Daily View - 7 Oct, Mon

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 - Short (Future sold at 5975)
Strategy - Hold (Last price 5951)

2. NIKKEI:
Minor Trend - Consolidating since May 2013
Nature of trend - cyclic
Current Cycle Direction - Down
Current price movement- price near a short term cycle bottom in a bigger down cycle. Can expect a short pullback.
Open position - Short (at 14157)
Strategy: Exit signal at EOD price of 14024

3. HANGSENG:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Down
Current price movement- Entered downtrend last week
Strategy: Sell signal should be generated on a rise in 1-2 days

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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- There is a pullback which may take it to 80.8-81.2-82
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 1-3 days.
Strategy: Buy on dips near 1.348

3. JPYUSD:
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is trending up and is about to come up from within a triangle. An upward breakout may take it to 1.065 and above.
Strategy: Wait for a buying signal on dips. Price can also breakout above 1.032 without coming down.

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COMMODITIES:
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1. GOLD (MCX):
Minor Trend - Up
Nature of trend - cyclic
Cycle Direction - Up
Current price movement- Price is cycle bottom. if it fails to rise, it will start trending down. Closing above 30300 will indicate good chances of an up cycle. If it closes below 29600, it will indicate further fall.
Open Position: SL 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. If today it remains above 48500, it will be bullish.
Open Position: -
Strategy:  

3. COPPER (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. Below 456, uptrend is under threat.
Open Position: -
Strategy: Pullback expected. Safe to buy on dips near 446