis.

CMP: 123.40
Swing Hight/Resistance: 138.35
Swing Low/Support: 102.45

As per my chart, we are in moving complex correction on the upside.
I expect to see more upside which I have mentioned in the gray box in the chart.

But as per the chart, wave 3 of 5 is still in progress and we may see complex correction as wave 4.

Ultimate target area for this up move can be 124.6-127.8.

I expect to see reversal between the above area to break the low of 102.45 and my ultimate target on the downside is 89 Long Term Positional.

Thanks,
Traders//Visitors, please go thru' disclaimer before taking any trading decision.

Arockia.

Crude View 04-Feb-2016 7:21 AM IST

Crude 32.66 7:21 AM IST
As long as crude supported by 27.54, I expect to see minimum 36.59% which 100% of wave w as per the chart. But as per my understanding wave 4 can make 23.6%/38.2 as retracement and reverse.

Still this looks like a a w-x-y pattern and I  expect to see 100% of wave w to complete wave 4 and the final down move to the ultimate target 21$/19.89.
Please comment on my chart and let me know if I am anything wrong, because, I am newbie in analysis.

 
Now from the smaller tf, if crude resisted by 32.84, we may see a tracement towards 32.1-31.7 and from there revere upside with the support of 31.33$.