Sunday, April 08, 2018

Weekly Review - 09th Monday 2018

Dear All,

President Donald Trump is suggesting China will ease trade barriers "because it is the right thing to do" and Washington and Beijing can settle disputes that have rattled financial markets, consumers and businesses.

A new Trump tweet doesn't explain why he's optimistic about resolving an escalating trade clash between the world's two biggest economies.

Trump says he and Chinese President Xi Jinping "will always be friends, no matter what happens with our dispute on trade."

Trump insists "China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!"

The U.S. bought more than $500 billion in goods from China last year and now is planning or considering penalties on some $150 billion of those imports. The U.S. sold about $130 billion in goods to China in 2017 and faces a potentially devastating hit to its market there if China responds in kind.

China has pledged to "counterattack with great strength" if Trump decides to follow through on his latest threat to impose tariffs on an additional $100 billion in Chinese goods — after an earlier announcement that targeted $50 billion.

The Trump administration also is pushing for a crackdown on what it says is China's theft of U.S. intellectual property.

Conflicting messages about the trade fight have come out in recent days from some top members of Trump's team.

Treasury Secretary Steven Mnuchin has said he was "cautiously optimistic" that the U.S. and China could reach an agreement before any tariffs went into place. But he also said "there is the potential of a trade war.

>>> Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<

Weekly Price got support from 50WMA may resist @ 20 WMA.

>>> Nifty Daily Chart - Posted on 03rd April, 2018 <<<

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Wrote Clear break out above 200DMA and expect a Rally.

>>> Nifty Daily Chart - What Next ?? <<<

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Now 50 DMA may resist.

>>> Nifty Hourly Chart <<<

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Price resisted @ channel, Possible correction if unable to cross above 10350.

>>> Bank Nifty Weekly Chart <<<

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Above 50WMA may get resist @ 20 WMA.

>>> Bank Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

Price resisted @ Channel top and 200 DMA if fails to cross above may trigger some fast sell off.

>>> Bank nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Fail to cross above 24940 may see correction. Support 24620 below may try to fill the gap left.

>>> Performance till 06th April 2018 <<<

Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.

>>> N4A - Whataspp <<<