16th September 2014: Tips for trading in stocks & bullion

Stock Markets Around the globe

Asian market shall have weakness in first half. In second half, recovery may be seen.

UK & US market as well shall trade positive. Positivity in US market shall continue till next day making next day’s Asian market positive. 

From Asia mid-session, make long position and hold for next day.

Hold S&P500, DOW, NASDAQ long position for tomorrow.

PRECIOUS METALS

Precious metals shall be range bound to positive.

Actual bullish trend shall be visible for next day and up to Friday. Gold and Silver shall be positive till 15.30 HRS IST and then turn volatile. From 22.00 HRS IST, it shall again turn positive.

INDUSTRIAL METALS

Copper shall also be range bound to positive.

Copper has had a U turn from 3.07 last day.

It shall be in positive trend.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil had a U turn from 90.00. The trend shall be range bound to positive.

Next day, Sun is moving to Virgo. This shall see a hike in price of crude oil. It may cross $100/bbl in coming days.

NATURAL GAS

NG had a U turn from 3.70. It shall gradually move in positive direction.

INDIAN STOCK MARKET

Indian market shall be volatile in first half. In the second half, recovery shall be seen.

Next day, it shall have positive opening.

Bank Nifty is stronger than Nifty. It is advisable to hold long position in Bank Nifty.

TRADING RANGE:

NIFTY FUT:8,020-8,140

#  BANK NIFTY: 16,150-16,300

BUY:

–        PNB

–        BANK OF INDIA

–        SBI

–        BANK OF BARODA

–        ICICI BANK

–        CALCUTTA ELECTRICAL (CESC)

–        G.E. SHIPPING

–        SCI

–        CIPLA

 

Posted in Stock Market And Bullions and tagged , , .

Leave a Reply