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Scorpio Moon Effect To Continue Till Thursday

The effect of Scorpio Moon shall continue for the day. It shall last till Thursday’s 17.00 HRS IST.

Global Equity Indices

Last evening saw a sharp fall in various markets. Uncertainty may continue for today.

1880 is a major support of S&P 500. If this support is breached, it may drop to 1861.

As per astrology, we don’t see S&P500 sustaining below 1880.

Tomorrow onwards, markets are expected to bounce back.

On Friday, highly bullish trend is indicated.

The trend of previous Friday may again get repeated on this Friday.

Weekly closing for S&P500 FUT shall be above 1920.

Asian market shall be weak for the day and hence you are advised to avoid trading for the day.

From second half of next day, Asian market shall have a bounce back.

Today, UK market shall also behave weak.

Tomorrow, UK market may close positive.

 PRECIOUS METALS

It is anticipated to be a bullish day for bullion. This trend may flourish till next day.

INDUSTRIAL METALS

Copper shall be supportive for the day.

CRUDE OIL

Hold Crude Oil with stop loss of $29/bbl.  Weekly closing is estimated to be above $34/bbl.

It shall also bounce back from next day.

NG

NG shall be positive till next day.

On the higher side, it can re-test 2.30.

EURO

Short EUR/USD 50% @ current price (1.0930) & 50% @ 1.0960. By Friday, we are expecting it to drop to 1.0820.

USD/INR

USD/INR may move up to 68.20. Short USD/INR with stop loss of 68.33.  By Friday, it may drop to 67.70-67.60.

DOLLAR INDEX

Dollar index shall be negative for the day. Next day onwards, it shall move up and remain on the positive side till weekend.

US TREASURY BONDS

Bonds may remain slightly upward for the day but from next day, it shall decline and by Friday, it would be trading at lower levels.

INDIAN STOCK MARKET

Indian market shall have gap down opening and bearish closing.

Nifty can drop to 7350 while Bank Nifty can drop to 14800.  Avoid making any long position for the day.

 

Market shall take a bounce back from second half of next trading session and remain bullish till Friday.  Hence, you must enter into long position next day.

TRADING RANGE:

  • NIFTY FUT: 7480-7350
  • BANK NIFTY: 15300-14800

SELL:

  • AXIS BANK S/L 401 TGT 380
  • APOLLO TYRES S/L 145 TGT 135 AND BELOW

BUY:

  • DLF S/L 90 TGT 105+
  • BPCL S/L 842 TGT 870+

Live Trading Signals for US Stocks

Our viewers around the world had been demanding live trading signals for short term in US stocks and finally we started with it this week. We will be covering stock specific calls (for intra-day as well as medium term), inventory numbers and a lot more!

In case you are interested to know more, drop an e-mail to astrodunia@gmail.com.

Today’s newsletter :26th January 2016 Happy Republic Day

Important Note: In the last week, we had mentioned on our website that on 25th and 26th January, a sharp decline is anticipated in stock market and crude oil – the prediction turns out to be correct.

Daily Newsletter (26th January 2016)

HAPPY REPUBLIC DAY!

Today, Mercury shall turn direct at 18.00 HRS IST. This will reduce the overall volatility in market.

Global Equity Indices

Market shall trade upward till 29th January 2016.

The low of 1865 has been made by S&P 500 FUT. You are advised to cover complete short position and make 50% long position. You can add the rest 50% if S&p500 retests 1840-1850.

After US opening, market shall move up.

By weekend, S&P500 can touch 1920+.

Asian market shall be positive tomorrow.

Positional traders in US market can long following stocks:

  • APPLE
  • MICROSOFT
  • GE
  • HOME DEPO
  • PFIZER
  • P&G
  • JP MORGAN

TODAY’S TRADING RANGE: *March Contract for FUT

  • DOW (FUT):16700-16900
  • S&P 500 (FUT):1860-1890
  • NASDAQ (FUT):4160-4220
  • FTSE (FUT):5740-5820
  • CAC(FUT): 4230-4290
  • DAX(FUT): 9590-9800
  • AEX(FUT):410-420
  • HENG SENG(FUT):18800-19100

PRECIOUS METALS

Gold made a high of 1111. Hold short position in Gold – we are not expecting it to cross 1120. Avoid S/L until any specific notification in this context.

Short Silver @ 14.25-14.30 for target 13.90.

It may drop to 1081 or below by tomorrow.

Gold shall remain negative for tomorrow.

If 1080-1081 is seen, you should cover short position and make 50% long position.

Long 50% Silver @ 13.80-13.90.

TRADING RANGE:

  • GOLD: 1112-1095
  • SILVER: 14.30-14.00

INDUSTRIAL METALS

Hold long position in Copper – it is expected to cross 2.10 in coming days.

CRUDE OIL

You are advised to add the rest 50% long in oil @ 28.80-29.20.

In coming days, it will cross 34 and may even achieve 38.

We are expecting a highly bullish trend till 15th February 2016.

NG

NG shall continue in bullish pattern. It may move up to 2.25 anytime soon.

TRADING RANGE

  • CRUDE(MARCH):28.80-31.50
  • NG : 2.08-2.18

EURO

Book 50% profit in EUR/USD @ 1.0850. And hold rest 50% for target 1.0950.  And buy back position in EUR/USD if it retests 1.0820.

USD/INR

HOLIDAY

DOLLAR INDEX

Dollar index shall be negative till Friday. And it can drop to 98.

US TREASURY BONDS

Book 50% profit in US 10 YEAR @2.00 and US 30 YEAR @ 2.79.

Hold rest 50% for target 1.90 *US 10 YEAR & 2.70 * US 30 YEAR TREASURY BONDS.

Bonds shall continue to be positive till the weekend.

TRADING RANGE:

  • US 10 YEAR: 2.02-1.95
  • US 30 YEAR: 2.84-2.74

Market bounces back as mentioned

Global Equity Indices

As mentioned in last day’s letter, market bounced back from 1805. Today, the earlier part of US session shall be positive and then decline. Next day as well, weakness may continue in equities. This weakness shall continue till Monday.

Today, retrograded Mercury is rising in east. This shall reduce the chances of heavy declines.

Market shall be in bullish pattern till 15th / 20th February 2016.

Today, S&P500 can bounce back to 1880-1905. In the fall ahead, it could retest 1840-1820 and bounce back.

After US mid-session, you can build short position around 1880-1905 with stop loss 1920-1925 for next week.

Today, Asian market shall behave positive. Next day, Asian market may have slightly weak opening.

PRECIOUS METALS

Gold and silver are again supportive for the day. Gold achieved our target of 1110 in the last trading session.

Next day, it may encounter a minor correction in value.

Copper shall again be positive for the day.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil made a low of 27.65 last day. Today, positive trend is anticipated but next day, it may again decline.

On the higher side, it could move up to 29.50-30.00 today but next day, it’ll again drop.

NG

NG shall be positive for the day.

EURO

You are advised to book profit in short position of EUR/USD around 1.0870 and accumulate 50% long position around 1.0870. After 1-2 hour of US opening, EUR/USD shall start moving up and remain positive for the next day.

USD/INR

With stop loss of 68.20, short USD/INR for target 67.50. Technically if it sustains above 68.20, it may move up to 68.50.

DOLLAR INDEX

Dollar index shall be negative till US opening. It can drop down to 98.80 and then shall again be positive. It shall remain positive for next day.

US TREASURY BONDS

Bonds shall be trading downward till US opening. US 10 YEAR treasury can drop to 2.04-2.05 while US 30 YEAR treasury can drop to 2.85-2.90.

After early US session, it’ll move up and remain positive for next day. Around early US session, you can long bonds.

INDIAN STOCK MARKET

Gap up opening is expected for today (as mentioned in last day’s letter). After 12.30 HRS IST, market may turn uncertain.

Next day, market may be slightly negative.

 

TRADING RANGE:

  • NIFTY FUT: 7280-7400
  • BANK NIFTY: 14800-15300

INTRADAY BUY:

  • RELIANCE INFRA
  • KOTAK BANK
  • YES BANK
  • SUN PHARMA
  • SBI
  • CENTURY TEXTILE

When Will Market Bottom Out?

Global Equity Indices

Last day, it was notified that due to Moon-Saturn conjunction (today), a sudden fall would be observed (especially with Asia’s opening).

Around 09.30 AM (IST), markets are expected to bounce back from lows. However, uncertainty may last till US opening. From there, market will gradually move up. US market shall be bullish for the day.

This will turn next day’s opening to the positive side for Asia. This upward move may last till next day’s US opening. From there, market can again decline. Friday seems to be another negative day.

With S/L of 1840, long S&P 500 March Fut for target 1920-1950.

Last day, at Asian time S&P500 made a high of 1907 and then declined to 1857.

The lows being made today in stock market shall not be breached till 29th January. It may make a top in the said time frame. However this Friday is a negative day.

PRECIOUS METALS

Bullion shall be positive for the day with some volatility. Last day, Gold made a high of 1094 while Silver made a high of 14.16.

Today, Gold can try to cross 1100 while Silver can cry to cross 14.20.

INDUSTRIAL METAL: COPPER

Copper shall be positive for today and tomorrow. Long Copper with stop loss of 1.95.

CRUDE OIL

Crude Oil made a high of 31.50 in last week. With S/L of 28.60, long crude oil march contract for target of 31.50-32.10 by tomorrow.

If 32.20 is crossed then it’ll enter bullish pattern.

NG

NG shall trade in mixed to positive trend. It made a high of 2.15 in the previous trading session. Long NG with stop loss of 2 for target of 2.15-2.25.

EURO

EUR/USD can drop to 1.0800 by next day.

Around 1.0920-1.0930, short 50% EUR/USD for target 1.0860 and below.

USD/INR

Sell USD/INR with stop loss of 68.10 for target 67.80-67.50.

DOLLAR INDEX

Dollar index shall be weak / negative for today and tomorrow.

US TREASURY BONDS

Negative trend is forecasted for bonds in the next 2 days.Hold short position for tomorrow.

INDIAN STOCK MARKET

Indian market shall be highly volatile for the day. Gap down opening may be observed followed by recovery. Uncertainty may be seen.

In the previous trading session, NIFTY FUT made a high of 7475 and BANK NIFTY had a high of 15375.

Today, you can long NIFTY FUT with stop loss 7340 for target 7420-7480 and BANK NIFTY with stop loss 14800 for target 15300+.

TRADING RANGE:

  • NIFTY FUT: 7350-7450
  • BANK NIFTY: 14900-15350

BUY ON DIPS:

  • RELIANCE INDUSTRIES
  • YES BANK
  • CENTURY TEXTILE
  • RELIANCE INFRA

 

Future of S&P500 and precious metals

Global Equity Indices

Last night, US market experienced a sudden fall on concern of China and oil. Today, uncertainty may continue.

Mercury and Sun shall be changing houses today – which shall be supportive for the stock market.

Strict S/L is advised to be used with any long position.

In the weekly letter, it was mentioned that if S&P500 FUT breaks 1880, it may drop to lows of August 2015. S&P 500 made a low of 1874 while DOW made a low of 16000. With S/L of 1860, add long position in S&p500 FUT for target 1940-1960. Major hurdle for S&p500 FUT is 1965.

It is felt that low has been made and market will move back to upper levels soon.

Precious Metals

Last day, Gold made a low of 1079 while Silver made a low of 13.75.

Gold made a high of 1093 in the previous trading session while Silver made a high of 14.16.

It was advised to book 50% PROFIT at higher level and hold rest with stop loss 1077 (GOLD) & 13.60 (SILVER) for target 1120+ (GOLD) and 14.50+ (SILVER).

If 1080-1084 is retested, you can add long position in GOLD with S/L 1077.

Industrial Metals/ Copper

Hold long in Copper with stop loss of 1.94. for target of 1.98-2.02

CRUDE OIL

Hold long in Crude Oil with stop loss of 29.40. Anytime by 19th, it’ll retest 34.

NG

NG shall continue in weakness. Cover 50% short position around 2.25-2.26 and hold rest 50% for target 2.21.

EURO

Sell EUR/USD on rise.

USD/INR

Sell USD/INR on rise.

DOLLAR INDEX

Sell dollar index on rise.

US TREASURY BONDS

With stop loss of 2.00, hold position in US 10 YR treasury bonds and 2.80, hold position in US 30 YR treasury bonds.

INDIAN STOCK MARKET

Indian market shall be volatile for the day. Last we had let you know before opening about possible breach in levels followed by recovery in second half – the predictions came out to be true.

Market shall be uncertain for the day. Use S/L of 7400 and long Nifty Fut. Use S/L of 15400 and long BANK NIFTY.

TRADING RANGE:

  • NIFTY FUT: 7420-7580
  • BANK NIFTY: 15480-15800

You can buy following stocks in DELIVERY:

  • CENTURY TEXTILE
  • ARVIND MILLS
  • AUROBINDO PHARMA

 

SELL:

  • AB NUVO S/L 2200 TGT 2120
  • TATA STEEL S/L 250 TGT 235

[ANNUAL LETTER 2016 is out. Call +91-9669919000 or e-mail: astrodunia@gmail.com for details]

Market View for 13th January 2016

Global Equity Indices

Global equities shall trade upward today onwards with volatility. S&P500 shall be back to 2000-2020 by weekend. You are advised to long INTEL, APPLE, HOME DEPOT, MICROSOFT (hold existing long), AMAZON, COCA COLA and United Health.

It is advisable to book partial profit in S&P 500 at 1938-40. And at 1930, you could add long position.

Next day as well, positivity is expected.

Precious Metals

Gold and Silver are expected to trade upward for today and tomorrow. S/L for long position in GOLD: 1077 and SILVER: 13.60.

MCX traders shall use S/L of 25500 for GOLD and 33100 for SILVER.

Industrial Metals

Long Copper with stop loss of 1.94. It shall move up from today.

CRUDE OIL

Hold long position in Crude Oil with stop loss 29.40. It is expected to move up from today. If it crosses 32.20, add more long position for target 34-36.

NG

NG shall trade in mixed trend but is in an overall weak trend.

EURO

EUR/USD shall move up from today. Buy EUR/USD at lower level.

USD/INR

Sell USD/INR on rise.

DOLLAR INDEX

Dollar Index shall trade downward till the end of week.

US TREASURY BONDS

Bonds shall move downward till Friday. US 10 Year can drop to 2.26-2.28 while US 30 Year can drop to 3.01.

INDIAN STOCK MARKET

Indian market shall be positive for the day with some volatility. Market may experience gap up opening followed by profit booking and then upward move from 11.00 HRS IST. In the last 1 hour of trading as well, market shall be positive.

Next day as well, bullish trend is indicated.

Nifty may move up to 7700-7800 by the weekend.

TRADING RANGE:

  • NIFTY FUT: 7540-7620
  • BANK NIFTY: 15600-16100

You can book 50% profit in BTST calls of last trading session today at opening.

BUY ON DIPS:

  • RELIANCE INDUSTRIES
  • MARUTI
  • RELIANCE INFRA
  • CENTURY TEXTILE
  • JSW ENERGY
  • SBI
  • YES BANK

Time ahead for S&P500 FUT and commodities : Part of today’s letter

GLOBAL EQUITY INDICES

Last week, Chinese crisis caused a big fall in stocks around the globe. S&P 500 FUT made a low of 1912 and closed at this very level. This week is supposed to be positive for equities. Any time between Monday and Tuesday, a fall may be seen. It is highly possible that market closes positive after making a low on Monday. This week’s closing is expected to be bullish. S&P500 FUT may move up to 1980-2000 in this week. Major support for S&P500 FUT lies at 1880-1900. These support levels aren’t anticipated to be breached. If anyhow breached, it may re-test August’s low of 1867 – chances are really less for this to happen. Major support for DOW FUT lies at 16000.
18th is a holiday in US market.
On Monday, you can accumulate long position over following stocks in US market:
– APPLE
– MICROSOFT
– JP MORGAN
– ABX
– CLF

PRECIOUS METALS

Gold made a high of 1113 last week and closed at 1103 while Silver made a high of 14.30 and closed at 13.93.

This week is anticipated to be bullish for bullion. On Monday, mixed trend is expected. Tuesday to Thursday shall be really bullish for Gold and Silver. On Friday, mixed to weak / profit booking trend is indicated.

On Monday, Gold shouldn’t drop below 1090. On the higher side, it may cross 1120 in this week (especially Thursday) and may even reach 1130-1140.

13.80 is not expected to be breached by Silver and on the higher side, it may cross 14.60.

In this week, Silver is more positive than Gold.

INDUSTRIAL METALS

Monday onwards, Copper shall also be positive.

For the entire week, Copper and base metals shall be positive.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil has major support at 32. Monday onwards, positive trend is indicated. It may cross $35/bbl and even reach $38/bbl in this week.

NG

Monday onwards, profit booking is indicated in NG. 2.48 is a major hurdle – if it is crossed then NG may reach 2.60-2.65.

As per astrology, trend is negative hence you can build short position with stop loss 2.50.

EURO

EUR/USD shall drop on Monday. Tuesday onwards, EUR/USD shall be positive till end of week. On the higher side, it may hit 1.1100 and on the lower side, it may drop to 1.0800.

USD/INR

USD/INR may trade upward on Monday. It may move up to 67. In Tuesday to Friday, it may drop to 66.

DOLLAR INDEX

Dollar index shall trade upward on Monday. On the higher side, it may reach 99 (at the most).

Tuesday onwards, negative trend is forecasted till the weekend – it may drop to 97.

US Treasury Bonds

Monday to Friday shall be weak for US Treasury bonds.

On the lower side, US 10 YR may move  to 2.28-2.30 and US 30 YR may move to 3.00+.

Indian Stock Market

Indian market may experience weakness on Monday. Nifty may retest 7500. 15900 is a major support for Bank Nifty.

TRADING RANGE:

  • NIFTY FUT: 7540-7640
  • BANK NIFTY: 15900-16400

By this week’s closing, Nifty may move up to 7750-7800 while Bank Nifty may move up to 16500+.

On Monday, you can accumulate long position in following stocks at lower levels:

  • L&T FINANCE
  • SBI
  • MARUTI
  • HINDALCO
  • KOTAK BANK
  • ICICI BANK
  • BHEL
  • CAIRN INDIA
  • HAVELLS
  • JUSTDIAL
  • JSW ENERGY

Next day, market shall turn positive.

Get the astrological and technical insights of 2016 from Annual Letter 2016. Order your copy NOW!

Trend from 8th January 2016

GLOBAL EQUITY INDICES
Last day, equity markets experienced sharp correction owing to the issue in China. The negative trend in China dominated and directed flow in other markets including US, India and Europe.
Scorpio Moon shall end at 09.30 AM (IST). After this, we are expecting the market to recover. If recovery is sustained, closing may be positive but this is not a very sure thing to happen. If market closes negative today (after non-farm payroll announcement), Monday too could be impacted with a bearish trend.
After next Monday, equities are expected to turn bullish (post US Opening). This bullishness may continue till 25th January (with volatility).
For today, if market closes positive – MONDAY shall not be negative.
S&P500 FUT made a low of 1928. Use this level as stop loss with long position in S&P 500 FUT.
PRECIOUS METALS
Gold made a high of 1113 last night while Silver made a high of 14.33. If trend in Gold and Silver moves up before non-farm payroll announcement then it’ll be negative post announcement.
And if the trend seems negative before non-farm payroll announcement, it shall turn positive post announcement.
Overall perspective: Next week, trend is positive for bullion. Use S/L of 1090 in GOLD, 13.90 in SILVER and accumulate long position in bullion at lower levels.
By February 2016, we are expecting Gold to reach 1160+ and Silver to reach 15.00+.
Next Monday onwards, positive trend is indicated for bullion.

COPPER

Copper made a low of 2.00 in the last trading session. Base metal shall move up soon – next week trend shall be positive. Use last day’s lows as S/L in long position of base metals.

CRUDE OIL

Crude Oil made a low of 32.30 in the last trading session. It made a high of 34.00. With S/L of 32, build long position in crude oil. Hold this position for next week.

NG

Bullish trend is indicated in NG. It may hit 2.45 soon. A major astro-resistance lies at 2.47. Around 2.45, you can short NG with stop loss 2.50 for target 2.30.

If it sustains above 2.47, it can go up to 2.65.

Yet, the trend is negative today onwards.

CURRENCY PAIRS

EURO

EUR/USD made a high of 1.0890. Around 1.0880-1.0920, you can build short position in EUR/USD for target 1.0800.

USD/INR

You should book 50% profit in short position of USD/INR @ 66.50 and hold rest for next week.

DOLLAR INDEX

Dollar index shall continue to be negative for the day and next week. Top has already been made.

It may drop to 96 in coming days.

US TREASURY BONDS

Hold short position in US 10 YR TREASURY BONDS for target 2.30 and build short position in US 30 YR TREASURY BONDS around 2.94 for target 3.01-3.03.

Indian market is expected to recover but we are not very sure. If market closes weak / negative today, Monday could be another negative day.

After Monday, market shall enter a “bull” cycle.

Long Nifty Fut with stop loss 7500 and Bank Nifty with stop loss 15900

TODAY’S TRADING RANGE:

  • NIFTY FUT : 7540-7640
  • BANK NIFTY: 16000-16400

BUY ON DIPS:

  • ADANI ENTERPRISES S/L 75 TGT 88
  • INDUSLND BANK S/L 921 TGT 948
  • BANK OF INDIA S/L 103 TGT 114 – 116
  • RELIANCE INFRA S/L 554 TGT 600

BUY (FOR 2 MONTHS):

  • JUST DIAL
  • L&T FINANCE
  • JSW ENERGY
  • STATE BANK OF INDIA @ 208-210

SELL:

  • VEDANTA S/L 82 TGT 78-76
  • TATA STEEL S/L 255 TGT 240
  • L&T S/L 1216 TGT 1190-1180

Important Announcement: Annual Letter 2016 was released yesterday and we have started dispatching the electronic / hard copy today onwards.

ANNUAL LETTER 2016 has been released

ANNUAL LETTER 2016 is out!!

Annual Letter 2016

About The Book: AL2016 is an investment guide for medium / long term investors in various segments (such as precious metals, industrial metals, energy products, equities, currencies, treasury bonds).
Contains

-Key Trends for 2016

– Important Trend / Period for mentioned segments

-Predictions for various economies around the world

Post-Release Price: $150 (=9,100 INR)

DETAILS OF THE CONTENT:

GLOBAL STOCK MARKETS:

Contains view on major equity markets such as USA, Europe, China and India.

PRECIOUS METALS: 

The possible opportunities for medium term traders inGold and Silver in 2016

ENERGY PRODUCTS:

How you can make the best out of Crude Oil and Natural Gas?

CURRENCIES:

Covers the possible directions in which currencies such as EUR, USD, INR & others * may trade in the year.

BONDS:

Get to know how will bonds behave in the year 2016.

This report covers major turning dates and a lot more of comprehensive strategies that can make money for you in the upcoming year.

Pay By PayPal Pay By Indian Credit / Debit Card

You can also make the payment by NEFT to-
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A/C NO: 004105500654
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IFSC: ICIC0000041

The End to Uncertainty Soon

Global Equity Indices

Scorpio Moon shall continue for the day. Market shall be uncertain. Tomorrow, recovery is expected. S&P500 FUT made a low of 1964. It shall take 1964 as a support and if breached, it could drop to 1950 at the most. We don’t expect it to decline below 1950.

Next day, recovery is expected and next week, positive trend is indicated.

You can add long position in S&P 500 with stop loss of 1960.

Note: There are chances of the market to recover suddenly today.

Global equity indices are positive for next week – you can long S&P500 call option for target 2000 (it may hit 2040).

TODAY’S TRADING RANGE: *March Contract for FUT

  • DOW (FUT):16650-16750
  • S&P 500 (FUT): 1964-1995
  • NASDAQ (FUT): 4380-4430
  • FTSE (FUT):5920-6000
  • CAC(JAN FUT): 4390-4460
  • DAX(FUT):10000-10200
  • AEX(JAN FUT):424-432
  • HS(FUT):20100-20500

PRECIOUS METALS

Bullion shall continue to be positive for today and tomorrow. If Gold crosses 1101, it can move up to 1120. We are long in GOLD @1063. The first target 1101 has been succesfully achieved.

INDUSTRIAL METALS

Copper may not breach 2.05 – a major support. Trend may be uncertain. You can long Copper around 2.05 with stop loss 2.01.

TRADING RANGE:

– COPPER: 2.05-2.10

ENERGY PRODUCTS

CRUDE OIL

Crude Oil breached $34/bbl in the previous trading session. $33 is not expected to be breached. If it is breached, it may drop to $32 – the chances for this to occur are really less.

NG

Hold long position in NG with stop loss 2.20.

TRADING RANGE:

  • CRUDE: 33.00-35.00
  • NG : 2.26-2.35

CURRENCY PAIRS

EURO

EUR/USD shall move up for the day.

USD/INR

USD/INR can touch 67 today. Around 67-67.20, you can short USD/INR with stop loss 67.40.

DOLLAR INDEX

Dollar index shall continue to decline for the day and next week.

TRADING RANGE:

  • EUR/USD: 1.0770-1.0870
  • USD/INR: 67.00-66.70
  • DOLLAR INDEX: 99.20-98.80

US TREASURY BONDS

Hold 50% long position in US 30 YR Treasury bonds and 50% short position in US 10YR Treasury bonds.

Around 2.15, you can add short position in US 10 YR Treasury.

TRADING RANGE:

US 10 YR TREASURY: 2.14-2.20

US 30 YR TREASURY: 2.85-2.95

INDIAN STOCK MARKET

Indian market shall be uncertain for the day. In the last 1 hour of trading, a recovery is expected. On the lower side, Nifty Fut may drop to 7650 while Bank Nifty may drop to 16200.

Next week, the market seems to be positive.

TODAY’S TRADING RANGE:

  • NIFTY FUT : 7650-7750
  • BANK NIFTY: 16200-16600

BUY ON DIPS:

  • JET AIRWAYS
  • SPICEJET
  • IOC
  • BPCL
  • SYNTEX

When Will Crude Cross $45

Global Equity Indices

It was already indicated that S&P500 would take support at 1980 and bounce back – this was observed in last trading session. We hope you bought S&P500 Fut at lower levels. You are advised to book 50% profit at 2020 and hold rest with stop loss 1980 for target 2040-2050.

This week is expected to be uncertain. Next week may bring bullish trend for the stock market.

On Wednesday and Thursday, Moon shall be in Scorpio which may make the market pretty uncertain. Yet, astrology has some indications for slight positive trend.

Today, major markets are expected to recover but pressure may be observed at higher levels.

In February, market shall be bullish. S&P500 can cross 2080.

TODAY’S TRADING RANGE: *March Contract for FUT

  • DOW (FUT):17050-17300
  • S&P 500 (FUT): 2000-2040
  • NASDAQ (FUT): 4500-4560
  • FTSE (FUT):6080-6170
  • CAC(JAN FUT): 4520-4670
  • DAX(FUT):10300-10480
  • AEX(JAN FUT):430-442
  • HENG SENG(FUT):21100-21550

PRECIOUS METALS

It was indicated in the last newsletter that Gold may move up to 1080. We hope you made profit in long position of Gold @ 1063. Gold made a high of 1083 while Silver made a high of 14.20.

Today as well, Gold shall be supportive.

Astro-support lies at 1060 and resistance lies at 1084. If the resistance is crossed, it may achieve 1093.

We had asked our clients to long MCX GOLD @ 25050. Last day, MCX Gold made a high of 25525. Similarly, MCX Silver was recommended to be bought @ 33400. Last day, it made a high of 34160.

Today, Gold and Silver shall remain positive.

Next week shall be more positive for bullion.

In February, Gold may hit 1140.

TRADING RANGE:

  • GOLD: 1070-1083
  • SILVER: 13.80-14.20

INDUSTRIAL METALS

Copper shall remain supportive for the day.

TRADING RANGE:

– COPPER: 2.07-2.10

ENERGY PRODUCTS

CRUDE OIL

Crude Oil moved both sides in the previous trading session. First it went up to 38.50 and then declined to low of 36.50. If you consider medium term trend till February, it’ll hit $45/bbl.

For today, trend may seem to be supportive for crude oil. Long crude oil at lower levels with stop loss of 36.

Positional traders are advised to long 50% position at current level and at 34 – hold this position for target $45-54/bbl.

NG

NG made a high of 2.35 in the last trading session. A major resistance for NG lies at 2.46 and support lies at 2.20.

TRADING RANGE:

  • CRUDE: 36.00-38.50
  • NG : 2.22-2.35

CURRENCY PAIRS

EURO

EUR/USD made a high of 1.0950 in the last trading session and low of 1.0780. You may long EUR/USD @ 1.0820-1.0830 with stop loss of 1.0780 for target 1.0950.

USD/INR

Sell USD/INR on rise. By next month, USD/INR is anticipated to drop below 65.

DOLLAR INDEX

Sell dollar index on rise.

TRADING RANGE:

  • EUR/USD: 1.0810-1.0940
  • USD/INR: 66.60-66.20
  • DOLLAR INDEX: 99.30-98.50

US TREASURY BONDS

Long US 10 Year Treasury bonds at 2.28 and US 30 Year Treasury bonds at 3.02.

TRADING RANGE:

US 10 YR TREASURY: 2.28-2.20

US 30 YR TREASURY: 3.02-2.94

INDIAN STOCK MARKET

In the last weekly newsletter, we had mentioned of the possible negativity on Monday. A sharp fall was observed in the Indian equities. Nifty Fut made a low of 7792 while Bank Nifty made a low of 16610.

Today, a recovery is expected in the market.

This week may prove to be slightly uncertain but next week is anticipated to be positive for the Indian stock market. The month of February may witness Nifty crossing 8300.

TODAY’S TRADING RANGE:

  • NIFTY FUT : 7790-7880
  • BANK NIFTY: 16600-16850

BUY ON DIPS:

  • RELIANCE INFRA
  • RELIANCE CAPITAL
  • RCOMM
  • SBI WITH S/L 219
  • SRS
  • WIPRO
  • YES BANK S/L 678
  • PETRONET

Authors: Rajeev Agarwal & Shashi Prakash Agarwal | Sent @ 1/5/2016 7:33 AM| (IST = GMT +5.30HRS )|Disclaimer: The view contained in this report is for educational purpose only. Decision to trade remains with investors and hence, neither MADPL nor any of its associate shall be liable for any losses / profits gained.

ANNUAL LETTER 2016 shall be released on 8th January 2017 at 10.30 AM. E-Books shall be delivered by 8th and hard copies shall be sent by courier on 8th– which will reach you in two to three days. Those who have not yet purchased the ANNUAL LETTER 2016, you may book the same for $140 ( = 8,400 INR).  We are thankful to you for a great response with pre-booking! We hope our business relation continues to blossom.

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