gpd811

gpd811

Looking at Wave formation, it looks in next 8-10 trading sessions, NIFTY should break the Triangle and move up. Bulls can push NIFTY by 500-600 points atleast.

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Silver is on strong uptrend, taking some breathing to prepare for next upmove.. Lookout for the break out and go long.

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Positive divergence as well as Trendline support at .7460.. Buy now for 100 pips

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As expected bounced from 1.45.... looks to be good buy setup and can look for 200 pips plus...

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Crude oil can give either a breakout or bounce back... watch 49.65 as crucial level.

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EURUSD on 4H chart showing a pattern.. MACD crossover also supporting this move. Good candidate to short for 100 pips before deciding next move. . It can be Reversal to 1.13 or further down on breakout. Request Trader friends / Chartists to provide feedback.

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7th May 2016 BankNifty Weekly chart: Showing long term downward trend since Feb 2015. But its in short term uptrend since last 2 months lying currently at Support line @ 16300 and strong resistance at 16600. If its unable to cross 16600-16800 then it can slide below 13000 also.

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BankNifty Monthly chart: Showing long term downward trend with first support at 13400 and second level support at 11700-11500

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Nifty Monthly chart shows Downward trend with first support @ 7100 and second level support at @ 6400..