HDFC Cash Lvl | Strategy I - Sell CMP 1395 | Stop @ 1415 | Target 1370 ||| Sell Below 1365

HDFC Cash Level

Strategy I - Sell CMP 1395 | Stop @ 1415 | Target 1370

Strategy II - Sell Below 1365 Stop @ 1415 | Targt 1300 - 1230

Bank Nifty | Strategy Sell Below 20750 | Stop @ 21100 | Target 20450 - 19600

Strategy Sell Below 20750 | Stop @ 21100 | Target 20450 - 19600

NIFTY Immediate support @ 8945 - 8920 | Fall in prices expected soon

NIFTY Future
Strategy Sell CMP 8980 | Stop @ 9050 | Expected Target 8800 - 8600 - 8465
Immediate support @ 8945 - 8920

Bank Of Baroda | Strategy Sell CMP 164 | Stop @ 170 | Target 155 - 146 - 136

Strategy Sell CMP 164 | Stop @ 170 | Target 155 - 146 - 136

US Crude Double Top Formation With Downside View In near term

Trading Strategy: Sell US Crude @ CMP 48.65 Stop @ 52 Expected Target 46 - 41.8 - 39 - 35.8 - 32

Gold Forming Inverted Flag pattern Formation

Trading Strategy : Sell Comex Spot Gold Below $1255 per ounce stop @ 1291 Target @ 1230 - 1205 - 1180 - 1154

Comex Silver Forming Bearish Pennant Formation

Trade Recommendation:  Sell Silver Below $17.5 per ounce with target of 16.85 - 16.2 - 15.55 - 14.91 
Expected stop advise at 17.9 on closing basis.

A Pennant (Bearish) is considered a bearish signal, indicating that the current downtrend may continue if price sustain below the lower support trend line at $17.5 per ounce.

A Pennant (Bearish) follows a steep, or nearly vertical fall in price, and consists of two converging trend lines that form a narrow, tapering flag shape. The Pennant shape generally appears as a horizontal shape, rather than one with a downtrend or uptrend.

Apart from its shape, the Pennant is similar in all respects to the Flag. The Pennant is also similar to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration and flies horizontally.

However, as with Flags, when the Pennant completes you will often observe a sharp spike in volume.

In his book, Technical Analysis of the Financial Markets, John J. Murphy identifies that Pennants and Flags are relatively short-term and should be completed within one to three weeks". He also notes that by comparison, the bullish patterns take longer to develop than the related bearish patterns.