Nifty is likely to continue uptrend and expected to reach 8100-8150 + . Buy next month 5100 call (1-2 lots) option and hold as long as Nifty is above 7790.

 

Nifty

In the last post I had mentioned the possibility of Nifty reaching 7800-7700 . Second targets is almost achieved . Nifty has breached an important support in the last trading session .Nifty is likely to go down further . 

Gold

Gold is in uptrend from few days . It is likely to reach 28000 in short term . Continue to hold long positions .

Nifty has started short term down trend . Expected targets are 7800-7700. Reversal will be closing above 8100.

Nifty

Nifty has bounced back from past two trading sessions after a sharp decline . As long as Nifty is above 7900 medium term trend will remain up . Traders can buy call option for a target of 8100-8200 in short term . Stop loss will be daily close below 7900.

Gold

This is the weekly chart of Gold  where you can see that it is trading at important support level . Major support is at 25800 and if gold reaches then traders can consider long position .

Nifty

Nifty has breached resistance at 7800 and created new high . If it sustains above 7800 then there are greater chances that it will reach 8000 -8200 in medium term . Reversal will be closing below 7800 on weekly basis . 

LT

After breaching resistance at 1475 LT made a high of 1770 . Now as you can see in the above chart 1475 which was acting as resistance is acting as support . As long as LT stays above this level Trend will be up .