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MCX Gold & Silver: Outperforming

Posted: 25 Aug 2019 08:30 PM PDT

gold futures tips

Gold futures closing price above 1550-1575 (C) can influence MCX gold up to 39200 – 39500 – 40000+.

MCX Silver traders must put eyes on 44400 (C) levels. One or two consecutively closing above 44400 levels, silver may fly on the sky. It prices can hike up to 45260 – 46000 – 46600+.

C = Crucial Level
You should not touch below that crucial levels.

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The post MCX Gold & Silver: Outperforming appeared first on Moneymunch.

Where to sell BANKNIFTY?

Posted: 25 Aug 2019 08:22 PM PDT

Banknifty resistance starting from 27777 to 28073 as per channel.
Last update was for paid customers at 27777 for sell which was below (4).

 

  • Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. We have created a sell strategy for NIFTY
  • Wall Street opened lower on Friday.
  • Oil prices fell on Monday.
  • Moody’s Investors Service on Friday cut India’s GDP growth forecast for 2019 calendar year to 6.2
  • percent from the previous estimation of 6.8 percent.

 

Let’s look at a higher timeframe chart.

 

As per the daily chart , fall is still left but the question is where to sell?
Detected tail in the last secession.

The post Where to sell BANKNIFTY? appeared first on Moneymunch.

The spot NIFTY : Trade Setup for Monday

Posted: 25 Aug 2019 08:56 AM PDT

There’s two PLAN for trade.

  • PLAN A: (Trade with Risk) Short Sell 11028-11057 with stop loss of 11067 for the targets 10911 and 10822
  • PLAN B: short 11100-11125 nearby with stop loss 11158 for same targets 10955 and 10822

Only above 11195 above, Positiveness expected, otherwise, the possibility to move 10800-10650 (New low).

NOTE: actually, alway buy at excess when it at value low, but presenetly we have create short plan because resistance.

The post The spot NIFTY : Trade Setup for Monday appeared first on Moneymunch.