Buy Sell Signal Software for Share Trading

GOLD LOSING ITS SHINE—COMMODITY MARKET

With investors moving money out of gold and silver, the futures tumbled at a breathtaking speed on intraday Friday night session which witness bloodbath and butchery of gold in the commodity market. With commodity tips providers being clueless, gold futures for delivery closed at $ 1482.65 registering a loss of $ 82.25 or 5.26 per cent in intraday trading session.

Investors were selling gold like anything; earlier when the bull rally was on, investors were rushing to buy gold. The exact volt a face is taking place with investors having changed their trading strategy for gold intraday trade. The bull run has been prevailing for over a decade. Now at the first instance of a signal that the rally is fading, people are rushing out to sell gold in panic of trend reversal on technical chart.

The scale and magnitude of the loss gave a shock to investors. The best trading software struggled to find out where to put a hold on reigning down bullions. But, the technical analysis says that bounce back in gold and silver is equally expected. For the time being sentiment on gold the bearish no doubt about it and so is commodity market.

Other factors, investors were taking money out of gold and silver notwithstanding the fact that the dip in US retail sales data released yesterday that also took equity market down. Safe heaven demand in gold has virtually been wiped out.

The news that Cyprus would carry out sales of its gold assets spurred speculation that other countries in Eurozone too would follow suite thereby increasing the supply of gold in physical markets. The risks to current prices of gold in the commodity market as skewed to the downside as we move though 2013 and the fall in the prices could end up being faster and larger than the forecast.

Visit Us : www.technotrades.biz

Comments

Intraday Software Using Trading Strategy For Generating Buy Sell Auto Signals

NIFTY RANGEBOUND—STOCK MARKET DIRECTIONLESS The stock market appears to halt at a tri-junction with no absolute clue about where to move. CNX IT, however did manage to bounce back for two days but it is clearly looking like more of an bounce back when intraday indicators were slightly oversold and the index kind of manage to hold on for couple of days. It recorded about 100 to 150 pointy kind of a bounce back. The chart analysis indicates some crucial movement from here. The nifty future might see a upward swing after a sharp correction. Notwithstanding the fact, this kind of a decline was not expected. For Infosys, 2150 is an important weekly closing pivot that could be a good target for it. In fact, that is something which Intradaytrading software looks for making a pretty sure intraday trade in the stock. The technical analysis of the ni...

RUPEE PROBLEMS

The Sensex and the rupee are at critical breakdown levels after the stock market fell on Friday and the rupee was retesting its previous lows against the US dollar. The drop in the US equity markets on Friday might provide another downward nudge to Indian equities and the dollar rally could push the rupee lower on Monday. Readers of this column should not be surprised by the moves in the equity market and the rupee. We had mentioned that the Sensex was in a downtrend and was supported by the gap. The same is true of the Nifty. (Click here for charts of Nifty and here for Sensex) In last week’s article we mentioned that price gaps are demand areas and happen when the opening price of a day is higher or lower than the closing price of the previous day. Reuters When there is extreme demand prices open much higher than they closed the previous day. That’s what happened to the Sensex on 31 January when it opened at 16,965 after closing at ...

Nifty Live

Nifty buy sell signals using nifty live charts The Nifty is the most volatile tradable index on Nse since it is favourite for the intraday and positional traders. In technical analysis rules and covenants also it is taught that when trading or taking position in any stock , we need to find the direction in which the nifty is moving , so that the trade is entered in that same direction. This will give rise to a high probability trade. The nifty live charts or any intraday software can tell us about the direction of the nifty. The best trend finding strategy can be by checking the direction of any particular moving average, or by drawing a diagonal trend line. The other way is to see if it is making rising Low and Highs or falling. These are little complex to note during live intraday markets. So the better solution is to make your trading strategy more mechanical so that, the buy sell signals are generated on the live nifty charts using the real time data. ...

Search This Blog