Daily View - 10 Oct, Thu

BRIEF ANALYSIS FOR POSITIONAL TRADING
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EQUITIES
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1. NIFTY:
Minor Trend - Up
Nature of Trend - Cyclic
Cycle Direction - Up
Expected upside till - 2nd week of Oct
Current price movement- Upward move is weakning
Open position: - Yesterday it reached near selling levels making a high of 6057.95. Assuming short at 6055.
Strategy - exit near 6010

2. NIKKEI:
Minor Trend - Consolidating since May 2013
Nature of trend - cyclic
Current Cycle Direction - Down
Current price movement- price approaching near a short term cycle bottom in a bigger down cycle. As mentioned, pullback

took place yesterday. It may continue today.
Open position: -
Strategy: -

3. HANGSENG:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Down
Current price movement-
Strategy:

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CURRENCIES:
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1. DOLLAR INDEX:
Minor Trend - Down
Nature of trend - cyclic
Cycle Direction - Down
Current price movement- Price is trending down
Open Position: - Selling level 80.7 reached yesterday.
Strategy: Hold with SL 80.65

2. EURUSD:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is trending up, but correction is in place which may last 1-3 days.
Open Position: - Buying level 1.35 reached yesterday.
Strategy: Hold with SL 1.35

3. JPYUSD:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is trending up but has failed to remain above breakout level and trending mode is showing weakness.
Open position: Long at 1.03
Strategy: Exit near cost

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COMMODITIES:
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1. GOLD (MCX): 29619
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is near cycle bottom. if it fails to rise, it will start trending down. Closing above 29500 will indicate good chances of an up cycle. If it closes below 29200, it will indicate further fall. Right now it is almost at bottom of an intermediate cycle.
Open Position: Long
Strategy: Hold. Use trailing SL after every 200 points rise.

2. SILVER (MCX):
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is near cycle bottom and if it fails to rise, it will start trending down. Price is following its up cycle.
Open Position: - Silver reached recommended buying level 49000.
Strategy: Hold long with 48600 SL, use trailing SL after every rise of nearly 300 points

3. COPPER (MCX):
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Down cycle may continue for 1-2 weeks
Open Position: -
Strategy: -