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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.
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Open Calls Given Previous Day or Before
Performance Update of 26-09-2012
Intraday Calls given through Twitter and Yahoo Messenger
Fresh Recommendations for 27-09-2012
I will issue calls through Yahoo Messenger and twitter.
Nifty has been consolidating as expected with downward bias. I still expect lower levels. 5550-5600 remains support area. I will reverse the strategy only if Nifty closes above 5703 tomorrow.
Outlook does not change for Rupee–
Rupee should roam around 53.30 level. It looks very likely that in short term, Rupee will not slip below 53, will take support and will test 54-54.50. But, momentum is very strong hence I will continue to hold minor speculative positions with closing basis stop loss of 54.50 just to ensure that I am in market if Market turns wild and breaches 53.
As expected, Gold could not hold on $1772 level and came down sharply. It is trading at $1746 as I am writing and made a low of $1738. $1728-$1738 is support area for Gold. I will start buying around this level, of course I would wait for confirmation, too.
Though Gold has been holding on the support level of 31300 in Indian Price. on further slippage, Gold would find support between 30800-31080.
Silver is showing better strength than Gold. Silver fell today and found support at $33.25, level I had indicated yesterday. I will start adding Silver, if closes above 62350.
I will remain sideways. Will update as opportunity arises.
Please understand, Intraday movement of Indices and Stocks change frequently and with that technical updates, too. I will post intraday updates through Twitter(dhaval shah@tradingwealth) and Yahoo Messenger. Hence, willing traders and readers can send request to Yahoo ID- dcshah76 to add their Ids on Yahoo messenger or may follow me on twitter .
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.