IMPLEMENT "MARKET TIMING" THEORY
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Last week, bullion couldn’t move up. Gold made a low of 1,168 while Silver made a low of 15.55.
In this week, trend seems to be positive till Wednesday.
On 2nd July 2015, declining trend is expected.
With s/l of 1,168 hold Gold for target 1195-1200.
If Gold crosses 1205, it can again touch 1220.
With s/l of 15.50 hold Silver for target 16.45-16.90.
INDIAN Stock MARKET
Indian market shall be uncertain and bearish for the day.
Our clients had short Nifty and Bank Nifty last Friday (Nifty @ 8390 & Bank Nifty @18380).
If Nifty breaches 8250 then can drop to 8130-8000.
You can buy NIFTY only if it trades above 8330.
Next day, market shall recover or trade in positive trend.
On 1st July, market shall be range bound.
On 2nd July, market shall be in declining mode.
On 3rd July, mixed trend is expected.
- NIFTY FUT: 8350-8200
- BANK NIFTY: 18350-17800
BUY ON DIPS:
- SUN TV
- ASIAN PAINTS
- CENTURY TEXTILES
- TATA STEEL
- JSW STEEL
- YES BANK
- BANK OF INDIA
MR. RAJEEV PRAKASH AGARWAL IS IN AMRITSAR ON 26-27 JUNE 2015. CALL: +91-9301717647 to book an appointment.
GLOBAL Stock INDICES
S&P500 dropped down to 2093.45 last night. Today onwards, after UK opening, global markets shall shift to positive trend. On Monday as well, positive trend shall be observed. S&P500 can go up to 2120-2130 by Monday.
Overall, trend of market seems to be positive till 30th June 2015.
However, from 2nd July 2015, a sharp drop is indicated in equities.
With stop loss of 2080, you can make long position in S&P500 for target 2120-2130.
Asian market is expected to have gap down opening followed by recovery from mid-session.
- DOW FUT:17780-18020
- S&P500 FUT:2090-2115
- NASDAQ FUT:4550-4590
- FTSE FUT:6720-6780
- CAC FUT :5010-5055
- DAX FUT:11400-11550
- HANG SENG:26900-27300
Bullion was unable to move up in the last day.
A sudden jump is expected around US session, which will drive positive trend for Monday as well. Overall bullion shall remain upward till the end of month.
Gold can move up to 1200-1220 while Silver can move up to 16.45-16.70 in this time frame.
With s/l as 1168 & 15.60 respectively for Gold and Silver, hold long position in bullion.
Hold Gold with s/l 26,400 and Silver with s/l 35,700.
- GOLD :1171-1194
Copper shall be positive till 30th June 2015.
Crude Oil shall be positive till Tuesday. Hold long position in crude oil with stop loss 59.00 for target 61.40+.
NG shall trade positive till 30th June 2015.
Hold long position in EUR/USD with s/l 1.1120 for target 1.1280-1.1380.
INDIAN RUPEE (USD/INR)
In coming days, USD/INR shall experience a big bullish move. Hold long position for target 64.20 in coming days.
In September 2015, USD/INR shall shoot up to 68.00.
Dollar index shall be weak till Tuesday.
– EUR/USD: 1.1160-1.1280
US 10 YR-TREASURY BOND
Bonds shall trade upward till Tuesday.
-US 10 YR T BOND: 2.42-2.35
INDIAN Stock MARKET
Indian market shall be weak till 11.00-11.30 HRS IST and then recover resulting into a positive closing for the day.
On Monday as well, market shall trade positive.
If Nifty July Future is seen below 8460 can drop to 8380 and if this level is breached, it can drop down to 8330.
If 8,330 is also breached, it can drop to 8,250.
Bank Nifty is weak below 18,600 and can drop to 18,200-18,000.
- NIFTY FUT: 8450-8330
- BANK NIFTY:18550-18200
BUY ON DIPS (HOLD TILL MONDAY):
- MOTHERSON SUMI
- CENTURY TEXTILES
- KOTAK BANK
- TATA MOTORS
MR. RAJEEV PRAKASH AGARWAL
SHALL BE IN AMRITSAR
ON 26TH – 27TH JUNE 2015.
To book an appointment,
please drop an e-mail to email@example.com
or call : +91-9301717647.
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