My Views & Information on Trading & Investing

MarketLok

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My Views & Information on Trading & Investing
I'll try and update the thread regularly, with my daily analysis of data I come across, during my trading/investing crusades!
 
Gold its past & future an in-depth analysis

Gold US Dollar NYMEX Daily Candles Chart
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Gold India (INR) Failed Trend Daily Candles Chart
1864454_orig.png



The two charts above show Weekly candles of Gold in US dollars & Gold in Indian rupees, from NYMEX & MCX respectively.
As you can see from the charts Gold NYMEX started to loose ground in late 2011 & attempted a weak rally to stop a bear market. Whereas during the same period Gold MCX continued to trend up until early 2013, touching record highs.
Gold MCX did finally start its own bear trend in 2013. There was a similar but much stronger attempt by the Indian counterpart, to break out of the bear market. But finally resulting in a failure.
Both have since been bearish, while Gold NYMEX lost some ground, it was not the same for Gold MCX which remained largely sideways.

Looking at the larger picture there's some good news in all this. We're seeing Gold form a base & maybe a very strong one, which might be a launching pad for a renewed up-trend. Let's take a look at the resistances & supports on both Gold listings which can help us better understand the future of Gold.

The resistances & supports seen in Gold NYMEX are as follows :
R3 - 1220.5
R2 - 1210
R1 - 1196
S1 - 1176.5
S2 - 1155.5
S3 - 1110


The resistance at 1196 & 1210 form a strong resistance zone, which if broken & held by an up-move can result in a very large & stable up-move in Gold very soon. Gold NYMEX however need to stay above this consistently to show strength & have a stable bull run.

Supports at 1155.5 & 1110 are very strong & may hold well when tested. If they do fail we'll see a continued slide in Gold prices. Test of these support levels may be very possible.

The resistances & supports seen in Gold MCX are as follows :
Critical Pivot - 29064.5
R3 - 26688.5
R2 - 26324
R1 - 26304
S1 - 26143
S2 - 25739.5
S3 - 25698


The resistances mentioned above are important for Gold MCX to gain stability but will not signal the start of a renewed up-trend. For an up-trend to begin Gold MCX needs to move above another critical pivot of 29064.5. This is where a very large resistance zone is formed & Gold MCX will need to be over this zone & its prices will have to hold above 29064.5 if any future up-trend can sustain.
Supports at 25739.5 & 25698 are important for Gold MCX & price have to hold above these supports to prevent a continued bear trend.

That's our take on Gold NYMEX & Gold MCX. Do leave a comment if you like the content & don't forget to follow us on your favorite social media sites for more such content posted daily.
 
IndusInd Bank Supports & Resistances

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R3 - 1020.5
R2 - 964.5
R1 - 935
S1 - 900
S2 - 862.5
S3 - 743.5
 
Bharat Forge Stock Supports & Resistances

5350954_orig.jpg


R3 - 1426
R2 - 1361.5
R1 - 1336.5
S1 - 1256.5
S2 - 1222.5
S3 - 1160.5
 
Steel Authority of India Ltd (SAIL) Stock Supports & Resistances

Steel Authority of India Ltd (SAIL) Stock Supports & Resistances
2453348_orig.jpg


R3 - 85
R2 - 74.5
R1 - 73
S1 - 68
S2 - 66
S3 - 54
 
Titan Stock Supports & Resistances

Titan Stock Supports & Resistances

781980_orig.jpg


R3 - 417.5
R2 - 410
R1 - 396
S1 - 385.5
S2 - 376
S3 - 360.5
 
Maruti Suzuki India Limited Supports & Resistances

Maruti Suzuki India Limited Supports & Resistances

8717256_orig.jpg


R3 - 3770.5
R2 - 3707
R1 - 3686
S1 - 3619.5
S2 - 3248.5
S3 - 2855
 
some great looking charts. I've never traded the indian exchange, but I'd have to put them on a watchlist in the future. Thanks for these MarketLok
 
You're welcome malaguti... thanks for the feedback on the charts.

some great looking charts. I've never traded the indian exchange, but I'd have to put them on a watchlist in the future. Thanks for these MarketLok
 
Microsoft (MSFT) Supports & Resistances

Microsoft (MSFT) Supports & Resistances

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R3 - 43.92
R2 - 41.42
R1 - 40.82
S1 - 39.66
S2 - 37.8
S3 - 31.6
 
Cummins India Supports & Resistances

Cummins India Supports & Resistances

8986921_orig.jpg


R3 - 945
R2 - 918
R1 - 874
S1 - 862.5
S2 - 858
S3 - 775
 
Divis Labs Supports & Resistances

Divis Labs Supports & Resistances

1792871_orig.jpg


R3 - 2046
R2 - 2009
R1 - 1887
S1 - 1852.5
S2 - 1765.5
S3 - 1730
 
Federal Bank Supports & Resistances

Federal Bank Supports & Resistances

885285_orig.jpg


R3 - 137.5
R2 - 135.6
R1 - 134
S1 - 130
S2 - 127
S3 - 121.5
 
Godrej Consumer Products Supports & Resistances

Godrej Consumer Products Supports & Resistances

5927152_orig.jpg


R3 - 1261
R2 - 1227.5
R1 - 1158.5
S1 - 1115
S2 - 1092.5
S3 - 1053
 
Hindustan Unilever Supports & Resistances

Hindustan Unilever Supports & Resistances

2873812_orig.jpg


R3 - 941.5
R2 - 934.5
R1 - 915
S1 - 898
S2 - 871.5
S3 - 863.5
 
Lupin Labs Supports & Resistances

Lupin Labs Supports & Resistances

4798522_orig.png


R3 - 2177.5
R2 - 2147
R1 - 2123
S1 - 2024
S2 - 2004
S3 - 1919.5
 
Reliance Industries Supports & Resistances

Reliance Industries Supports & Resistances

2536688_orig.png


R3 - 913.5
R2 - 856
R1 - 834
S1 - 824.5
S2 - 821.5
S3 - 788
 
Nifty Futures 23July2015
Resistances 8660 & 8731
Supports 8616-8600 (zone), 8490 & 8395
#stockmarket #nse #bse #trading #daytrading
 
Nifty Futures 24July2015
Resistances 5890-8625 (zone), 8680 & 8731.5
Supports 8520, 8491 & 8410
#stockmarket #nse #bse #trading #derivatives
 
Nifty Futures 27July2015
Resistances 8550-8570(zone), 8600-8615 (zone), 8670 & 8731
Supports 8520, 8404
#stockmarket #nse #bse #daytrading
 
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