Daily Wealth – 28-08-2012

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ALSO FIND INTRADAY UPDATES ON TWITTER. DHAVAL SHAH@TRADINGWEALTH ON TWITTER.

Dear Investor

You are receiving Free Daily Update service called Daily Wealth. It will include technical updates on SPOT NIFTY, Stocks from NIFTY 50, USD/INR, GOLD, SILVER and CRUDE.

Calls given to Subscribers would not be part of this service.

Open Calls Given Previous Day or Before

No Open calls now.

Performance Update of 27-08-2012

BHEL stopped out

I would exit entirely from Coal India, tomorrow.

Maruti stopped out

I will exit entirely from Siemens, tomorrow.

I had given 2 intraday calls on twitter. Siemes and Reliance, both were given exit Rs. 2 below purchase price as market continued to trade directionless.

Fresh Recommendations for 27-08-2012

I am not giving any calls for tomorrow. Do follow me on twitter, as I would flash calls as and when pattern emerges.

NIFTY

Nifty stopped out, today as it closed below 5360 on closing basis. I will update, when I build position again.

USDINR

It is trading in small range of 55-56. Wait , till is decides to swing either side.

GOLD

I wrote on 16th …

Gold continues to trade in narrow range showing indecisiveness. Range continues to be 1585-1630. Closing above 1630 should confirm upside breakout. I will stay away till Gold breaks out either side.

As on every dip, Gold is coming up with higher lows, probability of upside breakout increases. I may add small position.

Update

As expected, Gold has continued to scale up. I continue to hold on long position with enhanced stop loss of 30600 on closing basis.

SILVER

I wrote on 16th

Silver is trading at upper resistance of 28.25.I have long position with closing basis stop loss of 27.65. I recommend all investors to add position in silver with mentioned stop loss for price target of 28.80 and 29.50.

Update

Silver accelerated upside further with 1% gain. I am long on Silver with buying price of 54400. I will continue to hold with stop loss of 56400 on closing basis. Silver is known for wild movements on both the sides. Trade cautiously.

CRUDE

Crude is around $ 97 now. I had added Crude position around $ 93. I raise the stop loss from 92.7 to 94.6.

Note:

Please understand, Intraday movement of Indices and Stocks change frequently and with that technical updates, too. I will post intraday updates through Yahoo Messenger. Hence, willing traders and readers can send request to Yahoo ID- dcshah76 to add their IDs .

Regards

Dhaval Shah

Blog: https://investmentacademy.wordpress.com/

Disclaimer: Daily Wealth is a free daily investment newsletter published by Investment Academy. This publication does not provide individual, customized investment or trading advice. All information is based upon data whose accuracy is deemed reliable, but not guaranteed. Performance returns cited are derived from our best estimates, but hypothetical as we do not track actual prices of customer purchases and sales. Author might have open positions in the stocks and Indices recommended above.

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