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Category Archives: Price action Technical analysis

USD-INR Technical analysis

USD/INR Technical analysis – Price action testing important support levels

By Trading Predator February 25th, 2016 No Comments

The Indian Rupee is one of the worst performers in Asian currency this calendar year with recording depreciation of 3.55%. It is attributed to over-supply of Bonds and increasing government deficit. Macro economic factors and global uncertainty is casting a shadow on INR and influencing bearish sentiment. Read About USD/INR Long term analysis here… Price


MCX Technical analysis – Watch the support level 740.000

By Trading Predator February 24th, 2016 No Comments

Some times opportunities rest precisely in place, where it’s quite uncommon for traders to notice, recent movement in Multi commodity exchange or shortly referred as MCX is an example of this. It‘s obvious to note that MCX is in long-term down trend, just scroll over to daily time frame. The formation of down trend is

Nifty Price action Technical analysis

Nifty Technical analysis – Price action closed with a bearish note

By Trading Predator February 23rd, 2016 No Comments

Nifty closed 1.73% lower or 125 points down at 7,110, bearish sentiment dominated the session and sensex closed 1.59% or 378.61 points lower. Geopolitical uncertainty and bank stocks influenced investors sentiment to walk against the trend. Price action started with a bearish note from the opening time at key level 7,225. Formation of large bearish

Nifty Price action technical analysis

Nifty Daily Technical analysis | Price action in a Tug of war

By Trading Predator February 18th, 2016 No Comments

The Nifty rose 1.17% or 83.30 points to 7,200 points. Indian stock markets rose around 1% on Thursday indicating a second straight day of gains as mining and energy sectors boosted due to rising crude oil prices. As we can see the chart, Price action showed some interesting developments in Nifty – starting from the

Nifty Technical analysis

Nifty daily technical analysis – Price action bounced higher

By Trading Predator February 17th, 2016 No Comments

Sensex closes 190 points higher at 23,381.87 and nifty climbed back above 7100 a precision radar level, that I‘ve been mentioning since last few days on intraday basis. Sensex closed 0.82% higher, while nifty closed 0.85% or 60.20 points higher at 7,108.45. Asian shares faired broadly higher today, due to yesterday’s euphoric sentiment. Nifty started