ASTRA MICROWAVE (17 JUNE 2015)

BANK OF BARODA (17 JUNE 2015)

HINDALCO (16 JUNE 2015)

SUN PHARMACEUTICAL (16 JUNE 2015)

NIFTY (15 JUNE 2015)

NIFTY

INFOSYS

NIFTY

VIX

KOSPI

HANG SENG

                                                                             HANG SENG

NIKKEI

NIKKEI

N

DAX

                                                                  DAX DAILY

SHANGHAI COMPOSITE

DOW JONES INDUSTRIAL AVERAGE

CRUDE-OIL

GOLD

USD-INR

HEXAWARE 4-HOURS

HEXAWARE TECHNOLOGIES

S&P TRENDLINE

ITC

RANBAXY

EICHER MOTORS

WOCKHARDT

NIKKEI

FTSE LONG TERM CHART

SUN PHARMA CHART

DOLLAR INDEX

USD/INR BREAKOUT

USD/INR

FTSE view.

DOW JONES VIEW

EUR/USD VIEW

The euro is not out of the woods by a long shot yet, but this morning’s data suggests that EUR/USD could continue to hold above its 12-year low at 1.1100 in the near term. The chart broadly supports this view: though it’s too soon to call today’s trough a higher low, the current bullish divergence with the RSI indicators suggests that selling pressure is receding. Meanwhile, rates could be forming a bullish Piercing Candle*, which if confirmed, would indicate an intraday shift from selling to buying pressure and raise the probability of a rally from here.

In the immediate term, the February lows near 1.1280 could now provide resistance on any rallies, and if that barrier is eroded, a move back up to the 23.6% Fibonacci retracement at 1.1440 could be seen next. Of course, a run of strong US data or a renewed downturn in Europe could always change this cautiously-optimistic view of the pair, so if we see a break to new lows under 1.1100, bulls may abandon their positions as sellers press for the 1.10 level.

**A Piercing Candle is formed when a candle trades below the previous candle's low, but buyers step in and push rates up to close in the upper half of the previous candle's range. It suggests a potential bullish trend reversal.

NIKKEI 225 VIEW.

NIFTY after Budget day.

SHANGHAI COMPOSITE

SINGAPORE STRAITS TIME VIEW

VIX(FEAR INDEX)

nifty on 28 feb

NIFTY before Budget day!

TWITTER

From the above chart of TWITTER, we are able to see that TWITTER is at a very important trendline resistance around 49$-50.5$. RSI is in overbought zone and it too is showing some divergences which is a very dangerous. TWITTER'S upmove can be arrested if it does not close above the trendline resistance with a breakout on the RSI. I feel lower levels are possible. CMP(49.63$)  

VIEW ON DAX

From the above chart of DAX ,we are able to see it is at a major Fibonacci resistance point of 1.618%, RSI is also overbought @ 71 indicating lower levels are possible in DAX (CMP :11120). Fall can be steep. STRONG SUPPORT should come @ 10000. Below this there will be free fall. Target1 : 10700, Target 2: 10400, Target 3: 10000.

VIEW ON GOLD

From the above chart(daily) of gold we are able to see Gold is coming into oversold zone (34.5) on RSI and is at an important Fibonacci support of 61.8% which is at 1198. Today's low(24/02/2015) is 1194 and CMP of 1198. I think price of the yellow metal will appreciate from here on. Target 1: 1218, Target 2: 1240.

NIFTY VIEW

From the above chart of Nifty we are able to see that Nifty is forming an Evening star candlestick pattern along with trendline resistance. Nifty was moving in a triangular pattern from the highs of 8620 to lows of  7970, and it eventually Broke out of the triangle @ 8400 levels, the target was 8400+600= 9000, on 27 January it made a high of 8994 which was very near to the price pattern target. Shorts should be created in NIFTY with targets of 8500, and a high probable target of 7700 in the next 3-4 months. 

VIEW ON CRUDE OIL

From the above chart of of crude oil we are clearly able to see crude oil was moving in triangular pattern with the high 115$ and low of 65$. 115$-65$=50. The Break down of the Triangle pattern happened @ 95$ . The target of this was near 95-50=45$. The CMP is around 44.5$, it looks a lucrative bullish bet. RSI confirmed the triangle pattern and now crude oil is deeply oversold. Targets are 77$(38.2% retracement),91$(50% retracement),105$(61.8% retracement). 

View on USD INR

 From the above chart of USDINR we are able to see prices took resistance @ 50% retracement of the move from 68 odd levels to 58. I would advise to go long in USD INR with targets of  62.30, 63.5, 64.75. If by any chance if the prices close above 64.75, 68 would be a probable target. My ultimate target for USD-INR is 72. RSI confirms the USDINR contract was oversold so longs in it are justified.

VIEW ON DAX

From the above chart of DAX we are able to see clearly that DAX is is overbought zone. Earlier the prices were moving in a Triangular Pattern and finally Broke out of the pattern. Target of the pattern is decided by High-Low of the triangular pattern. 10093-9219= 900, the breakout happened @ 9800. Target for this was 9800+900=10700. Shorts should be accumulated with targets of  9870(38.2 retracement), 9600(50%retracement), 9300(61.8% retracement). If 9300 is taken out then the target is 100% retracement which is 8300.

VIEW ON DOW JONES INDUSTRIAL AVERAGE

From the above chart of Dow Jones, we are clearly able to see the prices were moving in a triangular pattern on 28 January prices have broken down from the triangular pattern, which is a very dangerous sign. Earlier the prices took support @ 38.2 retracement from the lows of 15855 to the highs of 18103. Target pattern of this comes out @ High of the Triangle pattern- Low of the Triangle pattern, 18103-17067=1036. 16200 is a possible target on Dow Jones in a couple of days. RSI confirms the breakdown of the price as it was also moving in tandem with the price, making a triangle pattern. Shorts should be accumulated for targets of 16200-16300.