intraday tips feb 17 performance profit+3212/- return +6.4%

stock tips performance feb 2017

Total number of calls given in month : 40.

Total number of stop loss triggered : 17.

Total profit making calls : 23.

Accuracy this month :58%.

 

 

Highest profitable trade in month : Rs.+1215/-.

Highest loss making trade in month : Rs.-1078/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+3212/-.

return on opening capital for month: +6.4%.

 

 

intraday tips average profit/ month : Rs. +12,000/-.

intraday tips average return on capital/ month: +24%.

intraday tips total returns on capital till now : +525%. (22 months).

option tips feb 17 performance profit+60,600/- return +121.2%

option tips performance feb 2017

Total number of calls given in month : 17.

Total number of stop loss triggered : 4.

Total profit making calls : 12.

Accuracy this month : 71%.

 

 

Highest profitable trade in month : Rs.+13500/-.

Highest loss making trade in month : Rs.-1650/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+60,600/-.

return on opening capital for month: +121.2%.

 

 

option tips average profit/ month : Rs. +20,000/-.

option tips average return on capital/ month: +40%.

option tips total returns on capital till now : +2219%. (56 months).

currency tips feb 17 performance profit+12,900/- return +21.5%

currency tips performance feb 2017

Total number of calls given in month : 9.

Total number of stop loss triggered : 3.

Total profit making calls : 6.

Accuracy this month : 66%.

 

 

Highest profitable trade in month : Rs.+5800/-.

Highest loss making trade in month : Rs.-5600/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+12,900/-.

return on opening capital for month: +21.5%.

 

 

currency tips average profit/ month : Rs. +37,800/-.

currency tips average return on capital/ month: +63%.

currency tips total returns on capital till now : +3904%. (62 months).

commodity tips feb 17 performance profit+72,075/- return +28.83%

commodity tips performance feb 2017

Total number of calls given in month : 37.

Total number of stop loss triggered : 15.

Total profit making calls : 22.

Accuracy this month : 60%.

 

 

Highest profitable trade in month : Rs.+23250/-.

Highest loss making trade in month : Rs.-19,600/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+72,075/-.

return on opening capital for month: +28.83%.

 

 

mcx tips average profit/ month : Rs. +1,03,000/-.

mcx tips average return on capital/ month: +42%.

commodity tips total returns on capital till now : +2553%. (62 months).

future tips feb 17 performance profit+1,37,680/- return +91.8%

future tips performance feb 2017

Total number of calls given in month : 25.

Total number of stop loss triggered : 7.

Total profit making calls : 18.

Accuracy this month : 72%.

 

 

Highest profitable trade in month : Rs.+32000/-.

Highest loss making trade in month : Rs.-10,400/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+1,37,680/-.

return on opening capital for month: +91.8%.

 

 

future tips average profit/ month : Rs. +76,000/-.

future tips average return on capital/ month: +51%.

future tips total returns on capital till now : +3139%. (62 months).

 

intraday cash tips performance jan 2017 profit+17062/- ROC+34.12%

intraday tips performance jan 2017

Total number of calls given in month : 47.

Total number of stop loss triggered : 13.

Total profit making calls : 34.

Accuracy this month : 73%.

 

 

Highest profitable trade in month : Rs.+2055/-.

Highest loss making trade in month : Rs.-1040/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs+17062/-.

return on opening capital for month: +34.12%.

 

 

intraday tips average profit/ month : Rs. +12,400/-.

intraday tips average return on capital/ month: +25%.

intraday cash tips total returns on capital till now : +519%. (21 months).

option tips performance jan 2017 profit+36225/- ROC+72.5%

option tips performance jan 2017

Total number of calls given in month : 15.

Total number of stop loss triggered : 3.

Total profit making calls : 12.

Accuracy this month : 80%.

 

 

Highest profitable trade in month : Rs.+6600/-.

Highest loss making trade in month : Rs.-3300/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs+36,225/-.

return on opening capital for month: +72.5%.

 

 

option tips average profit/ month : Rs. +19,070/-.

option tips average return on capital/ month: +38.2%.

option tips total returns on capital till now : +2098%. (55 months).

currency tips performance jan 2017 profit+81500/- ROC+135.8%

currency tips performance jan 2017

Total number of calls given in month : 19.

Total number of stop loss triggered : 2.

Total profit making calls : 17.

Accuracy this month : 90%.

 

 

Highest profitable trade in month : Rs.+15000/-.

Highest loss making trade in month : Rs.-9600/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs+81,500/-.

return on opening capital for month: +135.8%.

 

 

currency tips average profit/ month : Rs. +38,200/-.

currency tips average return on capital/ month: +63.7%.

currency tips total returns on capital till now : +3883%. (61 months).

commodity tips performance jan 2017 profit-16025/- ROC-6.41%

commodity tips performance jan 2017

Total number of calls given in month : 25.

Total number of stop loss triggered : 10.

Total profit making calls : 15.

Accuracy this month : 60%.

 

 

Highest profitable trade in month : Rs.+32500/-.

Highest loss making trade in month : Rs.-72500/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs-16025/-.

return on opening capital for month: –6.41%.

 

 

commodity tips average profit/ month : Rs. +1,03,420/-.

commodity tips average return on capital/ month: +41.37%.

mcx tips total returns on capital till now : +2524%. (61 months).

future tips performance jan 2017 profit+1,57,150/- ROC+104.77%

future tips performance jan 2017

Total number of calls given in month : 22.

Total number of stop loss triggered : 4.

Total profit making calls : 18.

Accuracy this month : 82%.

 

 

Highest profitable trade in month : Rs.+22500/-.

Highest loss making trade in month : Rs.-5250/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+1,57,150/-.

return on opening capital for month: +104.77%.

 

 

future tips average profit/ month : Rs. +75,000/-.

future tips average return on capital/ month: +50%.

future tips total returns on capital till now : +3047%. (61 months).

 

Comex gold silver copper 2017 technical outlook

XAU USD 2017 technical outlook

Xau/usd gold spot 2017 forecast-remain buy above 1195 tgt 1330-1510$

Gold spot or xau/usd is trading at 1205$ with gains for today. This month is the best so far for gold prices and they are continue to gain. We saw strong buying spree from lows of 1145 and now trading above 1200$ mark. In 2016, gold recovered and then corrected on profit booking but net change was gain in 2016. This long term rally will continue in 2017, and gold prices might show upside up to 1330$ and then 1510$ if they sustain above 1195$ mark. Below 1195, next major long term support will be around 1020$.

 

XAG USD 2017 technical outlook

Xag/usd silver spot 2017 forecast-breakout above 16.95$ means tgts of 20.1$-24.3$

Silver spot or xag/usd pair is trading at 16.79$ with gains in month of January. In 2016, silver is recovered from bottom of 13.74 to up to highs of 21.16$ and then corrected on profit booking. For 2017, silver spot outlook is bullish and prices are near long term bullish breakout. 16.95$ is major critical resistance for silver prices and above it trend will change to bullish side. On upside 20.1$ and then 24.3$ are 2017 target zones if breakout happens. On downside 12.8$ is major support zone as well as target zone if breakout fails.

 

COMEX COPPER 2017 technical outlook

Comex copper 2017 forecast-remain buy for targets 2.86-3.21$

Comex copper is trading at 2.66$ with strong gains in January series. Copper prices after long consolidating in 2016, given strong breakout above range at end of 2016 and closed with strong gain. Follow up buying seen in January which taking copper prices to record highs. Technically, comex copper for 2017 will remain buy and bullish above 2.4$ support level. On upside 2.86 and then 3.21$ are resistances as well as target zones for 2017. Below 2.4$, copper next long term support will be at 2.05$.

Forex market 2017 technical outlook

EUR USD 2017 technical outlook

Eur/usd yearly forecast-remain sell tgts 1.0050-0.9570

Euro dollar pair on monthly chart is in absolute downtrend and with strong bearish momentum. In 2016, we saw euro tried to gain but at the end of 2016, dollar stated it rally and pushed euro to new low. This might continue on 2017, and expect euro to slide up to 1.0050 which is my first bearish 2017 target for euro and below it euro will fall below 1.0 level to my next target of 0.9560. On upside 1.0830 is major resistance on weekly closing basis and below it traders keep long term sell on rise strategy on euro. Fresh bearish pattern in monthly chart indicators suggesting major breakdown for euro for long terms.

GBP USD 2017 technical outlook

Gbp/usd yearly forecast-remain sell tgts 1.1210 to 1.0100

Pound dollar pair is in absolute downtrend on monthly chart and after brexit we saw sharp breakdown from record levels. Pound is continuously making newer lower lows as brexit talks coming near and near. Technically, year 2017 will be bad for pound and below 1.3120 on weekly closing basis, outlook as well as trading strategy will remain sell on rise. On downside my gbp usd 2017 technical targets are 1.1210 and below it next target will be near 1.0. Look like dollar is pushing euro and pound to equality.

AUD USD 2017 technical outlook

Aud/usd yearly forecast-expect recovery rally up to 0.7750-0.83

Aussie dollar vs. US dollar pair is slowly and steadily coming of record lows. In 2016, we saw weak opening at start of 2016 and fresh low of 0.6790 after that whole year aud consolidated and slowly recovered and almost closed flat negative for 2016 which is reversal sign of chart. For 2017, on commodity boom, expect aud to remain bullish and continue to recover. Above 0.7280 on weekly closing basis my view remain bullish and long term technical targets are around 0.7750 and then 0.83. Below 0.7280, aud usd major support will be around 0.6780.

USD JPY 2017 technical outlook

Usd/jpy yearly forecast-bull run might continue for targets 126-135

Usd jpy pair is trading with heavy losses for this month which in my is buying opportunity. Usd jpy is in strong bull market and we saw correction and reversal in 2016 from 98 level. Yen will continue to drift down on BOJ actions as well as stronger DXY. For 2017, usd/jpy will remain buy on dips above 112.5 support level. On upside my 2017, technical targets for yen are 126 and then 135. Below 112.5, usd jpy next major support will be around 103.3.

USD CHF 2017 technical outlook

Usd/chf yearly forecast-remain buy tgts 1.0530-1.0880

US dollar vs. Swiss franc pair is trading at 1.0098 with loss in January 2017. But on monthly chart, usd chf pair price trend and momentum both are strong bullish. In 2016, we saw positive yearly closing for pair after correction and year-end rally in this pair. Usd chf for 2017, will remain buy on dips above 0.9980 support on weekly closing basis. On upside investors can expect fresh record high for pair around 1.0530 and then 1.0880. Below 0.9980, usd chf next major long term support zone will be 0.9630.

USD CAD 2017 technical outlook

Usd/cad yearly forecast-remain sell tgts 1.2370-1.13

US dollar vs. Canadian loonie pair is trading at 1.3126 with loss for this month. Usd cad in 2016, started strong and hit record high level of 1.4630 but then after strong profit booking and then dollar strength made it to close with loss. Usd cad pair for 2017, opened weak and might continue to correct on long term chart. For 2017, usd cad pair below 1.3530 will remain weak and sell. On downside, loonie might continue to gain and is heading towards my 2017 technical targets of 1.2370 and below it expect next big target at 1.13. On upside 1.3530 and 1.46 are major resistance zones for year 2017.

US Markets year 2017 technical analysis

dow jones 2017 technical analysis

Dow jones yearly outlook-bullish trend for tgt 20950-22050

Dow jones industrial average index this week closed at 19885 with loss. This was first negative week for Dow jones after last week’s gains. This index is now in consolidation phase on weekly chart after strong Bull Run. Though outlook still bullish from short to long term view.

Dow jones index for 2017, remain bullish and buy on dips above 18880 support level. On upside my year technical targets for Dow jones are around 20950 and then above it 22050. Dow jones index weekly chart price trend is strong bullish and now consolidating before next major move. For this week, Dow jones index above 19630 will remain bullish and buy. Might test 19630 level and then move upward towards my short term targets of 20140 and then 20500.

 

S&P 500 2017 technical analysis

S&P 500 yearly outlook-above 2175 support remain buy tgts 2355-2460

S&P 500 index this week closed at 2274 with flat positive gains. This was second positive weekly closing for this major US index. S&P 500 weekly chart price trend and momentum both are strong bullish and price continuously seeing buy on major dips.

For 2017, S&P 500 technically remain strong bullish above major support of 2175. On upside my year’s technical targets comes around 2355 and above it next target will be 2460. Expect come correction and consolidation and then once gain momentum will resume in US markets for big upside targets.

From short term view, S&P 500 for this week, above 2235 remain buy on dips for targets of 2285 and then 2325.

 

nasdaq year 2017 technical analysis

NASDAQ yearly outlook-remain bullish expect tgts 5890-6350

NASDAQ this week closed at 5574 with gain. This was second strong weekly closing for this tech index. In last 2 weeks we saw rally from below 5400 to almost up to 5600. 200 points strong gains in 2 weeks reflecting underlying demand momentum in market.

For 2017, NASDAQ will remain bullish and buy on dips above major support of 5055 level. On upside 5890 is my first technical target for this index for 2017, above 5890 next target will be around 6350.

For this week, NASDAQ already achieved my January target of 5530 and given strong breakout above it and now will trend higher towards next technical target of 5660.

 

VIX year 2017 technical analysis

VIX yearly outlook-heading towards record low levels

VIX for year 2017, opened in bearish zone and trending lower towards technical targets of 7.2 to 5 levels. Weekly chart price trend and momentum both are very bearish and prices are trending lower in oversold state. This was second negative closing for vix and below 17 level, long term trend will remain on downside. Volatility will remain high but US market outlook might remain bullish for 2017 after analyzing VIX long term technical patterns.

European markets year 2017 technical analysis

FTSE year 2017 technical analysis

FTSE-100 year 2017 outlook-heading for 7650-8200 levels

FTSE 100 Index this week closed with gain. This was sixth gaining week for FTSE 100 future. In these six weeks this index rallied from lows of 6700 to high of 7300+. 600 pints rally in 1 and half month is phenomenal.

For 2017, FTSE 100 index major support as well as breakout level was 6580. Above it this index future will remain buy on dips for investors and expect target of 7650 and then above it next target will be 8200 for this year. Weekly chart momentum is strong bullish and look like FTSE 100 might achieve 7650 in short to medium terms. Below 6580, on weekly closing basis FTSE 100 turn bearish and sell for long term and targets will be 6050 to 5000 in that scenario.

From short term view, FTSE 100 achieved my target of 7280 and now heading for 7450 zone. FTSE 100 is in Bull Run on daily chart and in last 28 session 25 sessions ended with gains.

cac year 2017 technical analysis

CAC index 2017 outlook-heading towards 5170-5500 levels

CAC index this week closed with gain at 4922. This was sixth positive week for this French major index. CAC is also in trending higher with great buying momentum. In last 6 weeks or one and half month’s index soared from lows of 4500 to almost 4950.

For 2017, CAC index price trend and momentum both are strong bullish. 4550 was major support and we saw long term bullish breakout above it and now cac is heading towards long term technical targets of 5170 and then 5500. Weekly closing below 4550 might trigger downtrend for targets 4200 and 3560. CAC index from short term view, heading towards my targets of 4970 and 5100.

dax year 2017 technical analysis

Dax 30 index 2017 outlook-heading for 12400-13300 targets

DAX 30 index this week closed with gain. This was sixth positive week for dax and in these 6 weeks we saw 1300 points rally. From low of 10400 to highs up to 11700, DAX 30 index has given dream run to investors.

DAX 30 index long term price trend and momentum both are strong bullish. On downside 10550 was major support as well as breakout level. Above this level, DAX 30 index 2017 technical targets comes around 12400 to 13300 and dax slowly and steadily moving towards it. For next week, DAX 30 index is looking bullish and after last week’s consolidating will head towards my short term target of 11800 to 12190 levels.

Asian markets year 2017 technical analysis

asx 200 future year 2017 technical analysis

S&P/ASX 200 yearly outlook-remain buy tgts 6045-6388

ASX 200 index this week closed with loss. This was first negative week for asx after last 3 weeks continues positive closings. ASX 200 long term price trend and momentum both are bullish. Rally started at 5150 levels and gained almost 700 points from base. For 2017, ASX 200 index above 5400 remain bullish and buy on major dips. On upside ASX future has 2017 target zones at 6045 and then 6388. This week asx achieved my January swing target of 5840 and seen profit booking at this resistance. Daily chart price as well as indicators patterns are weak and suggesting correction or downside in next week.

Hang Seng Index  future year 2017 technical analysis

Nikkei 225 yearly outlook-support 17900 targets 20900-22600

Nikkei 225 index this week closed with loss. After last week gains Nikkei seen some profit booking in this week. On weekly chart, Nikkei 225 future price trend and momentum both are strong bullish. For year 2017, Nikkei 225 major support zone is 17900 and above it Nikkei future will remain bullish and buy. On upside 20900 and then 22600 are long term technical targets for Nikkei 225 future in 2017. If Nikkei 225 breakdown below 17900 on weekly basis then that will be start of fresh downtrend and in that scenario target will be 16200.

On daily chart, Nikkei is correcting towards January support of 18950 but outlook still bullish and short term target still at 19700.

Nikkei 225 Index  future year 2017 technical analysis

Hang Seng Index yearly outlook-heading towards tgts 24600-27550

Hang Seng Index this week closed with gain as expected. This was third positive weekly closing for this major Asian index. In last 3 weeks, Hang Seng rallied from lows of 21500 to highs of 22900. Almost 1400 points rally and strong bullish momentum. For 2017, Hang Seng Index above 21400 support on weekly closing basis remain bullish and buy on major dips. On upside 24600 and then 27550 are target zones.

Hang Seng achieved my January short term target of 22830 and closed above it with fresh bullish breakout. Above 22800, Hang Seng Index will head towards next target as well as resistance level of 23700.

Shanghai Composite Index  future year 2017 technical analysis

SSE Composite Index yearly outlook-remain weak below 3100 tgts 2650-2200

SSE Composite this week closed with loss as expected. Shanghai Composite on long term chart looking weak and trading at major support of 3100. Weekly closing below 3100 will confirm downtrend for this index. For 2017, Shanghai Composite below 3100 remain sell and my long term technical bearish targets will be 2650 and then 2200. If hold 3100 level and sustain above it then expect upside rally up to 3560.

From short term view, Shanghai Composite has given breakdown below 3150 support and entered bearish trend for targets of 3020 and below.

BSE Sensex Index  future year 2017 technical analysis

Sensex yearly outlook-support at 25950 targets 29400-32500

BSE SENSEX this week closed at 27238 with gain as expected. On long term chart, BSE Sensex is in uptrend and taken support at 25700 levels. For 2017, BSE Sensex major support zone is 25950 and above it on weekly closing basis this index will remain bullish and buy on dips. On upside BSE Sensex long term technical targets are 29400 and then 32500.

From short term view, BSE Sensex achieved my buy targets of 26900 and 27400. Above 2750, BSE Sensex will enter super bullish trend from short term view for targets 28000 and 28400 level. On downside 26950 will act as major support zone for BSE Sensex.

Mcx energy year 2017 outlook

Mcx crude oil year 2017 outlook

Mcx crude oil yearly outlook-remain buy for targets 4300-4960

Mcx crude oil this week closed at 3588 with gain. After last week’s correction, crude oil prices seen buying on lower levels and successfully closed with gain.

On long term chart, mcx crude oil is in bullish trend and on downside 3050 is major and crucial support zone for 2017. Above it investors keep buy and accumulate on major dips strategy and expect targets of 4300 and then 4960 for year 2017.

Weekly closing below 3050 with strong price action and on volume will confirm breakdown of oil prices and start of fresh downtrend. Below 3050, mcx crude oil remain sell for long terms and on downside support as well as target zones will be 2400 to 1800. For next week, above 3535, keep buy on dips view and expect targets of 3691 and then 3830.

 

Mcx natural gas year 2017 outlook

Mcx natural gas yearly outlook-above 208 remain buy tgts 308-363

Mcx natural gas future this week closed with strong gains. Mcx natural gas after last week’s strong sell off this low of 213 in this week and seen strong buying from those levels and almost recovered half of losses in this week. From long term view, ng prices are in correction phase and testing support zones. On downside 208 is major support level for 2017 on weekly closing basis.

Above it natural gas long term outlook remain bullish and strategy remain invest on major dips for targets 308 and 363. Below 208 on weekly closing basis with strong price action and on volume means long term breakdown and bearish targets of 160 to 120 rupees.

For next week, mcx natural gas might continue its recovery rally for target 246 rupee. On downside 229 is daily closing basis support zone.

Mcx base metals year 2017 outlook

Mcx aluminium year 2017 outlook

Mcx aluminium 2017-heading for bullish targets 126-137

Mcx aluminium future this week closed with gain. This was second positive weekly closing for aluminium future. In these 2 weeks aluminium future rallied from low of 114 to high of almost 124. Total 10 rupee or 8% move in short terms and strong closing for aluminum prices. For 2017, mcx aluminium above 112 remain bullish and buy on dips. My long term targets are 126 and then above it 137. Aluminium is almost at 126 rupee and near achieving its 2017 first target. Below 112, on weekly closing basis aluminum turn bearish for 2017, and downside support as well as target zones are 101 and 87 rupees.

 

Mcx copper year 2017 outlook

Mcx copper 2017-remain buy above 361 for targets 431 and 488

Mcx copper future this week closed at 405 with strong weekly gains. This was third gaining week for copper prices and in these 3 weeks copper rallied from low of 365 to 405. On long term chart, mcx copper looking bullish and remain buy for 2017 above 361 support zone. On upside 431 and 488 are resistance zones as well as target levels for 2017. Weekly closing below 361 means long term breakdown for copper and bearish targets of 304 and 240 rupees.

 

Mcx lead year 2017 outlook

Mcx lead 2017-bullish breakout above 139 for targets 172-208

Mcx lead future this week closed with huge gains at 156.6. This was second weekly gains for lead prices and in these 2 weeks mcx lead future rallied from low of 134 to high of almost 157 rupees. Total 23 rupee or 17% gains in 2 weeks means super bullish run and strong closing for this base metal. On upside 172 and then 208 are mcx lead 2017 target zones and lead already started trending towards it at start of 2017.

 

Mcx nickel year 2017 outlook

Mcx nickel 2017-above 675 targets are 831-976

Mcx nickel future this week closed at 711.2 with flat gains. We saw high volatility in this week and narrow closing. This week nickel hit high around 725 while low was around 661. Total almost 65 rupee range in 1 weeks which almost 10% of price and flat positive closing. This was second positive week for nickel future. For 2017, mcx nickel major support zone is 675 rupees. Above it trend and long term outlook remain bullish and upside targets are 831 and 976. Below 675, mcx nickel will enter bearish trend and head for targets 530 and 375.

 

Mcx zinc year 2017 outlook

Mcx zinc 2017-above 157 remain buy for targets 219 and 265

Mcx zinc future this week closed at 189.55 with gain. This was third weekly gains for zinc prices and in these 3 weeks zinc future rallied from low of 166 to high of almost 190. Total 24 rupee or almost 15% gains in very short time and strong positive closing. For 2017, mcx zinc technically remain bullish above 158 rupee support level. On upside 219 and 265 are target zones as well as main long term resistance levels. Weekly closing below 158 means bearish breakdown of zinc for 2017 and in that scenario expect lower levels up to 114 to 90 in longer terms.

Mcx silver 2017- above 40400 target will be 47500-56000

Mcx silver 2017 yearly technical analysis

Mcx silver 2017 yearly technical analysis

Mcx silver future this week closed at 40880 with gain. This was third gaining week for silver future and in these 3 weeks we saw rally from low of 38300 to highs of 41300. Total 3000 rupees gain and strong gains in short terms.

 

For 2017, mcx silver entered into bullish zone above 40400 and heading upward. Above 40400, mcx silver will remain buy for long terms and my technical targets for 2017 are 47500 and then 56000. This week was breakout from downtrend but it will get confirmed with next week’s closing.

 

Mcx silver below 40400 on weekly closing basis turn bearish and continues primary downtrend. On downside 31900 and then 24800 are support zones as well as target levels for silver future on breakdown. Mcx silver weekly chart indicators are oversold but mixed so upside still looking uncertain in longer terms for silver prices.

Mcx gold 2017- above 28200 target will be 31400-35600

Mcx gold 2017 yearly technical analysis

Mcx gold 2017 yearly technical analysis

Mcx gold future this week closed at 28398 with gain. This was third positive week for gold prices and in these 3 weeks mcx gold future rallied from low of 26900 to high of 28500+. Total 1600 rupees or 6% gains in short terms.

 

Mcx gold future for 2017, remain bullish and buy above 28200 support level. Above 28200, gold long term outlook is bullish and my 2017 targets will be 31400 and then 35600. On weekly chart mcx gold price patterns are bullish and indicators are oversold and forming bottom.

 

If mcx gold slips below 28200 on weekly closing on strong price actions and with volume then expect trend reversal and fresh downtrend start in 2017 for this precious metal. Below 28200, mcx gold will become sell and technical support zones as well as long term targets will be 24000 and below it 21000 will be next support and bearish target zone.

 

In my view, mcx gold might continue primary downtrend after this bounce back is over and might set fresh low in 2017. Because dollar index looking very strong for 2017 and rally in US market will be double whammy for gold prices in longer terms.

Dollar-rupee 2017-above 67.7 remain bullish targets 69.5-70.8

Usd inr future 2017 yearly technical analysis

Usd inr future 2017 yearly technical analysis

Dollar rupee future this week closed at 68.27 with gain. This was third positive weekly closing for pair. In these 3 weeks rupee slides from 67.7 low to highs of 68.5+. In last 5 weeks timeframe dollar recovered from low of 67.45 to high of 68.5. Almost 1 rupee plus or 2% move from lows.

 

For 2017, usd inr future look bullish means weak rupee and strong dollar. On downside 67.7 is major support zone and above it us dollar will continue to dominate against rupee.

 

My upside long term technical target for this pair are 69.5 and then 70.8. But weekly chart indicators pattern suggesting downside for pair and are with future breakdown patterns.

 

Below 67.7, on weekly closing basis usd inr future will become bullish and sell on rise. Below 67.7, dollar will enter into downtrend against rupee and will head for my bearish targets of 66.4 and 64.7 in 2017.

 

Usd inr future weekly chart suggesting previous top of 69 rupee was major top for this pair and now it is time for major long term correction in usd inr future on improving Indian stock market fundamentals.