India Nifty: all buy levels triggered and went long 7009,6976 and 6886 with stoploss of 6716

Bull market on.

INDIA NIFTY : My trade set up:

Long positions 7009

6976

6886

Stoploss

    6718

Take profit

7592

7548

7410

7359

My trade set up : XAU USD open to you

Short positions;

1249.03

1237.82

Stoploss

1275

Profit taking points

1180.8

1157.14

1146.55

US OIL : My trade set-up open to you

Shorting points 34.70

33.80

33.20

31.60

Stoploss

37.22

Profit taking 

points 

23.52

22.85

22.41

Fellow countrymen: Join New bull run : India Nifty from 6880 target 13300

I declare new India Nifty bull run about to start when Bank Nifty reaches 13350-13400.
Catch it.

Had the opportunity of adding more to my gold futures short at 1245

My target to exit is at 1188

I see multiple bottom support around 29.38,

In that case US OIL may spike to 35.30 and  36.46. I am on sidelines watching it, but if oil moves above 35.30, it gives me a confirmed sell opportunity.

Another idea on Gold futures seems good to me and executed

Drawing a trendline breakout with ny formula inflection point at 1248.
Gold will find it difficult to cross it.
So let me have the buy if it trade above 1245.
Meanwhile I have gone short for the target of 1156

Gold - My probable trade this week

I panicked  and exited my recent buy at 1191. But nothing to worry as I made good profit in the earlier long trade. By now the idea seems to be as long as it stays above trading point 1189 and inflection point 1222, I tell you it is going to be sideways movement and painful. But it will attempt jump above 1250-1260 zone to reach inflection point of  1319, trading point of 1321.
I am looking at reentering again if it falls below 1200 with a stoploss of 1174 for target of 1320.

1047	1047	1047
1174.185	1180.43	1321.859

1047	1047	1047	1047	1047
1419.73	1318.48	1222.74	1132.31	1176.87

While two of my ideas, gold and Nifty had gone right, I am now waiting to see results on oil

This column done by a forecast agency for US OIL. Let us see.

Table. The forecast by month:

Year	Month	Open	High	Low	Close	Average
2016	March	31	36	26	29	30
	April	29	34	24	27	28
	May	27	31	23	26	27
	June	26	30	22	25	26
	July	25	29	21	24	25
	August	24	28	20	26	25
	September	26	30	22	28	27
	October	28	32	24	29	29
	November	29	34	24	27	28
	December	27	31	23	26	27

GOLD and OIL might have sideways movement for sometime.Hence exited my postilions in both to protect my profits.

Working on when to buy Nifty : Nifty at 6816 - 6807

my calculations point out to 62% retracement of my formula

12897	20900
113.565	144.5683
31	31
82.56496	113.5683
6816.973	12897.76

12880	9118.357	6804.615	20877.39
113.4901	95.49009	82.49009	144.4901
18	13	62	49
95.49009	82.49009	144.4901	95.49009
9118.357	6804.615	20877.39	9118.357

9118	9118
0.675	0.689063
6847.878	6805.63

Bought gold 1193 ,sold crude 30.71

You can ask me questions on major market indices, energy and bullions

What I am going to do on Gold ?

I will not short gold around 1249 . I will wait for Gold Futures to stay above 1260 to enter again for target of 1311

I cleared all my positions in Gold Futures at 1237

Do you require big money to make money in financial instruments trading ?

Actually you dont need big money to increase your wealth.
Short in crude, long in gold,short in Nifty gave me some good money as written in the header last month.

You dont have to trade all day. Nowadays I rarely sit in front of my computer.
Given clear instructions to my broker stoploss, long/short entry and exit points.

The important trading rule I learnt is patiently wait for the all levels and simply follow your analysis.

AXIS BANK at 344

Further to my post 18th jan, posted in trading view ideas,

 Cash market : Buy ICICI bank shares around 192, hold it for few months for an excellent  return  

Adviced to my client

US OIL - Technically and fundamentally will not go above 35.76 as USD index strong support pegged at
95.85. I expect Oil to fall to 22 USD,USD Index to rise to 103.85, Gold riding to 1221 USD.
All points  to stock market depression, India Nifty looking at  6845, India Bank Nifty at 12950,
all instruments reach their place in relative movement to each other in steady /slow zigzag pattern.