Daily View - 11 Oct, Fri

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 unless it starts trending up. Above 6120 (future), it will be a breakout and if it sustained, Nifty may see higher prices in near future.
Open position: - Exit level 6010 reached yesterday, Position closed.
Strategy -

2. NIKKEI:
Minor Trend - Consolidating since May 2013
Nature of trend - cyclic
Current Cycle Direction - Down
Current price movement- price rising in a bigger down cycle. May jump up to near 14700
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: - TSL exit
Strategy:

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 few days.
Open Position: - Long
Strategy: Exit at CMP 1.3536

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: Exited
Strategy: Buy on dip near 1.014

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COMMODITIES:
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1. GOLD (MCX):
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction -
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: TSL hit
Strategy:

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: - TSL hit
Strategy:  

3. COPPER (MCX):
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement-
Open Position: -
Strategy: -