Friday, August 5, 2011

NIFTY ON GAP DOWN OPENING HAS TOTALLY WORSEN THE BEARISH SIGNALS TO MUCH TO A LOWER EXTENT BUT AT THIS STAGE WE RECOMEND SKIP TRADING FOR THE DAY AS WE RE VERY MUCH NEAR STRONG SUPPORT LEVEL AT 5196, NO LONG RECOMMENDED TILL WE SUSTAIN ABOVE 5227
RISKY TRADER CAN SHORT NIFTY BELOW 5196 FOR A DOWN TARGET OF 5138 WITH A STOPLOSS OF 5210
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GOLD SELL NEAR OR BELOW 24255 FOR A DOWN TARGET OF 24029 / 23858 STOPLOSS SUSTAINANCE ABOVE 24432
IN SHORT TERM GOLD MAY EVEN TOUCH 23059
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EUR/USD SHORT NEAR OR BELOW 1.4186 WITH A STOPLOSS OF 1.4235 FOR A DOWN TARGET OF 1.4023
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DOWJONES SELL BELOW 11504 FOR A DOWN TARGET OF 11237 WITH A STOPLOSS OF 11512
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