Gold May Be Strengthening

Daily Chart  

 Gold has registered a swing failure at 1240 indicating strength. A cross above 1393 will confirm it and give a buy signal. 

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Lakshmi Ramachandran
www.vipreetsafetrading.com

Reigning The Nifty - Excerpts from Analysis for 13th June 2014

Daily Chart

 

      

  Nifty continued the sideways move with the 7580 low holding well.Line charts show a rising wedge with volumes falling and the RSI14 showing negative divergence.This is a classic indication of failing momentum and a possible reversal of the uptrend from 6638 if the rising wedge breaks.

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Happy Trading !!

Lakshmi Ramachandran
www.vipreetsafetrading.com