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Ravikanth Chopperla: 12+ years of experience in financial markets. Certified Professional in NISM- Investment Advisor (Level 1 & 2) | NISM- Equity Derivatives | NISM- Currency Derivatives | NISM- MF Distributors Certification | NISM- Retirement Advisor Certification I AAFM- Chartered Financial Goal Planner | CAN SLIM Method of Investing Krishna Venkat : 8+ years of experience in financial markets. Certified Professional in NCFM- Commodities Market Module NISM- Equity Derivatives | NISM- Research Analyst | NISM- Currency Derivatives | NISM-Securities Operations & Risk Management | NISM- MF Distributors Certification | CAN SLIM Method of Investing
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Member since Nov 2019
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@ravikanthchopperla's activity - chart - 983003
ON The MCX copper there seems to be a negative divergence with price making newer highs and the oscillator making lower highs indicating fading momentum.Now the support is near 460 sustenance below that might pull the price lower till 456.On the contrary if the support of 460 is...
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@ravikanthchopperla's activity - chart - 944470
Bullish Butterfly pattern in Crudeoil... Reversal Zone 3027 so now the support is 3020 below which it might fall further.. Till then there is a possibility of it testing 3067-3080-3092..
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MCX:GOLD - chart - 940185
COMEX Gold nearing the multi top resistance neat $1789. If sustains above $1789-1790 on Closing then another 100$ up move is possible as per the channel distance rule.If the bulls fail to break and sustain it above $1789-1790 then again a small correction till $1760-1750 possibl...
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MCX:NICKEL - chart - 939973
MCx Nickel Bullish Bat... Almost came close to the 961 termination /reversal zone(low 962.90) and now inching towards the Initial Target of 974 (cmp 971)
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@ravikanthchopperla's activity - chart - 870529
$Spot Gold trading below the 200 DAM after March this year.Now $1712 would become a solid resistance and it might fall till 1669 and the 1657$..which seems to be a good support.
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@ravikanthchopperla's activity - chart - 870528
Spot Silver has also penetrated the initial trend line support and is approaching the bigger trend line support close to $17.06.It is also trading below the 200 DMA resistance near 17.65 $ which now become the strong resistance.
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Nifty Daily View
On Monday, Nifty has left a huge price gap between the levels of 9598 and 9706. It went to 9900 levels but there it came under profit-taking pressure and finally closed at 9826 levels. Maybe today or in next one or two days, the market may try to fill the price g...
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Nifty Weekly View: Technically, on an immediate basis, the level of 9700/9750 would be a major hurdle for the market and in the short term. The markets are approaching overbought status. The strategy should be to buy on dips instead of chasing markets at higher levels. Support ex...
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Hong Kong stocks open 2% lower as Beijing prepares to impose national security legislation on the city, a move that threatens to reignite protests.
China's National People's Congress kicks off today with news it will omit a numerical GDP target for 2020
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MCX:SILVER - chart - 819417
MCX Silver has formed a Evening star pattern and might fall till46100-45600. It has also taken the trend line resistance and has breached mentioned support of 48400..Reversal above 49000.
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The reopening of economies in some of the parts of world had helped the market to move higher. However, market participants are not fully prepared for this change and therefore indices are becoming volatile. The US futures turned up during the session by 1 per cent and that has ...
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MCX:GOLD - chart - 805625
MCX Gold has formed a bearish engulfing at the top. The confirmation will be below 46550. In that scenario it can fall till 46000. Bearish engulf pattern will negate only above 47980. So until 46550 holds bulls will have a slight edge.But below 46550 the bears will get an upper ...
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Nifty Daily View
On Monday, we advised caution below the level of 9040 that has helped traders heavily. As markets are opening higher, our advice is to avoid fresh buying at the opening. Based on price pattern, Nifty has formed bearish head and shoulders pattern and today's highe...
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On Friday, optimism was evident in the Nifty since morning. The Nifty tested the patience of the bulls by falling to the levels of 9050. Technically, the double bottom formation has formed in oversold markets and at least we can expect the Nifty to move closer to 9300 with a mino...
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Nifty Daily View:
Nifty has respected to the trading range of 9250 and 9150. Nifty closed at the lower boundary of the trading range. Very short term outlook is oversold markets. Till the market is not breaking the lowest level of 9040, we should avoid taking any short sell view...
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Reflecting the movement in international market, MCX Crude May contract may open near Rs.2090 while MCX Natural gas May contract may open near Rs.129.#CRUDEOIL
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Bullion Market Update
COMEX gold trades mixed near $1740/oz after a 1.4% gain yesterday. Supporting gold is weak economic data, US-China tensions, concerns about second wave of infections and hopes of additional stimulus measures. SPDR ETF holdings have risen to April 2013 highs.
COMEX Silver has risen over 1% to trade near $17.3/oz after a 3.1% gain yesterday. Silver has risen on back of firmer gold price, robust ETF buying interest and supply concerns as Mexico plans to delay restart of mining activity by two weeks...
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MCX:GOLD - chart - 788622
Gold is trading in a sideways zone since past few days. Today it has registered a low near the support zone of 45500. Strong positional support still remains at 45300.For the day there are couple of hurdle that the bulls will have to face if they want to take the price higher....
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MCX:COPPER - chart - 788608
Copper is trading below the 200 DMA after almost a week. It can possibly test 397-395.45... 200 DMA resistance at 403.90 and strong reversal intraday resistance at 405..
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MCX:SILVER - chart - 788604
Silver is trading in a triangle consolidation after a rally from 41600 to 43800.. it has already completed more than 38.25 retracement and now the ext support is at 42740-42650 sustenance below that might take it till 42490- 42300.. However the trend remains upwards until 42100 ...
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