nifty spot
outlook: in short term downtrend and more weakish than global stock mkt indices but oversold
near to short term resistance: 6000
near term support: 5800
usd index
still bullish if near term support 77.30 holds
in the short term small reversal but yet to be bullish immediately
crudeoil
comex($/bbl): in near to short term downtrend, overall sideways, long term picture as given about more than eight months ago i.e rougly support near 70 with upper tgts 90/105-110.
on mcx near term resistance 3780 support 3670
short term resistance 3825 support 3560.
4 comments:
"what more to come"??? nifty or your post :) hehe. excellent levels. thanks.
by the way this 5800 taken out 5727 62% fibo then great grand welcome to 200 dema level??? huh..y should i think overly??
sujatha, at the time of posting i wanted to give views on some more mkts and other indices.
iam a bit surprised at the selling below 5930 esp after watching the net dii and fii positive cash flows on friday.
now till a sustainable bounce does'nt happen the trend will remain as weakish.
couldn't hold the nifty for u till last friday.
$ also bullish + gold also bullish, now this "$" is "no valuable currency"???
sujatha, right now usd not overly bullish, while gold still bullish in short term....longer term we know its in uptrend. the qe's in US has been one of the reasons for weakening of us dollar and shifting to gold. have to observe dollar movement in coming days, that will decide whether it becomes more bullish or not.
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