Market Overview

Nifty Overview

Trend Identification :
Primary trend of Nifty is still looking bullish on chart,while daily chart is indicating rangbound movement until it is not breaking 11,000 on higher side & 10,500 onlower side.In near term we have seen 200 EMA has taken an important support mark of 10700.

Trading Strategy :
Buy on dips in Nifty can be the trading strategy if it trades around 10780-10740 while on higher side wait and watch the important resitance mark of 11000 if sustain strongly then can enter further long trades.It is advisable to trade cautiosly near 11000.

Target :
Near term target looks like 10940-10980

 

Commodity Overview

Trend of Precious Metals :

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Trend of Base Metals:

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Trend of Energy:

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