Monday, May 27, 2013

New Signal


USDINR: Buy signal has been generated on EOD value of 55.7075 (MCX) on 24 May 2013. Caution is required as it is a breakout signal, the bigger cycle is at trough but not the smaller cycle. Price may correct along with downward movement of smaller cycle, before resuming uptrend. Trading smaller cycles is recommended.

Currently open positions


  1. Dow Jones Index: Buy signal was generated on 31 Dec 2012, at 13104. Last value of DJI was 15303 as on 24 May 2013.
  2. Gold: Buy signal was generated on 18 May 2013, at INR 25924 (MCX: GOLDM). Last value was 26474 as on 24 May 2013.