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Mtechtips NIFTY FUT intraday trading analysis
nifty spot today closed at 5323 with loss of 16 points.as we given in yesterdays premarket nifty tips,nifty now entered in correction zone and that may now continue upto 5286 means 40 point downside from here.if nifty unable to find support there then it become from very short term view and may slip upto 5230-5200.on end of day chart rsi given fresh sell signal and cci also showing weakness.macd still bullish and above zero.nifty still above weekly average of 5280 below that monthly average comes at 5217.
“stay short in nifty for correction
if slip below 5286 then open short for
swing targets 5230-5170”
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Mtechtips USD/INR intraday trading analysis
usdinr aug future today closed at 55.41.today this currency future hit low of 55.17 and high of 55.5.currently usdinr spot trading at 55.26 and near bullish breakout on hourly chart.as dollar index turning up and equity market turning flat.rupee once again showing signs of weakness and may be tomorrow we may see sharp rally upto 55.75 to 56.2 in spot while on future that comes around 56 to 56.4.on hourly chart,CCI below zero but rsi still above 50!if rupee close above 56 then possibly it may turn bearish and head towards new lows.
“buy usdinr future if spot opens above 55.3”
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Mtechtips GOLD comex spot intraday trading analysis
GOLD currently trading at 1616 and given breakout above first major resistance of 1615.now traders should watch that it will sustain breakout or not.if here gold sustain then possibly we may see 1630 tomorrow.on intraday chart indicators also strong bullish.
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Mtechtips SILVER comex spot intraday trading analysis
silver currently trading at 28.09.here also intraday as well as short term trend is bullish.and possibly silver may achieve target of 28.5 and then 29.2.on end of day chart now silver heading towards 6 month average.on downside 27.8 is major support now.
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Mtechtips BANKNIFTY FUT intraday trading analysis
banknifty spot today closed at 10,449 with loss of 84 points.we still bearish on banknifty and tomorrow below 10,420 we will see sharp fall of 1-2%.below 10,420 target for intraday are 10,265 and then 10,110.as major banks turning down and breaking support levels, on that account banknifty will remain under pressure for tomorrow.on intraday chart,all major indicators also suggesting same.
*Free Bank-Nifty future Tips for tomorrow:-
“stay short in banknifty below 10,420 only
for targets 10,265 and 10,110!”
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