Sai Ram Shares & Commodities: Technical Outlook For 11th Apr'14

Om Vigneshwaraya Namah Om Sriram Om Sai ram
SAI RAM SHARES & COMMODITIES

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern street ELURU - 534001 Mobile: Rajesh: 9573399376 1 Town Office: 221376 Technical outlook for 11th Apr'14
Head office 22B-2-1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II Town office: 237326
Analysis: Nifty {Fut} 6825.05 Bearish spinning top candle formed in daily charts, positional traders can hold longs with stop & reverse 6725 in NIFTY FUTURE on closing basis & it should close above 6789 approximately for being bullish for next week
Trading strategy Buy above or @ 6812 Sell below or @ 6839 Power buy above or @ 6854 Power sell below or @ 6796
Stop loss 6794 6856 6837 6814
Target 1 6829 6821 6888 6763
Target 2 6834 6816 6922 6729
Target 3 6839 6812
SRKNIFTY For Private Client Circulation NSE Certified Technical Analytics Website: www.tradingcallls.blogspot.com Email: saladi_elr2@yahoo.com The Trend is your friend until the end when it bends.

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern street ELURU - 534001 Mobile: Rajesh: 9573399376 1 Town Office: 221376
Analysis: Bank Nifty {Fut} 13005.95 Bearish harami cross candle formed in daily charts, Facing stiff resistance @ 2nd weekly resistance {13055.8} {day high is 13055.6} in spot bank nifty as mentioned in weekly cursor, positional traders can hold longs with stop & reverse 12668 in BANK NIFTY FUTURE on closing basis & it should close above 12872 approximately for being bullish for next week
Trading strategy Buy above or @ 12950 Sell below or @13062 Power buy above or @ 13120 Power short below or @ 12892
Stop loss 12887 13125 13057 12955
Target 1 13024 12988 13185 12828
Target 2 13043 12969 13251 12764
Target 3 13062 12950

Analysis: Mcx gold 28781 Falling wedge pattern {reversal happened as expected from the opening itself by gap up opening and continued till the end by closing with 1.5% gain } given good profits for the long trades & tested near to 20 ema @ 28882, positional traders can hold longs with stop & reverse 28528 on closing basis, should close above 28612 approximately for being bullish for next week
Stop loss 28687 28505 28847 28750
Target 1 28816 28365 29050 28548
Target 2 28834 28346 29195 28406
Target 3 28852 28327

Analysis: Mcx silver 43486 Given good profits for the long trades & tested 20 ema @ 43797, positional traders can hold longs with stop & reverse 43160 on closing basis, should close above 43232 approximately for being bullish for next week
Trading strategy Buy above or @ 43256 Sell below or @43684 Power buy or @43899 Power sell below or @43041
Stop loss 43030 43910 43674 43265
Target 1 43541 43399 44118 42826
Target 2 43613 43327 44337 42611
Target 3 43684 43256

Analysis: Mcx crude oil 6246 As expected reached 2nd weekly resistance {[6256] day high is 6257} given in weekly cursor, MACD crossed zero line in daily charts, positional traders can hold longs with stop & reverse 6142 on closing basis, should close above 6183 approximately for being bullish for next week
Stop loss 6219 6281 6257 6243
Target 1 6254 6246 6307 6193
Target 2 6258 6242 6338 6162
Target 3 6262 6238

Analysis: Mcx NATURAL GAS 283.4 trading above all ema including 50 ema @ 280.5, positional traders can hold longs with stop & reverse 272.1 on closing basis, should close above 278 approximately for being bullish for next week
Trading strategy Buy above or @ 279.7 Sell below or @ 285.9 Power buy above or @ 289.1 Power sell below or @ 276.5
Stop loss 276.5 289.1 285.9 279.7
Target 1 283.8 281.8 290.5 275.2
Target 2 284.8 280.8 291.9 273.8
Target 3 285.9 279.7

Analysis: Mcx COPPER406.45, Testing 20 ema @ 407.3, positional traders can hold longs with stop & reverse 404.6 on closing basis, should close above 404.7 approximately for being bullish for next week
Stop loss 404.3 408.6 407.5 405.4
Target 1 406.8 406.1 410.6 402.3
Target 2 407.1 405.7 412.6 400.3
Target 3 407.5 405.4

Analysis: Mcx NICKEL 1034.8, continued its up channel pattern in daily charts, positional traders can hold longs with stop & reverse 998.6 on closing basis, should close above 1018 approximately for being bullish for next week
Stop loss 1023.9 1047.1 1041.2 1029.8
Target 1 1037.4 1033.6 1052.3 1018.9
Target 2 1039.35 1031.7 1057.5 1013.8
Target 3 1041.2 1029.8
Note: - Follow SL strictly and check weekly analysis for correct decisions for positional trades, there is a risk of loss in trading

Weekly Analysis for the week 7th to 11th Apr'14:
TREND
S&R
SPOT NIFTY {cmp 6796.4} ABOVE 6711.17 IT WILL FACE RESISTANCE 6759.93 - 6825.52 - 6874.28 BELOW 6711.17 IT WILL FIND SUPPORT 6645.58 -6596.82 - 6531.23 should close above 6748 BEARISH 6667
SPOT BANK NIFTY {cmp 12949.4} ABOVE 12617.3 IT WILL FACE RESISTANCE 12803.75 - 13055.8 - 13242.25 BELOW 12617.3 IT WILL FIND SUPPORT 12365.25 - 12178.8 - 11926.75 should close above 12793 BEARISH 12520
MCX GOLD {CMP 28781} ABOVE 28361 IT WILL FACE RESISTANCE 28861 - 29290 - 29790 BELOW 28361 IT WILL FIND SUPPORT 27933 - 27433 - 27003 MCX SILVER {CMP 43486} BELOW 42979 IT WILL FIND SUPPORT 42518 - 42067 - 41606 ABOVE 42979 IT WILL FACE RESISTANCE 43430 - 43891 - 44342 MCX CRUDE {CMP 6246} ABOVE 6050 IT WILL FACE RESISTANCE 6168 - 6256 - 6374 BELOW 6050 IT WILL FIND SUPPORT 5963 - 5845 -5757 MCX NATURAL GAS {CMP 283.4} ABOVE 263.7 IT WILL FACE RESISTANCE 274 -281 - 291 BELOW 263.7 IT WILL FIND SUPPORT 257 - 247 -240 MCX COPPER {CMP 406.45} ABOVE 403.5 IT WILL FACE RESISTANCE 406.5 - 411.7 -414.7 BELOW 403.5 IT WILL FIND SUPPORT 398.3 - 395.4 -390.1 MCX NICKEL {CMP 1034.8} ABOVE 976.4 IT WILL FACE RESISTANCE 1009.2 - 1034.3 - 1067.2 BELOW 976.4 IT WILL FIND SUPPORT 951.3 - 918.5 -893.3 BULLISH 998.6 BULLISH 404.6 BULLISH 272.1 BULLISH 6142 BULLISH 43160 BULLISH 28528

Analyst Certification:The following analyst(s), who is (are) primarily responsible for this report, certifies that the opinion(s) on the subject security (ies) and any other views or forecasts expressed herein accurately reflect his/her personal view(s) about the subject company or companies and its or their securities, and that no part of his compensation was, is or will be directly indirectly related to the specific recommendations or views contained in this research report. Opinions expressed are his current opinions as of the date appearing on this material only. The analyst(s) of this report personally is not holding any stock position for the recommended stocks.
Disclaimer: This document is not for public distribution and has been furnished to you solely for your information and must
not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. SAIRAM SHARES & COMMODITIES, its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on basis of this report.

Branch: 7-D-43, Beside Shri Madupalli Mohana Gupta house Eastern Street ELURU - 534001 Mobile: Rajesh: 9573399376 I Town Office: 221376 Head office: 22B-2-1/1, 1st Floor Venkatarama power press road Power pet ELURU - 534002 II town Office: 237326
Email: saladi_elr2@yahoo.com
Rajesh.Saladi
Technical Research Analyst Email: Rajesh.saladielr2@gmail.com For updates follow @ www.twitter.com/rajeshsaladi & www.facebook.com/srknifty SRKNIFTY For Private Client Circulation NSE Certified Technical Analytics Website: www.tradingcallls.blogspot.com Email: saladi_elr2@yahoo.com The Trend is your friend until the end when it bends.

Sai Ram Shares & Commodities: Technical Outlook For 11th Apr'14

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Om Vigneshwaraya Namah Om Sriram Om Sai ram