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TRADING ARTICLES

Nifty Technical analysis

Nifty trading lower before GST Bill – Why is that?

By Trading Predator August 3rd, 2016 No Comments

Since the beginning of week, Selling pressure is dominating Nifty due to profit taking by Institutional traders ahead of GST bill and Upcoming macro factors. Even today markets continue to remain volatile and broader markets under performing overall. Market participants are pricing in the expectations and speculation about GST bill and major economic events that

ICICI Bank

ICICI Bank | Price action trading in a consolidation

By Trading Predator August 1st, 2016 No Comments

ICICI Bank stock prices fell 3.5% on last Friday was also one of the most active stocks on previous week. Price action is now trading in a range between 271.33 – 259.30. The bank’s net profit dropped 25% in June which is inline with estimations and forecast. Net profit for the quarter stood at 2,230

Crude oil top or bottom

Crude Oil technical analysis | Necessity of Price retracements

By Trading Predator July 29th, 2016 No Comments

Over the week tables turned on the bulls, as crude oil started falling from beginning of the week. The optimistic spirit that gripped oil traders is dampening again. Though excess crude oil production is slowing down, Rising Inventories and revival in US drilling might increase the supply glut further. Technical analysis reveals that Oil fell

Gold price action (1)

Gold breakout resistance zone after FED Statement

By Trading Predator July 28th, 2016 No Comments

Gold broke out of resistance zone $1338 – $1334 after Federal Reserve left interest rates unchanged, though the FED hinted at the possibilities of rate hike in coming months. Comex gold for December delivery was recently up 0.9%. Price action spiked after FED eased the expectations of Rate hike. As I pointed out several times

Natural Gas Price action technical analysis

Natural Gas | Market trading in range – Storage glut in focus

By Trading Predator July 27th, 2016 No Comments

Price action of Natural gas is currently trading in a range bound structure between 2.795 and 2.625. Market retreated after testing two week highs with healthy supply still outweighing demand for gas-fired power. Natural gas traded most of the July on retreat, a storage glut, record high production has raised too many questions for long-term