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Index - Nifty 50
Nifty 50 Expected to move ahead, atleast till the week end. adx is now showing positive
trend. stochastics is also rising from oversold range. Rsi is also rising convincigly above
30 mark. this upward movement may continue till around 23-may-2011 to 24-may-2011.
then there may be a reversal.
Bullion - Silver
Silver expected to rise on moday. Change is expected from Wednessday 11 may,2011.
Adx supports bearish side. Adx is showing a negative trend. But Rsi is above 30 and is
weak.and stochastics is bellow 20. the fall is expected to be steep down. so would
expect profit bookings soon to start.and fresh sell orders to be placed soon.Investors
should not be sueprised if the silver starts sinking the same time of Usdollar index (10
may 2011 19:30 IST)
Bullion - Gold
Gold expected to peak on monday.the fall is expected to take place from Friday 13 may
2011.adx even though looks bullish but is in a confused state. Even though the Rsi is
above 30 because of jump on friday. stochastics still is trying to touch 20 mark on intra
day chart. Investors should not be sueprised if the silver starts sinking the same time of
Usdollar index (10 may 2011 19:30 IST)
Commodities - Crude
Crude Expected to sink sharply on monday May 09.2011 05:30 IST to 13:30 IST hrs.
the same is expected to happen on 12 may 2011 & 13 may 2011. it would not be a
surprise if the crude continues to sink madly towards bottom.