BANK NIFTY PERFORMANCE ON 10 JUILY 2013

COMMODITY UPDATES 8TH AUG

August 8, 2012 News Highlights:  The U.S. API Weekly Crude Stock fell to a seasonally adjusted annual rate of -5.35M, from -11.61M in the preceding month in turn indicating that demand for the fuel in US, world’s largest consumer of crude oil is strong.  Crude oil output from Organization of Petroleum Exporting Countries (OPEC) fell 270,000 barrels per day (bpd) in July to 31.45 million bpd from 31.72 mbpd in June, raising supply concerns in the near future.  The Federal Ministry of Economy and Technology said that German manufacturing orders declined more than expected by 1.7 percent month-on-month in June against expectations of a drop of 0.8 percent which in turn curbed gains in copper by dampening demand outlook for industrial metal.  The European Central Bank is expected to start unlimited buying of stricken member states' bonds to drive down their crippling borrowing costs and shore up its faltering economy which in turn improved demand prospects for copper and c...

NIFTY TRADING STRATEGY 10 AUG

Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,300. First resistance for the Nifty is 5,356 and next resistance 5,390 and first support for the Nifty is 5,300 and next support at 5,378.

NIFTY TRADING

Nifty trading has been the fancy for many intraday traders. They look to catch the buy and sell signals using the nifty live charts which run using the real time data. The intraday software that the trader uses is built on some robust trading strategy. This strategy is back tested using last many years of nse data. The nifty futures trading bears its many risks like the trader overtrading using brokers leverage. Or the trader making a trade using some faulty tips providers. The loss can occur if the stop loss is not applied or the stop losses are bigger than the targets. The best way to trade and to trade without the emotions of fear and greed are to use buy sell signals software with all targets and stop loss. The trader will then not need to do extensive research on the technical methods. The trader can take all the signals with ease. They will be like trading on nifty tips , but the controls will be with the intraday trader. The intraday software will also guide where to ex...

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