Intraday Trading Tips

GOLD: (Oct):- Today: Some support at 28485-27400, down side if break it will test 27000 sharply, higher-level resistance continue 28000-28300.

NIFTY FUTURE:Today: On Friday, we were bearish below 4900 and more bearish below 4800 and finally made a low 4720. Nifty Future already slipped from the high 5740 (8thJuly 2011) to low 4720 and almost wipe out more than 1000 points. So any more down side sharp recovery also.

BSE : Today: Consider resistance 16000-16050, decisively crossover and sustained with volume will move further, on the lower side support exit 15765, thereafter it will test 15650-15500. Lower level, do not panic please, any time sharp bounce back cannot be ruled out.

NiftyToday: consider resistance 4780-4800, downside support exit 4700, thereafter of overall selling cannot be ruled out. Today Magic No. 4717 decisively breaks another round of panic.

Good Morning All......

CRUDE (SEPT): Today: Time being support 3850 have been established and resistance 4000-4050 watch out.