VIEW ON MAJOR CURRENCY
EUR/USD: EURO yesterday after the opening was seen at 1.3030 failed to trade above 1.3050 and after crossing the lower support of 1.3000 it gave further selling where on lower side it tested the level of 1.2950 just testing support of 1.2950 and closing was seen at 1.2980 at days low. Today’s opening was seen at 1.2980 level and taking the lower support of 1.2950 is trading at 1.3010 and expect to trade negative in the range of 1.3050 and 1.2800 for the day. We are looking at some selling pressure in Euro from higher level where it’s not expected to trade above and cross 1.3150 and is expected to test 1.2800 in medium terms. Stochastic which has given a down trend is nearing the mid zone below 30% moving to enter oversold zone indicating further selling to continue in near term.
GBP/USD: British Pound yesterday after the opening at 1.5480 failed to trade above 1.5550 and later part of trading session it tested the lower level of 1.5400 and closing was seen at 1.5465 level. Today the opening was seen flat around the level of 1.5465 and taking support of 1.5420 is trading at 1.5490 level and expected trading range will be 1.5550 – 1.5400. Further trading below 1.5450 will continue the down trend where 1.5400 to 1.5350 will be immediate target. On higher side immediate resistance is seen at 1.5550 and crossover above the same will move to test 1.5800 to 1.5900 again. Till the time 1.5550 is holding on closing basis short correction can be expected. Stochastic which were trading in mid zone with positive intersection is nearing the higher zone where some upside may be expected.
AUD/USD: Australian Dollar yesterday after the opening at 1.0014 level failed to sustain above 1.0050 level and closing was seen at 0.9908 where days low was posted at 0.9880 previous days low was seen. Today after flat opening around 0.9910 it fails to cross the lower support of 0.9860 and is trading at 0.9910 where immediate resistance is seen at 0.9950 and if trading is seen below 0.9900 will move to test 0.9840 and 0.9800 immediately. On higher side sustain trading above immediate resistance level of 0.9980 will bring to 1.0100 level. Stochastic has given negative intersection just in the mid zone where down side move can be expected.
NZD/USD: Newzeland Dollar yesterday after the opening at 0.7565 failed to trade above 0.7600 and after crossing the lower support of 0.7550 it tested the lower level of 0.7480 support and closing was seen at 0.7502 level. Today the opening was seen flat at 0.7502 taking support of 0.7460 it is trading at 0.7495 level where on higher side resistance is seen at 0.7550 and till the time its holding the same selling at rise is expected and will test 0.7440 to 0.7350 in near term. We expected some range bound to down side move in market where 0.7500 is resistance and support is seen at 0.73500 and selling at rise is advice in near term. Stochastic has drifted below overbought zone where if price trade below support level correction may be seen of recent sharp rally.
USD/JPY: Japanese Yen yesterday closing was seen at 77.97 after testing lower level of 77.62 where it’s trading positive and in range bound move where 78.5 was almost retested. Today opening was seen at 77.9 and is trading just above 77.65 near 77.86 levels where support is seen at 77.5 on lower side. Trading range can be seen for the day where 78.3 will be higher side resistance and support is seen at 77.5 on lower side. Stochastic has given positive intersection where side way move in price can be expected.
VIEW ON MAJOR COMMODITIES
Gold: Gold yesterday after the opening at 1666$ failed to trade above 1630$ and after crossing the support level of 1625$ it tested the level of 1563$ and closing was also seen near the lower level of 1574$. Today opening was seen flat around 1577$ and is trading at 1575$ where its trading near the support level of 1562$ and till the time 1600$ is holding we expect it to test 1550$ and 1540$ to be tested immediately. On higher side at 1600$ where if it holding the resistance level will bring the price to move test the lower support of 1540$ on lower side and further trading below 1540$ will continue the down trend on market where 1470$ will be tested. Stochastic has entered in the oversold zone and is still moving down side where if the support level is crossed will further move lower and will indicate down trend to continue.
Silver: Silver yesterday after opening at 30.75$ continued to down trend where on higher side it resistance was seen at 31$ and after crossing the level of 30.5 it moved and tested the lower level of 28.5$ and closing was just above the support level of 28$ around 28.7$. Today after the flat opening at 28.9$ it is trading at 28.5$ where on lower side support is taken at 28 $ and next support is coming at 26$. If sustain trading is seen below 28$ will test the lower level of 26$ to 24$ immediately, where as only crossover above 31$ on closing basis will bring to 35$ next resistance level. On higher side only on closing basis above 31$ will hamper the bearish outlook in silver where it will test 39$ on higher side. Stochastic has just neared the oversold zone around 10% and is trading flat indicating if the resistance is holding and if the price trade below 28$ will bring to next support of 24$ in near term.
Brent Crude oil: Brent Crude yesterday after sideway opening at 108.5 $ and failed to cross the higher resistance of 109$ and trading was seen negative where on lower side it tested the lower level of 104$ and closing was also seen at 104$. Today after gap up opening at 105 failed to cross the higher resistance of 105.5 and is trading at 105.35$ where below 105$ is support if broken further down side move can be expected. Crossover above 107$ is must for further uptrend to continue where we wait for closing basis breakout for higher level of 111$. If sustain trading below 105$ will open the door for 102 to 98$ on lower side till the time 107$ is holding for the day. Stochastic is trading flat to negative in the mid zone where is turned negative and is expected to move towards the 25% where some more down side can be seen in the price in coming days.
Copper: Copper yesterday after the gap down opening at 7485 traded below the support level of 7500 and tested the low of 7130 and closing was just seen near 7200 level where immediate support is seen at 6700. If sustain trading is seen below 7100 on closing basis will open the door for 6900 and 6300 level soon. Today we look side way to negative trend to continue where will test 7100 level soon and only if the resistance of 7300 break will continue the uptrend where it will test 8200 – 8550 level immediately. Today expected to give opening near to 7500 and expected trading range will be 7600 to 7300 where selling is advise on every rise till the time resistance is holding at 8000. Stochastic has turned negative and is just drifted below overbought zone where it is just below 20% zone where further price action will bring it towards oversold zone.
Report By
xDirect India
EUR/USD: EURO yesterday after the opening was seen at 1.3030 failed to trade above 1.3050 and after crossing the lower support of 1.3000 it gave further selling where on lower side it tested the level of 1.2950 just testing support of 1.2950 and closing was seen at 1.2980 at days low. Today’s opening was seen at 1.2980 level and taking the lower support of 1.2950 is trading at 1.3010 and expect to trade negative in the range of 1.3050 and 1.2800 for the day. We are looking at some selling pressure in Euro from higher level where it’s not expected to trade above and cross 1.3150 and is expected to test 1.2800 in medium terms. Stochastic which has given a down trend is nearing the mid zone below 30% moving to enter oversold zone indicating further selling to continue in near term.
GBP/USD: British Pound yesterday after the opening at 1.5480 failed to trade above 1.5550 and later part of trading session it tested the lower level of 1.5400 and closing was seen at 1.5465 level. Today the opening was seen flat around the level of 1.5465 and taking support of 1.5420 is trading at 1.5490 level and expected trading range will be 1.5550 – 1.5400. Further trading below 1.5450 will continue the down trend where 1.5400 to 1.5350 will be immediate target. On higher side immediate resistance is seen at 1.5550 and crossover above the same will move to test 1.5800 to 1.5900 again. Till the time 1.5550 is holding on closing basis short correction can be expected. Stochastic which were trading in mid zone with positive intersection is nearing the higher zone where some upside may be expected.
AUD/USD: Australian Dollar yesterday after the opening at 1.0014 level failed to sustain above 1.0050 level and closing was seen at 0.9908 where days low was posted at 0.9880 previous days low was seen. Today after flat opening around 0.9910 it fails to cross the lower support of 0.9860 and is trading at 0.9910 where immediate resistance is seen at 0.9950 and if trading is seen below 0.9900 will move to test 0.9840 and 0.9800 immediately. On higher side sustain trading above immediate resistance level of 0.9980 will bring to 1.0100 level. Stochastic has given negative intersection just in the mid zone where down side move can be expected.
NZD/USD: Newzeland Dollar yesterday after the opening at 0.7565 failed to trade above 0.7600 and after crossing the lower support of 0.7550 it tested the lower level of 0.7480 support and closing was seen at 0.7502 level. Today the opening was seen flat at 0.7502 taking support of 0.7460 it is trading at 0.7495 level where on higher side resistance is seen at 0.7550 and till the time its holding the same selling at rise is expected and will test 0.7440 to 0.7350 in near term. We expected some range bound to down side move in market where 0.7500 is resistance and support is seen at 0.73500 and selling at rise is advice in near term. Stochastic has drifted below overbought zone where if price trade below support level correction may be seen of recent sharp rally.
USD/JPY: Japanese Yen yesterday closing was seen at 77.97 after testing lower level of 77.62 where it’s trading positive and in range bound move where 78.5 was almost retested. Today opening was seen at 77.9 and is trading just above 77.65 near 77.86 levels where support is seen at 77.5 on lower side. Trading range can be seen for the day where 78.3 will be higher side resistance and support is seen at 77.5 on lower side. Stochastic has given positive intersection where side way move in price can be expected.
VIEW ON MAJOR COMMODITIES
Gold: Gold yesterday after the opening at 1666$ failed to trade above 1630$ and after crossing the support level of 1625$ it tested the level of 1563$ and closing was also seen near the lower level of 1574$. Today opening was seen flat around 1577$ and is trading at 1575$ where its trading near the support level of 1562$ and till the time 1600$ is holding we expect it to test 1550$ and 1540$ to be tested immediately. On higher side at 1600$ where if it holding the resistance level will bring the price to move test the lower support of 1540$ on lower side and further trading below 1540$ will continue the down trend on market where 1470$ will be tested. Stochastic has entered in the oversold zone and is still moving down side where if the support level is crossed will further move lower and will indicate down trend to continue.
Silver: Silver yesterday after opening at 30.75$ continued to down trend where on higher side it resistance was seen at 31$ and after crossing the level of 30.5 it moved and tested the lower level of 28.5$ and closing was just above the support level of 28$ around 28.7$. Today after the flat opening at 28.9$ it is trading at 28.5$ where on lower side support is taken at 28 $ and next support is coming at 26$. If sustain trading is seen below 28$ will test the lower level of 26$ to 24$ immediately, where as only crossover above 31$ on closing basis will bring to 35$ next resistance level. On higher side only on closing basis above 31$ will hamper the bearish outlook in silver where it will test 39$ on higher side. Stochastic has just neared the oversold zone around 10% and is trading flat indicating if the resistance is holding and if the price trade below 28$ will bring to next support of 24$ in near term.
Brent Crude oil: Brent Crude yesterday after sideway opening at 108.5 $ and failed to cross the higher resistance of 109$ and trading was seen negative where on lower side it tested the lower level of 104$ and closing was also seen at 104$. Today after gap up opening at 105 failed to cross the higher resistance of 105.5 and is trading at 105.35$ where below 105$ is support if broken further down side move can be expected. Crossover above 107$ is must for further uptrend to continue where we wait for closing basis breakout for higher level of 111$. If sustain trading below 105$ will open the door for 102 to 98$ on lower side till the time 107$ is holding for the day. Stochastic is trading flat to negative in the mid zone where is turned negative and is expected to move towards the 25% where some more down side can be seen in the price in coming days.
Copper: Copper yesterday after the gap down opening at 7485 traded below the support level of 7500 and tested the low of 7130 and closing was just seen near 7200 level where immediate support is seen at 6700. If sustain trading is seen below 7100 on closing basis will open the door for 6900 and 6300 level soon. Today we look side way to negative trend to continue where will test 7100 level soon and only if the resistance of 7300 break will continue the uptrend where it will test 8200 – 8550 level immediately. Today expected to give opening near to 7500 and expected trading range will be 7600 to 7300 where selling is advise on every rise till the time resistance is holding at 8000. Stochastic has turned negative and is just drifted below overbought zone where it is just below 20% zone where further price action will bring it towards oversold zone.
Report By
xDirect India
CS AGRI CALL : SELL CHANA NOV BELOW 5170
ReplyDeleteTG 5150/5140/5130
SL 5205
Share Market Company