Gold, Silver trade in red in early deals; 28,200 key for yellow metal

Mustafa Nadeem, Chief Executive Officer of Epic Research, said: “Gold has initial support at Rs 28,400-28,200, which if sustained can see a pullback, and that may augur well for the bulls and help them take it towards the Rs 29,400 level. Silver was trading on positive note on MCX due to the formation of a Marubozu candle at the key support at Rs 39,800, which is also a swing low. Silver has initial support at Rs 39,800-39,500 levels, which if sustained can go to higher levels at Rs 41,200-41,60 ..

Publication : The Economic Times

Sensex starts on a cautious note; Nifty50 tests 8,850; Axis Bank down 2%

“Any bearish indicator on the candlestick, from global cues or open interest data may change investor sentiment quickly. OI data still suggests a consolidated Nifty50 level of 8,900 on the higher side to 8,600 on downside. A close below 8,700 will turn the intermediate positive trend into bearish. Keeping the larger frame in mind, the buy-on-dips trend remains intact. But the thumb rule should be: Book quick profits,” said Mustafa Nadeem CEO at Epic Research.


Source :- http://economictimes.indiatimes.com/markets/stocks/news/sensex-starts-on-a-cautious-note-nifty50-tests-8850-axis-bank-down-2/articleshow/54474202.cms


Mustafa Nadeem article published in The Economic Times

Mustafa Nadeem, CEO of Epic Research, said the ‘Spinning Top’ candlestick pattern is formed at peaks and troughs and suggests exhaustion of the ongoing trend..

Source :-



Epic Research Media Coverage In The Economic Times

” The 8,660 level is simply confluence of various levels such as Fibonacci and Gann coupled with trendlines. In the short term, the immediate resistance for Nifty stands at 8,660, which if breached may take us to the next resistance at 8,710. If it doesn’t breach the resistance, we may see it touch back the 8,550 level. Range play is likely ahead of the expiry,” said‪ Mustafa Nadeem‬, CEO at Epic Research Private Limited
Source :- http://economictimes.indiatimes.com/markets/stocks/news/sensex-nifty-start-on-a-cautious-note-icici-hdfc-axis-top-losers/articleshow/53390196.cms


Publication :- The Economic Times

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