Thursday 9 August 2012

EURUSD_09Aug_Hourly

See How EURUSD is moving as per our last predictions..... 1st Target achieved but shortfall to 2nd target and starting retracement for the last up rally.
Then in the downmove exactly took the 1st support and now in the way to take 2nd support.
After taking the 2nd support @1.2271, we expect that it will start his upmove again which was the strong 3of3. Lets us watch. All the Best.

Took Nifty Short Position:

On Daily Chart, Nifty Future broke the yesterday low of 5345.5 and made new low @5332, and Close @ 5365. So as per bias theory, sentiment is negative.

So, as per the yesterday's and todays observation, I took the short position @5362. Similarly, Took Buy position in Put Option 5300 @50.90

All the Best!!!