CNX NIFTY---- A TECHNICAL VIEW (IT SEEMS PAINFUL DAYS AHEAD ) 29-3-2015

CNX NIFTY

CLOSED AT 8341.40 ON 27.3-2015

SUPPORT: -8282.70 / 8272.80 / 8269.15 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35 / 7723.85.

 RESISTANCE: - 8470.50 / 8626.95 / 8669.45 / 8788.70

 As expected nifty topped out at 9119.20 on 4-3-2015(see my last post dt- 7-3-2015) and correction began and it has corrected by 850 points till 27-3-2015 on intra day basis in 16 trading session which is huge and even now giving no sign of reasonable or smart recovery instead exhibiting gross weakness. Technically also it is running below its all short, medium and some long term moving averages which is a bad sign, short and medium term moving averages are inching down every day for negative crossover and if it happens it  could be devastating, furthermore RSI is also showing negative divergence on daily weekly and monthly chart indicating that it could seek much lower levels from here in coming days if it continues like this, therefore overall technical view is that it is tremendously weak now and all major indicator suggest that down move should continue for quite some time, however if nifty has to come out of this then it has to stage a powerful recovery now and move reasonably above 8626.95 mark and sustain but chances of which are looking extremely bleak at this point of time.

It has also broken the upper band of the long term moving average range therefore the long term up-trend is also threatened. The range of long term DMA is between 8450---8068 now (it changes every day with price movement) and if it breaks 8068 level and consistently starts trading below this mark then it could turn into a bear market and then this on- going correction could be much painful value wise & time  wise  and it may last for at least 6- 8 months and nifty could come down to unexpectedly lower levels, however in between short up –rally cannot be ruled out. Therefore for the long term up trend to stay intact it has to remain reasonably above the upper band of long term DMA which is at 8450 now.

In view of the above observation, I suggest to stay away from the long trade till it gives visible indication of bottoming out instead try short call on the rise. It is clearly sell on the rise market now.  

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-Long term up trend still intact but threatened. Looking in totality my bias is completely on the downside as of now, therefore long trade is completely ruled out for me now and I would suggest to sell on the rise.

  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

NIFTY-(SEEMS TO HAVE TOPPED OUT FOR NOW)---7-3-2015

CNX- NIFTY

The movement of Nifty on 4-3-2015 was wild it opened with a huge gap up at 9109.15 and made a new all time high of 9119.20 and was trading in the range of 9050—9075 up till 2 pm in the afternoon and thereafter started moving down and sharply plunged down to make a low of 8893.95 before closing the day at 8922.65 which was below the previous day’s low, today it showed gross weakness and in technical parlance   it is called key reversal. It strongly indicate that either nifty has topped out for now and down correction may begin before it resume up-move again or it has topped out for good and uptrend is over. It seems that it has topped out for now   provided it does not cross the level of 8996.60 and stays and then off course the all time high mark of 9119.20. Going down the critical support levels for it are at 8626.95 / 8470 / 8282.70 & 8272.80. Its long term moving averages at present it placed in the range of 8365—7985( it changes with price movement ) on 6-3-2015 therefore the first threat to the long term uptrend will be below 8365 level and trading below 8000 consistently will confirm that the uptrend is over. I would therefore define the trading range of the nifty here under in the following manner:-

(1). 8626.95---8996.60 & 9119.20

(2).8626.95----8272.80

(3).8272.80-----7985

Looking at the overall picture, I would suggest  to avoid long call now and try it only if it moves above 8996.60 and stay or after a significant decline and near 8669--8626.95 range with a stop loss of below 8590 instead short call can be tried here on the rise but below 9000 with a stop loss of above 9040.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings. Use support and resistance levels for entry, exit and trailing stop losses.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

NIFTY--CNX BANK INDEX--BSE SENSEX--Technical View For--27-2-2015

NIFTY CLOSED AT 8683.85 ON 26-2-2015

SUPPORT: - 8671 / 8626.95 / 8593 / 8535.35 / 8470 / 8445.6 / 8364 / 8282.70 /

8272.80 / 8236 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: -8726.75 / 8793.40 / 8802.50 / 8808.90 / 8841 / 8856.85 / 8873 / 8913.45 / 8996.60 / 9040 / 9065 / 9338.

Nifty opened on a firm note at 8779 and made a high of 8786.05 but could not sustain at the upper level and plunged down in the afternoon and made a low of 8669.45 before closing the day near the low at 8683.85. It is showing weakness on the chart furthermore Bse-Sensex has broken its critical support level of 28822.37 today and closed below it, so it is expected that nifty may follow it too and may break its critical level tomorrow or day after which is at 8626.95. Please note that if you look on the bar chart for last few sessions you would find that it is moving in a 7 days up & down cycle and today was the 5^th day of down cycle and if it continues with this pattern then a bottom is likely to be made on 28-2-2015 and incidentally it the Union Budget day also therefore extreme volatility and swing is expected that day on both sides so a bottom formation is most likely. I would therefore suggest to try long call on 28-2-2015 if the panic like situation prevails. The potential support points for it are at 8657 / 8626.95 / 8559 & 8470 and resistance points are at 8793.40 / 8808.90 & 8860. Avoid long call on 27-2-2015 because the bias is on the downside as of now.

Trading strategy for 27-2-2015 .

1. SELL CALL:-

(A) Sell on the rise but below 8770 with a stop loss of above 8809.

(B) Sell if it consistently trades below 8683 with a stop loss of above 8745.

(C) Sell below 8657 for sure with a stop loss of above 8690.

2, LONG CALL:- It is suggested to avoid long call on 27-2-2015.

(A) Aggressive trader can try long call only above 8770, with a stop loss of below 8750.

 

CNX-Bank Index closed at 18528.10. on 26-2-2015

SUPPORT: -18428 / 18226 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: -18728.20 / 18736.65 / 18923.60 / 19166 / 19200 / 19445 / 19532.90 / 19778.95 / 19844 / 19884 / 19992 / 20275 / 20610 / 20907.55.

Index is showing tremendous weakness on the chart and today was the 6^th straight day of fall and it has also retraced 80% of the total rise from the bottom of 18226.90 and top of 19532.Please note that if it fails to hold the level of 18488 (it has almost touched it today) then it can test or break the bottom 18226 chance of which are looking reasonably good as of now. Furthermore technically it is much weaker than Nifty and nifty is likely to make a bottom on 28-2-2015 therefore it too may make the bottom the same day  but since it has fallen for 6 days in a row it may make the bottom earlier also so be vigilant and look for bottom formation sign but avoid long trade on 27-2-2015.  The potential support points for it are at18488 /18211 & 17890 and it will face resistance at 18728 / 18736 & 18923.60.The bias is on the downside as of now.

Trading strategy for 27-2-2015 .

1. SELL CALL:-

(A) Sell on the rise but below 18728 with a stop loss of above 18750.

(B) Sell on the rise but below 18923.60 with a stop loss of above 18950

(C) Sell below 18488 for sure with a stop loss of above 18540

2, LONG CALL:-It is suggested to avoid long call on 27-2-2015.

(A) Aggressive trader can try long call if it maintains above 18740 with a stop loss of below 18700 or above 18923.60 with a stop loss of below 18890.

 BSE- Sensex  closed at 28746.65 on 26-2-2015

SUPPORT: - 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 28822.37 / 29143.63 / 29182.95 / 29231.41 / 29316.58 / 29522.86 / 29844.16

Sensex is moving in the same way the nifty is except for the sensex has broken its critical support level of 28822.37 whereas nifty is still above its critical support level ,therefore it is  most likely that sensex may also make bottom on 28-2-2015 when nifty is likely to make, so it is suggested to avoid long call on 27-2-2015  and  try it on 28-2-2015 if the panic like situation prevails. The potential support points for it are at 28621 / 28340 & 28044 and it will face resistance at 28822.37 / 28970 & 29080.The bias is on the downside as of now.

Trading strategy for 26-2-2015 .

1. SELL CALL:-

(A) Sell on the rise but below 28822.37 with a stop loss of above 28850.

(B) Sell on the rise but below 29060 with a stop loss of above 29080.

(C) Sell if it consistently trades below 28740 with a stop loss of above 28770

(C) Sell below 28690 for sure with a stop loss of above 28750.

2, LONG CALL:-It is suggested to avoid long call on 27-2-2015.

(A) Aggressive trader can try long call above 28822.37 or above 29010, with a stop loss of below 28800 & 28970.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings. Use support and resistance levels for entry, exit and trailing stop losses.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For----26-2-2015

NIFTY---CNX BANK INDEX---BSE-SENSEX---Technical View For-26-2-2015

NIFTY CLOSED AT 8767.25 ON 25-2-2015

SUPPORT: - 8726.75 / 8671 / 8626.95 / 8593 / 8535.35 / 8470 / 8445.6 / 8364 / 8282.70 /

8272.80 / 8236 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8793.40 / 8802.50 / 8808.90 / 8841 / 8856.85 / 8873 / 8913.45 / 8996.60 / 9040 / 9065 / 9338.

Nifty opened on a firm note at 8801.90 and made a high of 8840.65 and then was moving in the range of 8816—8830 for quite sometime before plunging down and made a low of 8751.40 and finally closed at 8767.25. It is not showing required strength therefore it is suggested to avoid long call now but if already initiated should be handled with extreme caution and care because the bias is on the downside as of now instead I would advice to try short call. The potential support points for it are at 8726.75 / 8691 / 8626.95 / 8559 & 8470 and resistance points are at 8793.40 / 8808.90 & 8860.

Trading strategy for 26-2-2015 .

1. SELL CALL:-

(A) Sell on the rise but below 8857 with a stop loss of above 8875 .

(B) Sell if it consistently trades below 8754 with a stop loss of above 8770

(C) Sell below 8726.75 for sure with a stop loss of above 8755.

2, LONG CALL:-

(A) One can try long call above 8809 or above 8860, with a stop loss of below 8790 & 8830   respectively but it would be safe to try it above 8860.

(B) Aggressive trader can try long call if it maintains above 8775 with a stop loss of below 8754.

 

CNX-Bank Index closed at 18733.05. on 25-2-2015

SUPPORT: -18728.20 /18428 / 18226 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: -18736.65 / 18923.60 / 19166 / 19200 / 19445 / 19532.90 / 19778.95 / 19844 / 19884 / 19992 / 20275 / 20610 / 20907.55.

Index is showing huge weakness on the chart and today it closed just above its 2^nd most important level of 18728 and break below this can pull it down to much lower levels, chances of which are looking reasonably good as of now, therefore long call is ruled out till it starts showing some strength instead I would advice to try sell call. The potential support points for it are at18728 / 18535 / 18488 & 18211 and it will face resistance in the range of 19072----19255 and then 19365----19700.

Trading strategy for 26-2-2015 .

1. SELL CALL:-

(A) Sell on the rise but below 18923.60 with a stop loss of above 18975.

(B) Sell on the rise but below 19250 with a stop loss of above 19300.

(C) Sell below 18728 for sure with a stop loss of above 18750.

2, LONG CALL:-

(A) One can try long call above 18923.60 or above 19250, with a stop loss of below 18890 & 19200 respectively but it would be safe to try it above 19250.

(B) Aggressive trader can try long call if it maintains above 18740 with a stop loss of below 18700 or above 18923.60 with a stop loss of below 18890.

 BSE- Sensex  closed at 29007.61 on 25-2-2015

SUPPORT: -28822.37 / 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 29143.63 / 29182.95 / 29231.41 / 29316.58 / 29522.86 / 29844.16.

Sensex opened on a firm note at 29115.32 and made a high of 29269.83 and then was moving in a short range for quite some-time before plunging down and made a low of 28967.61 and finally closed at 29007.99. It is not showing required strength therefore it is suggested to avoid long call now but if already initiated should be handled with extreme caution and care because the bias is on the downside as of now instead I would advice to try short call. It has critical support at 28822.37 and resistance at 29350.

Trading strategy for 26-2-2015 .

1. SELL CALL:-

(A) Sell on the rise but below 29340 with a stop loss of above 29370.

(B) Sell if it consistently trades below 28975 with a stop loss of above 29040

(C) Sell below 28875.94 for sure with a stop loss of above 28900.

2, LONG CALL:-

(A) One can try long call above 29183 or above 29350 , with a stop loss of below 29135 & 29300   respectively but it would be safe to try it above 29350.

(B) Aggressive trader can try long call if it maintains above 29040 with a stop loss of below 28975.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings. Use support and resistance levels for entry, exit and trailing stop losses.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

NIFTY---CNX BANK INDEX---BSE SENSEX---Technical View---25-2-2015

NIFTY CLOSED AT 8762.10 ON 24-2-2015

SUPPORT: - 8725 / 8671 / 8626.95 / 8593 / 8535.35 / 8470 / 8445.6 / 8364 / 8282.70 /

8272.80 / 8236 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8793.40 / 8802.50 / 8808.90 / 8833.60 / 8856.85 / 8873 / 8913.45 / 8996.60 / 9040 / 9065 / 9338.

Nifty is exhibiting huge volatility and swing on both side and it is expected to continue till the Union Budget, therefore intra-day trader can take advantage of this swing and can try both long and short call at appropriate level with proper stop loss, but please note that the bias is on downside as of now so one should be extra careful and cautious in the long trade at this point of time. It is in correction mode now and it may complete correction or may bounce back temporarily from these points 8744 / 8691 / 8626.95 / 8559 & 8470 and going up it will face resistance at 8793.40 / 8808.90 & 8860. Kindly note that  it has critical support at 8626.95 therefore long call should be avoided for sure below this point and then can be tried near 8550--- 8470 or if it bounce back again above 8626.95. Both long and short call can be taken as suggested below.

1.SHORT CALL:- Nifty movement now suggest to try  sell trade.

   (A) Sell on the rise but below 8809 with a stop loss of above 8840.

   (B) Sell below 8725 with a stop loss of above 8750 for a target of 8660.

2.LONG CALL:- Its movement suggest to avoid long call as of now but aggressive trader can try it  as mentioned below.

   (A) One can try long call above 8809 or 8860, with a stop loss of below 8790 & 8830   respectively but it would be safe to try it above 8860.

             

CNX-Bank Index closed at 18883.80. on 24-2-2015

SUPPORT: -18736.65 / 18728.20 /18428 / 18226 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: -18923.60 / 19166 / 19200 / 19445 / 19532.90 / 19778.95 / 19844 / 19884 / 19992 / 20275 / 20610 / 20907.55. 

Index is in correction mode and showing tremendous weakness and it is below its 1^st critical support level of 18923.60 also and the 2^nd most important support level is at 18728 and it almost touched it today and please note that break below this mark can drag it down to much lower level, however it may complete correction or may temporarily bounce back from these points 18728 / 18535 / 18488 & 18211 and going up it will face resistance in the range of 19081----19360 and then 19520----19850, looking at overall picture it is suggested to avoid long call completely now till it at least move above 19360 and stays instead try sell call below 18923.60 or on the rise but below 19340 similarly  those who want to try long call can try above 18923.60 but with extreme caution because the bias is on the downside therefore it is better to avoid long call till it shows some strength.

 BSE- Sensex  closed at 29004.66 on 24-2-2015

SUPPORT: -28822.37 / 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 29143.63 / 29182.95 / 29231.41 / 29316.58 / 29522.86 / 29844.16

Sensex  is in correction mode now and it may complete correction or may temporarily bounce back from these points 28822 / 28609 / 28340 & 28044 and going up it will face stiff resistance up to 29365.Therefore in overall technical view it is suggested to avoid long call till it moves above 29365 and stays instead short call can be tried either on the rise but below 29340 or below 28975 with a stop loss of above 29040 similarly aggressive trader can try long call above 29005 with a stop loss of below 28975. Please note that the bias is on the downside as of now therefore any long trade initiated should be handled with extreme caution.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings. Use support and resistance levels for entry, exit and trailing stop losses.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

Trading Calls For---24-2-2015

NIFTY--CNX-BANK INDEX--BSE-SENSEX---Technical View---24-2-2015

NIFTY CLOSED AT 8754.95 ON 23-2-2015

SUPPORT: - 8725 / 8671 / 8626.95 / 8593 / 8535.35 / 8470 / 8445.6 / 8364 / 8282.70 /

8272.80 /  8236 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8793.40 / 8802.50 / 8808.90 / 8833.60 / 8856.85 / 8873 / 8913.45 /

8996.60 / 9040 / 9065 / 9338.

Nifty opened on a firm note at 8856.85 and touched a high of 8869 for the day and then moved in a 8830—8850 range for quite some-time before plunging down and made a low of 8736.10 and closed the day at 8754.95. As expected it  encountered profit booking today ,furthermore. It also broke the lower band of the weekly range today which was at 8790 and this shows weakness. The last short term moving average support is at 8725 and break below this can drag it down to its most critical support level of 8626.95.I would therefore still advice to avoid long call below 8860 instead suggest to try short call on the rise but below 8809 with a stop loss of above 8840 or below 8725 with a stop loss of above 8740 for a target of 8735 and 8670 respectively similarly aggressive intra-day trader can try long call if it stays above 8760 on 24-2-2015 with a stop loss of below 8720 but be cautious in the long trade because short term bias is on downside. 

  

Going up it will face resistance at 8809 & 8860 and moving down it will have support at 8725 / 8670 & 8626.95. 

CNX-Bank Index closed at 18913.40. on 23-2-2015

SUPPORT: -18736.65 / 18728.20 /18428 / 18226 / 18211.50 / 18183 / 17890 / 17502.45.

RESISTANCE: -18923.60 / 19166 / 19200 / 19445 / 19532.90 / 19778.95 / 19844 / 19884 / 19992 / 20275 / 20610 / 20907.55. 

Index is exhibiting tremendous weakness and today it just closed below its critical support level of 18923.60, furthermore it is below its all short term moving averages, therefore long call should be avoided till it moves at least above upper band of its short term moving average range which is between 19030---19405(it changes every day) for 24-2-2015 but beyond this range other parameters resistance for it extends up to 19850 level ,so crossing this resistance range seems to be an uphill task for it right now,therefore long call should be avoided. Please note that long call should be completely avoided below 18923.60 for sure because then the next most critical support for it exist at 18728 and it if breaks this mark and stays then it can go in for much deeper correction. Therefore those who want to try long call can try above 18923.60 or near 18728 with a stop loss of below 18870 & 18690 but be cautious in long trade because the bias is on the downside, I would therefore suggests to try short call on the rise at appropriate level with a proper stop loss or sell below 18875 with a stop loss of above 18925.

In BSE- Sensex  closed at 28975.11 on 23-2-2015

SUPPORT: -28822.37 / 28731 / 28469 / 28406 / 28064.49 / 28044 / 27851 / 27739 / 27499.42 / 27485.77 / 27203.25 / 27091 / 26776.12 / 26469.42.

RESISTANCE: - 29143.63 / 29182.95 / 29231.41 / 29316.58 / 29522.86 / 29844.16

Sensex opened on a firm note at 29316.58 and touched a high of 29362.96 for the day and then went down and made a low of 28913.16 and closed the day at 28975.11. It encountered profit booking today, furthermore. It also broke the lower band of the weekly range today which was at 29083.40 and this shows weakness. The last short term moving average support is at 28885 and break below this can drag it down to its most critical support level of 28822.37 and if it breaks this level and stays then it can trigger much deep correction. I would therefore still advice to avoid long call below 29350 instead suggest to try short call on the rise but below 29084 and then below 29350 with a stop loss of above 29125 & 29380 or below 28975 with a stop loss of above 29020 for a target of 28885 and 28822 respectively similarly aggressive intra-day trader can try long call above 28980 on 24-2-2015 with a stop loss of below 28940 but be cautious in the long trade because short term bias is on downside.   

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings. Use support and resistance levels for entry, exit and trailing stop losses.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

NIFTY---Technical View---23-2-2015

NIFTY CLOSED AT 8833.60 ON 20-2-2015

SUPPORT: -8808.90 / 8802.50 / 8795 / 8733 / 8671 / 8626.95 / 8593 / 8535.35 / 8470 / 8445.6 / 8364 / 8282.70 / 8272.80 / 8236 / 8180 / 8160 / 8147.95 / 8065.45 / 7961.35.

 RESISTANCE: - 8841 / 8873 / 8913.45 / 8940 / 8996.60 / 9040 / 9065 / 9338.

 (Figures in bold are important)

Nifty had a 120 points range during the week ended on 20-2-2015 but it had volatile and wild swings both ways before it closed the week at 8833.60 near the lower end of the weekly movement range. Technically it is looking ok now till it holds 8710 and finally 8626.95 level, break below this can trigger deep correction. Please note that the range for coming week starting from 23-2-2015 is between 8915---8790 and break on either side will decide the movement of  the week. I would therefore suggest to avoid long call below 8802 and try short call below 8790 or near 8900 with a stop loss of above 8820 & 8920 respectively for a target of 8720 and 8810, similarly long call can be tried above 8820 with a stop loss of below 8790. Looking at the overall picture my bias is on the downside as of now, therefore one should be very cautious in the long trades. Kindly  note that volatility will remain till the Union Budget so aggressive trader can take advantage of both side trade keeping the aforesaid range in mind.

Going up it will face resistance at 8873 / 8915 / 8940 & 8996.60 and moving down it will have support at 8780 / 8710 & 8626.95. 

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

REMARK:-Long term up trend is still intact. Looking in totality my bias is on the downside as of now, therefore I would suggest to  reduce long exposure to a considerable extent before the union budget to combat the expected extreme volatility on either side after the budget.  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.