Mtechtips Intraday trading analysis
MTECHTIPS
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Mtechtips Banknifty intraday trading analysis
Banknifty tips-stay long and intraday resistances are 10582 and 10738
Mtechtips Banknifty as we recommended in last analysis given bullish breakout above 10420 and we given targets of 10575 and then 10725.for 16 aug 2012,intraday resistances are 10,585 and then 10,740 while support now at 10,425.below this support Banknifty become weak for intraday as well as short term and target of 10,100 will open on downside.currently momentum is strong bullish and traders follow “buy on dips”strategy for targets on upside while protective stoploss should be below 10425.
“follow buy on dips strategy for Banknifty future
with stoploss below 10425 spot
while expect targets of 10585 and then 10,740”
Nifty Fut intraday trading analysis
Nifty Future tips-hold longs for targets 5405 and 5440
Mtechtips nifty on 14 aug 2012 closed at 5380 with gains of 33 points/0.61%.on end of day chart momentum is strong bullish and on Thursday also we may see continuation of rally for 16 aug 2012 intraday resistances are 5405 and then 5440 while on downside support will be seen at 5342.traders should follow buy on dips strategy and enter longs on lower levels with stoploss below 5342.on upside 5440-5460 is final stoploss of this swing rally if rally fizzle out in that area then correction upto 5300 is possible but if nifty spot sustain above that then next swing target will be 5660.
“buy on dips in nifty future for intraday
target of 5405 and then 5440 spot
stoploss should be below 5342 spot”
Mtechtips Gold comex spot intraday trading analysis
Mtechtips GOLD spot or xau/usd currently trading at 1595.once again failed to break yearly average on closing basis and exactly started downside rally from 1624.for today below 1601 will remain sell and expect downside targets of 1585 and 1569.on end of day chart gold given consecutive 3 negative closing which shows sharp profit booking from investors on cautious note dollar index once again notched up.
Mtechtips Silver comex spot intraday trading analysis
Mtechtips Silver spot or xag/usd currently trading at 27.59.as it broken major support of 27.8,momentum now on short side.for today below resistance of 27.8 silver may fall upto 27.11 and then 26.45.on end of day chart,silver once again slipped below weekly-monthly and 3month average which shows short term downtrend of this commodity.indicators also slipped into bearish area on intraday chart.
