Market Analysis
The Indian stock market Open on a positive note. The BSE SENSEX
was up by 0.15% at 40,571.95, the NIFTY 50 was up by 0.50% at 11,973.55. Nifty
Bank is down by 0.25% at 23,788.30. Nifty IT was up by 1.23% at 22,107.20.
The American stock market Dow Jones was up by 0.57% at
28,586.90. The S & P 500 was up by 0.88% at 3,477.13. And NASDAQ was up by
1.39% at 11,579.94.
In the currency market, today USD/INR was up by 0.30% and was
trading at 73.227. The GBP/INR was up by 0.25% and was trading at 95.449. The
EUR/INR Was up by 0.32% and was trading at 86.597. The JPY/INR was up by 0.44%
at 69.50.
In the commodity markets, Gold Futures 04 Dec 2020 price up
by 0.50% at 5,107.1 per Gram, Silver future 04 Dec 2020 is up by 1.22% at 63,651
per Kg. Crude oil 19 Oct 2020 is down by 1.15% at 2,926 Per Barrel. And Natural
Gas 27 Oct 2020 is up by 6.14% at 214.20. Cotton is also increase by 1.24% at
18,840.
TECHNICAL ANALYSIS
USD/INR
Image Credit:- Investing.com (USD/INR)
|
Indicator |
Bollinger (U, M, L) |
RSI |
MACD |
|
|
Reading |
74.16 73.11 73.18 |
41.90 |
0.2334 0.2345 0.0086 |
|
|
Comment |
Price Below UB Price Below MB Price above LB |
Buying Zone |
Price Below Signal line Price below MACD Line Price Above MACD & Signal line |
|
|
Trend |
Mildly Bullish |
Mildly Bullish |
Bearish |
|
|
Special Notes |
The Market is expected to trade on the positive side. The market is
trading Above the 12 day MACD & 26 Day above signal line. The RSI
Suggests the market can move in an upward direction. |
|||
TRADE SUGGESTION – Hold at 73.47 to 74
GBP/INR
Image Credit:- Investing.com (GBP/INR)
|
Indicator |
Bollinger (U, M, L) |
RSI |
MACD |
|
|
Reading |
95.556 95.397 95.238 |
62.85 |
0.0783 0.7222 0.0095 |
|
|
Comment |
Price Below UB Price Above MB Price above LB |
Buying Zone |
Price Above MACD line Price below Signal Line Price Above MACD & Signal line |
|
|
Trend |
Bullish |
Mildly Bearish |
Bearish |
|
|
Special Notes |
The Market is expected to trade on the negative side. The market is
trading Below the 12 day MACD & 26 Day Below signal line. The RSI
Suggests the market can move in an Downward direction. |
|||
TRADE SUGGESTION – Sell at 95.550 Take profit at 95.399 and stop loss at
95.0
GOLD FUTURES
Image Credit:- Investing.com (Gold futures)
|
Indicator |
Bollinger (U, M, L) |
RSI |
MACD |
|
|
Reading |
51,161 51,087 51,013 |
47.92 |
21.1325 12.2037 8.473 |
|
|
Comment |
Price Below UB Price Bellow MB Price above LB |
Buying Zone |
Price Below MACD line Price Above Signal Line Price Below MACD & Signal line |
|
|
Trend |
Bearish |
Mildly Bearish |
Bearish |
|
|
Special Notes |
The Market is expected to trade on the Positive side. The market is
trading Below the 12 day MACD & 26 Day Above signal line. The RSI
Suggests the market can move in an Upward direction. |
|||
TRADE SUGGESTION – Sell at 51,088 Take profit at 51,000 and stop loss at 51,014.
NIFTY 50
Image Credit:- Investing.com(NIFTY 50)
|
Indicator |
Bollinger (U, M, L) |
RSI |
MACD |
|
|
Reading |
12,107.82 11,433.90 10,849.99 |
68.45 |
102.675 132.8905 30.210 |
|
|
Comment |
Price Above UB Price Above MB Price Above LB |
Buying Zone |
Price Below MACD line Price Above Signal Line Price Below MACD & Signal line |
|
|
Trend |
Bullish |
Bullish |
Bullish |
|
|
Special Notes |
The Market is expected to trade on the Positive side. The market is
trading Below the 12 day MACD & 26 Day Above signal line. The RSI
Suggests the market can move in an Upward direction. |
|||
TRADE SUGGESTION – Buy at 11,405 Take profit at 12,017 and stop loss at
10,849.50.
:-
Stockclaws
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