Research

No silver lining for silver

Silver saw a steep drop from $50 to $32 in the month of May and the rise post that has been in a corrective fashion. The above chart of silver shows a rising wedge pattern with a typical throw-over to the upside. Yesterday’s close was well below the bottom of the rising wedge and this should usher […]

Nifty, INR and Dollar Index

Some of you have requested my short term view on Nifty and here goes. The upward correction that started from 4720 saw some serious selling pressure on Friday. It is possible that this correction may have ended as per the red scenario and a new low may be coming. Alternately, the upward correction may have […]

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