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  • September 28, 2018

Is Rupee forming Bump and Run Reversal??

As the name implies, the Bump and Run Reversal (BARR) is a reversal pattern that forms after excessive speculation drives prices up too far, too fast. It is identified in three main phases to the pattern: lead-in,bump and run

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  • September 18, 2018

USD/INR-71.80 Target Met , Mid term correction to 70.50 possible

We met our target of 71.80 by first week of September much ahead of our November Target. So far we have been consistently advising on the rupee weakness from the time rupee has breached 64.50 levels. It’s been a one side move for Rupee from 63.60 levels to recent all-time high of 72.91, a staggering 14% depreciation so far.

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  • Nitesh Sharma
  • July 23, 2018

Rupee uptrend intact till 69.70

It’s my third mail on the rupee pair , first sent on 15th march where we forecasted for 66.50 when spot was 65, then in May where we forecasted for 68.50 when spot was 67.60 and now in July we raise our forecast to 69.50-69.70 by August-September before a likely reversal( New readers may scroll below to read previous forecast).

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  • Nitesh Sharma
  • July 09, 2018

Commodity Technical Outlook: Copper/Lead/Zinc

Copper has fallen more than 12% in just couple of weeks. As seen on the chart support at 425-427 is quite strong and it’s expected to hold in the near term with chances of bounce back from here till 448-453 levels from where we would expect the selling to resume again for a deeper fall.

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  • Nitesh Sharma
  • June 18, 2018

EUR/USD Plunges on Dovish ECB

Last week has been quite an eventful week for the currencies.First we had the Euro in its free fall after ECB and chief Draghi’s remarks on post policy meeting press conference and secondly the ongoing trade war between the US and China dominated the news headlines sidelining important FED FOMC meet .

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  • Nitesh Sharma
  • June 02, 2018

NIFTY Forecast- Target 9800 by September 2018

In continuation to our last NIFTY outlook sent on April 7 , Nifty made a bounce back to 10929 levels as a corrective rally and a follow through fall is what we are expecting from coming months inspite of robust Jan –march GDP quarterly and some good corporate results.

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  • Nitesh Sharma
  • May 18, 2018

USDINR Outlook uptrend to 68.20

Refer to our HI outlook on USDINR where we had forecasted for a weaker rupee in HI. The movement has been quicker than we expected and rupee has been trading now at 67.80.

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  • Nitesh Sharma
  • May 16, 2018

Lead to target 172 in coming months

As we can see on the below mentioned daily chart Lead futures were holding the price between 150 to 157 mark for some time and the movement was restricted within the rectangle pattern as seen on the chart.

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  • Nitesh Sharma
  • Apr 07, 2018

NIFTY set to decline to 9075 in FY 18-19

Correction from January 2018 in Nifty should not have been a surprise to anybody if anyone was following the long term channel set from 2009 when NIFTY was at 2300 and it rallied to 11171 in January 2018.

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  • Nitesh Sharma
  • Mar 15, 2018

Rupee Outlook H1 2018

While Indian rupee ended 2017 on high appreciating from 67.95 to 63.55 which reversed 6 years of consecutive years of fall but so far in 2018 rupee saw a depreciation of closer to 3% in this quarter to trade near 65 now.

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  • Nitesh Sharma
  • Jan 22, 2018

Nickel Long term Outlook

Nickel is a high-luster, silver-white metal whose valuable applications have made it a significant and widely used material in the world today. Once extracted, nickel is primarily used as a refined metal, with two-thirds of global output being put towards the production of stainless steel.

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  • Nitesh Sharma
  • Oct 26, 2017

Zinc LME- Testing crucial resistance of 3230-3250 mark

As seen on the chart Zinc future prices tested crucial resistance levels of 3230-3260 levels today and it’s expected to hold at this level to confirm some more consolidation can be seen between 3030-3260 levels else a break of 3260 will be needed to confirm the trend is still up.

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  • Nitesh Sharma
  • Sept 26, 2017

USD/INR outlook-64.70 target met

In our last rupee outlook sent during first week of September ( scroll down to read previous report),we had warned our readers and clients from weakness coming in the rupee with potential target of 64.65-64.70 mark against which we already saw a high of 64.78 today and now trading at 64.65 courtesy to RBI, strong intervention seen at 64.78-64.82.

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  • Nitesh Sharma
  • Sept 02, 2017

USD/INR outlook-Rupee set to weaken in coming weeks, first target 64.20

In our last mail while we said that temperory top has been formed at 1230 and correction can be seen towards 1080 levels however as per the chart formation stiff support is seen around 1155-1165 levels which has been holding for last few sessions hence it will not a surprise to see mentha prices testing 1205 again in a day or two .

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  • Nitesh Sharma
  • Aug 04, 2017

USD/INR outlook-Short term range shifted to 63.35-63.95

Rupee finally broke through the key psychological level and previous low of 63.95- 64 after spending a good four months in the 64-65 range. While RBI intervened strongly at intervals to squeeze additional liquidity but eventually gave up to help rupee find his own levels.

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  • Nitesh Sharma
  • Aug 04, 2017

NFP Preview: Could US Jobs Data Finally Spark a Dollar Rebound

The US dollar has clearly been heavily pressured throughout most of this year, and the pressure has shown very few signs of relenting. The sharp downward trend that has developed through the first seven months of the year has partly been driven by a cumulative realization that the Trump Administration's pro-growth promises may not be as readily achieved as previously thought. Other related drivers of dollar weakness have been persistently weak inflation and lackluster economic data that have led to an increasingly hesitant Federal Reserve, which has recently begun to suppress expectations of many more interest rate hikes going forward.

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  • Nitesh Sharma
  • July 04, 2017

NFP Preview: Could US Jobs Data Finally Spark a Dollar Rebound

The US dollar has clearly been heavily pressured throughout most of this year, and the pressure has shown very few signs of relenting. The sharp downward trend that has developed through the first seven months of the year has partly been driven by a cumulative realization that the Trump Administration's pro-growth promises may not be as readily achieved as previously thought. Other related drivers of dollar weakness have been persistently weak inflation and lackluster economic data that have led to an increasingly hesitant Federal Reserve, which has recently begun to suppress expectations of many more interest rate hikes going forward.

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