Thursday, November 7, 2013

Gold Fibo Fans

--  H&S shows a breakdown below 1304-1310 zone ( posted earlier)
-- retracing below 50% on Fibo Fans..
Targets activated to levels of 1250-1260

Gold (Comex) H&S EOD

Gold Comex

EOD chart suggesting a Head & Shoulder formation...
Head at 1360+
shoulder zone 1304-1310

watch for breakout below 1300 for further confirmtion

Alternatively buy near the support zone at shoulder as mentioned above..

stuck in tight zone

Gold (Comex)

Gold
Trying to stablise at low of 1304-1310.. any move intra day above 1328 opens up 1340-1350 !!
Failure above 1328 will take it lower back to 1304-1310 zone !!

Bank Nifty

Bank Nifty CMP 11300
-- Any move below 11150 will see a follow through sale off of 550-600 points..

Naukri


Info Edge ( Naukri)

Giving a long term breakout ..
buy on dips till 200 for a larger move towards 1000 in 2-3 yrs time frame

TCS

TCS CMP 2140
-- all set to retest the old highs at 2260
-- 1st resistance at 2160
-- 2nd resistance at 2200

ideal stops at 2070+ conservative stops at 2095

HCL Tech

HCL Tech breaks 1120 + ... 1300 is now officially open .. ideal stops below 1030+