Crude.

Crude went down from levels expected.

However for Intra-day trade trying to see if the formula of ATR based study suceeds in Crude also.

Crude has ATR of 2.38 points.

Hence, hope so level with distance of almost that points will be strong enough to take support
for intra.

Right now Crude took support at 2nd level.

Hopefully it will go down breaking level after level.

Moreover for people who trade small time frame we can see ATR of 1 hr chart and use time frame of 5 mins for smaller stop losses and smaller targets.

Hopefully I will update that very soon.

Right now ATR levels are hitting on the spot in Nifty and Spot. Lets see how it reacts to western markets.

EUR USD.

Please take a look at EUR USD chart.

Eur is entering into its Monthly Support level.

2 important levels at weekly where it can reverse from.

There is a strong trendline indicating however a bit more downfall. Unless this

trendline breaks EUR long position should be avoided.

Dow Jones Atr Study.

For last few days I am noting a particular pattern with regards to script moving as per ATR.

Please see ATR of Dow Jones.

Atr of Dow is showing a movement of 150 point on average on Daily..

Hence, it is beleived a level with a distance of approx 150 points will be a strong level.

If the level holds,prices will reverse, If level breaks next level will come.

Please see the 1 chart.

Over here I have marked levels with a distance of almost 150 points away.

Trading is analytical Science and not perfect Science hence even a level of 125 points away is good enough and so is level of 175 points.

If 2nd level breaks , 3rd level will come and so on.

Hope,this study suceeds!

Crude.

Crude is approaching towards weekly resistance.

Please see how 1 hr char is making up.

On breaking of first trendline only to initiate short.

Closing of 1 hr candle below first trendline.

Usually it should now go flat on 1 hr candle,or sideways and then it can reverse!

Monthly Nifty.

Nifty monthly has gone so bullish.

Interesting to see what things have in store for future.

5600-5750 range seems to be next target in Monthly.

Time taken to reach there unknown.

Bata India.

Nifty is strong but Bata is showing weakness.

Its a perfect short but without Nifty background support it will struggle to come down.

Nifty.

Please see update chart of Nifty.

It has now confirmed good trendline.

Breaking of this trendline would mean a good short.

Please also see a minor resistance which can prove too good for intraday.

Djia.

Djia Chart Enough said.

ICICI Bank.

Freinds ICICI has parked its closing price at its major resistance. On Monday gap Short ICICI Bank.

Also see chart with Support and Trendline following the daily chart. Trendline seems weak for ICICI.

Trendline is getting weak. Gap down below the trendline would be excellent short for intra trades.

Copper.

Last week I said about CU short and it worked out very pleasing way.

Please see now good price to buy CU after it enters the zone with 1 hr bullish candle closing.

Stoploss as usualy 1 hr candle closing outside the zone.

Silver.

Silver is approaching its major support.

However,for intraday we can short on following chart for 50-60 cents profit.

Gold Support.

Gold approaching at important daily support level whcih can be seen on weekly also.

1 hr candle closing green we can go long with stop of 1 hr outside the zone.

EurUsd.

Euro broke important daily support.

Such fall usually stops at weekly Chart. We can take long on 2 hour candle closing green after touching the zone.



For those who want good intra-day can short at nearest resistance after 1 hr candle goes over
there and shows bearishness at close of candle.

Bank Nifty July 2012.

Good support for BankNifty.

Good resistance for Bank Nifty.

Position to be taken as per Bullish or bearish Candle in the zone.

Nifty for 2nd week July 2012.

Freinds as expected Nifty touched 5324 crucial figure. Please see the chart.

Please the candle where I short and also profit booking.5234 is strong resistance and still now no pullback.Will go long there on seeing bullishness.

EurUsd

As price suggest good price to go long and good price to short.

Short after price enters the resistance zone and makes a bearish Candle.

Long after price enters the support zone and makes a bullish Candle.

Please wait for 1 hr candle to enter and make a bullish/bearish signal before taking long or short postions.

Stop loss is engulfment of the candle.

Some good intra day trade.

As above chart suggested good price to go long.

Please see how thsi chart turn out to be.

As you can see right now 5253-526X seems likea good support.

hopefully it will stick to that

I still beleive 5324 minimum spot will come before Nifty takes further action.

Due to shortage of time not able to post a lot of charts. Hopefully in Near futures will try to update in intra also.

Rupee Chart.

Rupee is giving bullish signs with target.

Stoploss of 1 hr candle below that zone.

Crude.

Crude was falling with a disaster looking ahead but usually such fall take support in monthly charts.

Please take a look.
Also please see now daily Chart where we can take a good intra day trade on showing weakness.

Level of 92XX-89XX is a fresh level with no pullback. Good short after seein 1 hr candle bearish
candle and target pullback near first support which is equivalant to a minimum of 1 ATR as target.
1 ATr of crude is almost 2.5$

Forex EUR/USD.

Daily Chart of EUR USD was showing weakness.

See the 1 hour chart of EUR USD.

As you can see 1 hr chart made red candle after price enter into Resistance,hence went short.

Since Exposure is more than 1:100 will exit on first target.While posting EUR/USD already touch

1.2637X with profit of almost 37 pips till date. Stop loss is 2 hr chart closing above high.

Copper

Copper touch it resistance and on Saturday showed gap down.

Good trade to short copper.

Dr. Reddy

Hopefully good short on Monday morning.

Bhel as chart Suggest good level to go long and good level to short.

Samecondition 1 hour bearish candle for short and 1 hour bullish candle for long in intra-day.

Stop loss closure of 1 hr candle above that level.

Evaluation of Week of June 2012 expiry

Freinds,

Most of scripts cracked from the level marked.

Even though I expected it to go quite a down bit but seems like it gave mostly ATR ,ie, Average True range for a day.

Anyway it was still quite a good trade.

Hopefully good trade for next week.

Acc for week of 1st July 2012

As Chart suggest weekly Resistance is a very good resistance for ACC.

Nifty 1st week of July 2012

As chart of Nifty above Suggest, Good support and Resistance level.
Good to go short at 5316-5349 on making of 1 hr bearish candle.

Good price to go long in intra-day between 5177-5195.
Its a new price level with no pullback till now.

Good for intra day trade.