Nifty Daily Chart update – 21 July 2011 (double bottom-descending triangle)

Dear Members,

Hope you have enjoyed the rally and booked the profit as well, Nifty moved exactly the same as mentioned in my earlier updates on 23 & 30 June 2011. Nifty did bounce back from possible double bottom formed in June 2011 and on positive diversions in momentum indicators but failed to cross the 50% Retracement level @ 5767 (Nov10 to June11).

Nifty currently ranging between 50% and 23.6% Retracement levels 5767 and 5466 respectively, watch this range carefully for any sharp break up/down.

Happy Trading.

Thanks,
Commodity Daily

nifty daily chart update 23 june 20111

nifty daily chart update 30 june 2011 double bottom1

nifty daily chart update 21 july 2011 double bottom descending triangle1

GLOBAL PIVOTS – MONTHLY – JULY 2011

Dear Members,

GLOBAL PIVOTS – MONTHLY – JULY 2011 ** P M HIGH = Previous Month High, P M LOW = Previous Month Low, S = Support , R = Resistance
COMEX
COMMODITY	P M HIGH	P M LOW	P M CLOSE	S4	S3	S2	S1	PIOVT	R1	R2	R3	R4	+ / –
GOLD SPOT	1558.25	1490.85	1500.35	1310.15	1377.55	1444.95	1466.45	1512.35	1533.85	1579.75	1647.15	1714.55	-35.45
SILVER SPOT	38.53	33.39	34.69	19.90	25.04	30.18	32.12	35.32	37.26	40.46	45.61	50.75	-3.83
CRUDE AUG 11	103.88	89.61	95.42	53.20	67.47	81.74	88.14	96.01	102.41	110.28	124.55	138.82	-7.85
LME
ALUMINIUM 3 M	2695.00	2482.00	2532.00	1921.00	2134.00	2347.00	2425.00	2560.00	2638.00	2773.00	2986.00	3199.00	-143.00
COPPER 3 M	9430.15	8864.75	9430.00	7578.78	8144.18	8709.58	9119.80	9274.98	9685.20	9840.38	10405.78	10971.18	215.00
NICKEL 3 M	23610.00	21337.00	23425.00	16111.50	18384.50	20657.50	22251.00	22930.50	24524.00	25203.50	27476.50	29749.50	-170.00
TIN 3 M	27950.00	24510.00	26050.00	15783.75	19223.75	22663.75	24257.50	26103.75	27697.50	29543.75	32983.75	36423.75	-1890.00
ZINC 3 M	2378.00	2157.50	2365.00	1649.38	1869.88	2090.38	2243.75	2310.88	2464.25	2531.38	2751.88	2972.38	99.00
LEAD 3 M	2685.00	2384.75	2684.00	1703.19	2003.44	2303.69	2522.88	2603.94	2823.13	2904.19	3204.44	3504.69	163.00
CURRENCIES
USDINR	45.1450	44.5750	44.6981	43.0652	43.6352	44.2052	44.4053	44.7752	44.9753	45.3452	45.9152	46.4852	-0.3619
USDSGD	1.2447	1.2263	1.2285	1.1768	1.1952	1.2136	1.2193	1.2320	1.2377	1.2504	1.2688	1.2872	-0.0049
EURUSD	1.4697	1.4074	1.4502	1.2575	1.3198	1.3821	1.4191	1.4444	1.4814	1.5067	1.5690	1.6313	0.0106
GBPUSD	1.6496	1.5911	1.6053	1.4373	1.4958	1.5543	1.5761	1.6128	1.6346	1.6713	1.7298	1.7883	-0.0395
SGDINR	36.5975	36.0938	36.3858	34.8546	35.3583	35.8620	36.1340	36.3657	36.6377	36.8694	37.3731	37.8768	-0.1462
DOLLAR INDEX	76.0150	73.5060	74.3030	67.0298	69.5388	72.0478	73.0985	74.5568	75.6075	77.0658	79.5748	82.0838	-0.3350
USDJPY	81.5700	79.7000	80.5600	74.9900	76.8600	78.7300	79.6300	80.6000	81.5000	82.4700	84.3400	86.2100	-0.9600
ASIAN & AMERICAN MARKETS
BSE	18873.39	17314.38	18845.87	13825.12	15384.13	16943.14	18130.91	18502.15	19689.92	20061.16	21620.17	23179.18	342.59
NSE	5657.90	5195.90	5647.40	4165.74	4627.74	5089.74	5445.58	5551.74	5907.58	6013.74	6475.74	6937.74	87.25
STRAITS TIMES	3181.53	2999.19	3120.44	2561.21	2743.55	2925.89	3034.92	3108.23	3217.26	3290.57	3472.91	3655.25	-39.49
DOW	12569.49	11862.53	12414.34	10193.73	10900.69	11607.65	12059.73	12314.61	12766.69	13021.57	13728.53	14435.49	-155.45
NASDAQ	2834.05	2599.86	2773.52	2043.06	2277.25	2511.44	2657.21	2745.63	2891.40	2979.82	3214.01	3448.20	-61.78
NIKKEI 225	9849.69	9318.62	9816.09	8122.56	8653.63	9184.70	9581.86	9715.77	10112.93	10246.84	10777.91	11308.98	122.36
This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. COMEX Technical Information COMMODITY 52W H 52W L 20D MA 50D MA 100D MA RSI 14D ADX GOLD SPOT 1577.57 1157.03 1523.95 1520.61 1486.69 59.06 15.81 SILVER SPOT 49.79 17.31 35.31 35.92 37.45 45.99 15.78 CRUDE AUG 11 115.52 76.56 94.78 98.88 102.78 43.93 20.48 LME ALUMINIUM 3 M 2803.00 1947.50 2539.75 2584.17 2597.73 39.71 16.83 COPPER 3 M 10190.00 6470.00 9265.60 9099.66 9330.45 61.59 22.05 NICKEL 3 M 29425.00 18700.00 22638.75 23359.90 25163.65 52.01 26.16 TIN 3 M 33600.00 17350.00 25709.75 27053.70 29279.00 52.73 29.58 ZINC 3 M 2638.75 1776.00 2295.93 2241.92 2323.46 50.98 20.70 LEAD 3 M 2904.00 1755.50 2597.78 2503.41 2564.58 60.36 21.26 CURRENCIES USDINR 47.3850 43.9750 44.7362 44.8317 44.8401 48.81 18.75 USDSGD 1.3870 1.2177 1.2319 1.2353 1.2465 46.21 15.75 EURUSD 1.4940 1.2523 1.4311 1.4335 1.4279 34.01 17.34 GBPUSD 1.6747 1.4965 1.6056 1.6223 1.6248 32.47 25.52 SGDINR 36.6515 33.6904 36.3161 36.3030 35.9395 53.65 9.55 DOLLAR INDEX 84.5570 72.6960 75.1049 74.9358 75.2486 63.79 19.17 USDJPY 89.1100 76.2500 80.6100 80.7800 81.5300 37.31 14.38 ASIAN & AMERICAN MARKETS BSE 21108.64 17295.62 18351.71 18338.10 18551.45 55.96 22.68 NSE 6338.50 5177.70 5508.76 5501.32 5565.28 55.71 22.61 STRAITS TIMES 3313.61 2910.21 3079.49 3111.57 3097.66 52.98 18.73 DOW 12876.00 9936.62 12241.30 12375.85 12302.95 56.93 23.38 NASDAQ 2887.75 2099.29 2722.92 2762.64 2760.84 56.64 23.60 NIKKEI 225 10891.60 8227.63 9730.54 9659.73 9800.31 66.37 25.18

This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.