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 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.
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.
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.
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.
# NIFTY FUT:8,020-8,140
# BANK NIFTY: 16,150-16,300
– BANK OF INDIA
– BANK OF BARODA
– ICICI BANK
– CALCUTTA ELECTRICAL (CESC)
– G.E. SHIPPING