IMV FOREX UPDATE
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Comex Gold

Major support at $1444. Fresh selling will do on a close below $1444 levels.

Else it could test it's resistance level of $1477 again.

More and more upside rally will see on a close above $1477.

Traders can trade safely with levels only and be cautious at lower levels for time being.

Three consecutive close + weekly close below $1444 will take it to $1390---$1360 in days to come.

More levels and updates will provide during market hours to our subscribers
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Excessive leverage and careless trading is injurious to wealth...

Last week, we clearly updated that Nifty future has a major support at 11850 levels. It made a low of 11855.30 and bounced back sharply again to 12152

Now, what to expect???

Nifty future has support at 12000 and resistance at 12200.

Two consecutive close above 12200 will take it to 12450---12480 and then to 12700 levels in days to come

Fresh selling will do on a close below 12000 levels only.

PCR stands at 1.63 which indicates heavy writing in PE. More than 20 lac PE stands at 12000 followed by 16 lac at 11900 while 10 lac CE stand at 12200 levels followed by 11 lac at 12100 levels

With data analysis and chart pattern, we suggest our traders to go long around 12080---12050 with stop loss below 12000 on a closing basis for the upside target of 12200 and more...

If you have any query then feel free to ask or email us on research@indianmarketview.com. We are here to help and guide Indian Traders and Investors.
EURUSD has just given a breakout on the weekly chart after months of falling to the lower levels. Now, we are expecting a sharp rally from bottom levels.

It has its major support at 1.0900 and immediate resistance is seen at 1.1200.

Break and close above 1.1200 will see a sharp rally towards 1.1450---1.1600 in the coming days.

If it will be unable to sustain above 1.1200, then we can expect it to test its support level again.

One can buy it on dips with a stop loss below its support of 1.0900.

Fresh selling can be done only on a close below 1.0900.

Trade with levels only.
Dollar Index took a sharp reversal from its long term trend line, we can expect an upside move from here onwards.

It has its major support at 96.50 and immediate resistance is seen at 97.30.

Break and close above 97.30 will see a sharp rally towards 98.30---99.00 in the coming days.

If it will be unable to sustain above 97.30, then we can expect it to test its support level again.

One can buy it on dips with a stop loss below its support of 96.50.

Fresh selling can be done only on a close below 96.50.

Trade with levels only.
USDINR is standing at its major support level of 70.60, we can expect a bounce back from the current levels.
Support is 70.60 Resistance is 71.10

Break and sustain above 71.10 will take it to 71.60---72.10 mark else could touch its support level of 70.60 mark again.

Fresh selling can be done only on a close below 70.60.

Break and close below it will see a further panic till 70.10---69.60 levels.

Trade with levels only
➡ COMEX SILVER

It has its major hurdle at $17.30.

If it will be unable to break and sustain above $17.30, then we can expect a downside move till $16.30---$15.40 levels in the coming days.

Fresh buying can be done only on a close above $17.30 level.

Stay cautious amid ongoing uncertainty regarding the US and China.

Trade with levels only.
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We request you all to take care of your running positions and maintain stop loss if such situations develop.

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As per some news it might happen that internet service will shut down from 10 pm today till tomorrow 10 pm.

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Dear traders,

Find out important support and resistance of Major Currency Pairs 💱💲💹 for today (24th Dec 2019)

Catch below 👇👇 our blog post with fresh levels

http://www.indianmarketview.com/2019/12/Currency-Levels-24th-December-2019

Are you reading and enjoying our daily morning levels on our blog post ?? 🤔

If you have any query then feel free to ask directly with your RM
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