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Category Archives: Price action Technical analysis

Daily technicals

Nifty Daily Technical analysis – Closed near the open and ended the weak

By Trading Predator February 12th, 2016 No Comments

Stock market on Friday closed slightly higher and flat with BSE 34.29 points at 22,986.00 and Nifty closed nearly unchanged at 6,980. Just below the radar level 7000. Asian Markets ended lower on Friday as concerns about the health of global economy, especially emerging markets threatened investors’ confidence. Chinese and Taiwan financial markets remained close

gold price action

Gold Technical analysis – Rally hits resistance level at $1200

By Trading Predator February 9th, 2016 No Comments

Spot gold price action have surged 12 percent this year, rising above $1200 an ounce. Concerns over global economy influenced market participants to buy safe heaven assets such as gold. Upcoming demand and further economic uncertainty may add more gains to the precious metal. But some prominent speculators are unimpressed by the recent gains and

Nifty Price action technical analysis

Nifty Daily technical analysis – Starts the week with a negative bias

By Trading Predator February 8th, 2016 No Comments

It seems like either investors are not in good mood or they’re so cautious about upcoming news flows. Nifty reflected the bearish sentiment precisely, when it fell from 7500 – exactly 2 hours before the market close. Shares fell more than 1 percent; it’s a biggest daily decline since last 2 weeks. From the perspective

Gold Price action

Gold had a bullish breakout, will it continue or fail

By Trading Predator February 2nd, 2016 No Comments

The beauty of swing analysis lies in simplification of complex and chaotic price action. Gold is a recent example of this hypothetical claim. Between mid Jan and early Feb, Market structure in gold completed a bullish breakout pattern, especially after the retest at key level 1080.00. The price action is so subtle and chances are

RBI -USD-INR

How USD/INR might Influence upcoming RBI’s decision

By Trading Predator February 1st, 2016 2 Comments

The slumping price of USD/INR and an expansive budget will probably prevent Indian central bank Governor Raghuram Rajan from cutting interest rates on Tuesday. Rupee’s 2.3 percent loss this year, risks worsening inflation if Prime Minister Narendra Modi cuts stimulus spending rather than subsidies. The fiscal and inflation risks could feed into and worsen the