Update on Gold, Silver, Copper and Crude Oil 01 April 2016

Gold

Support at 28700 and Resistance at 28900

Break and sustain below 28700 will take to 28620---28550 and then to 28400 mark. More and more downside panic will see only close below 28700 mark else it could test its resistance level of 28900 again

Break and sustain above 28900 with volume will see further upside rally till 29050 and then to 29450---29600 mark

Traders can trade with levels only

Silver

Support at 36200---35900 and Resistance at 37000

Close above 37000 will take to 37300---37450 and then to 38000 mark else it could test its support level of 36200---35900 again

Three consecutive closes + weekly close below 35900 will see free fall in Silver

Trade with levels only

Copper

Support at 318.50---317 and Resistance at 324

Two consecutive closes above 324 will take to 329---334+ mark in days to come else it could test its support level of 318.50---317 mark again

Further downside panic will see only weekly close below 317 mark

Trade with levels only

Crude oil

Close below 2500 will take to 2430---2380 mark

Hurdle intact at 2560---2630

Traders can trade safely with levels only... Anything seems will update via App.

More will be update soon only on our Android App!!

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Update on Agri Commodities 01 April 2016

Soyabean

  Flared and made a high of 4108.  We recommended buying on an average of 4015

Now what to expect???

 

Weekly close above 4090 will see further upside rally till 4130---4180 and then to 4250+ mark in days to come

 

Revise stop loss below 3980

Soyaref

Unable to breach its support level of 628 and bounced back sharply again to 644.40

Support at 628 and Resistance at 645

 

  Three consecutive closes + weekly close above 645 will see further upside rally till 660---670+ mark in days to come

  Maintain stop loss below 628 on closing basis

CPO

Support at 545 and Resistance at 555---555

 

Close above 555 will take to 559. Three consecutive closes + weekly close above 559 will see fire in CPO else it could test its support level of 545 again

 

Weekly close below 545 will take to 536---532 and then to 525 mark in days to come

 

Trade with levels only

 

 

 

Rmseed

  Not able to breach its support level of 4080 and bounced back again. We are holding long from 3970 mark

Now what to expect???

Support at 4120 and Resistance at 4220

Two consecutive closes above 4220 will see further upside rally till 4280---4350+ mark in days to come

 

 Revise stop loss below 4120 on closing basis 

Chana

  Just made a fresh high of 4613. We recommended positional buying in Chana above 4400.

Now what to expect???

 

Hurdle at 4600 and Support at 4480

 

Weekly close above 4600 will see more upside rally till 4690---4750+ mark in days to come

 

  Maintain stop loss below 4480 on closing basis

 

 

 

Guarseed

 

 

Support at 3050 and Resistance at 3200

 

Three consecutive closes + weekly close above 3200 will see rally till 3300 and then to 3380---3450+ mark in days to come

 

Fresh selling can initiate only close below 3050 mark

More will be update soon!!

 

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Larson and Turbro (LT) Levels—Support And Resistance

LT has a nearby support at 1220 and a strong support at 1190 from where it has gained good points.

Current resistance stands at 1250, if it crosses 1250 it can test its next resistance if 1290—1300.

Stay Updated for More Updates!!!

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Technical Top picks for the day!! Check it now!!

Today's top picks...Grab and accumulate it now!!

Short term delivery:-

Buy HDIL (Cash/Fut) Around 76-74 

Target 80 

Stop Loss 71 

Lot size 6000

Short term delivery:-

Buy ITC (cash/Fut) 

Around 333-330 

Target 350 

Stop Loss 320 

Lot Size 1600

More will update soon!!

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Update on Nifty, Bank Nifty and Equity Pick of the day 01 April 2016

Ahead of expiry... We have seen range bound trading in Nifty. Market traded between small gain and losses and settled almost flat to negative. 

We have already mentioned our success on our blog yesterday where we booked good profit in Motherson Sumi and SKS Micro finance. We have booked full profit in Nifty and Bank Nifty too due to expiry.

Just Keep trading with our levels and Keep Minting Money.

Now what to expect???

Nifty Futures now has resistance at 7800---7840. It has to give a weekly close above 7840 level to further carry the bullish rally else it could test its support level of 7660---7600 again.

Fresh selling will initiate only weekly close below 7600 mark

Bank nifty has a resistance at 16300 which would remain crucial to cross for a bull rally else short selling in the market can be expected as some analysts still believe that this bull rally is just a correction phase and bear may take over.

Support remains intact at 15700. Further downside panic will see only weekly close below 15700 mark.

Trade safely with levels only... More levels will update during market hours

Today's top pick....

Yesterday  we have seen positive momentum in IDEA and crossed its resistance level of 113. Three consecutive closes + weekly close above 113 will see sharp upside rally in it. Target looks 126---136 and then to 145+ mark in days to come

Support and stop loss below 100.

More will be update soon during market hours!!

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Our Technical Picks of the day proven great...Have a look!!

Our Technical picks on 30 March, 2016 (Motherson Sumi) and on 31 March, 2016 (SKS Micro Finance) proven great!!

Yesterday we recommended to buy Motherson Sumi Systems around 255-250, Target was 270+ with Stop Loss of 240....

See what happen!!

It flared and made a high of 269!!

Not only this, Today's technical pick SKS Micro Finance too proved money minter!!

Today we recommended to Buy SKSMicroFinance (Cash) around 541-537 with target of 570+ and SL 520 .

It too flared and made a high of 549.50...

Minted money or not??

Still need trial?? Keep watching the space!!

More will update soon!!

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