19th December 2012
Global Stock Indices:
Today, global stock indices shall be volatile to positive. Some profit booking may be seen at higher level.
But market is also good on Thursday & Friday.
S&P can cross 1,465 -1,475 in coming days.
Trading Range (19th December 2012):
- DOW JONES (FUT):13,280-13,360
- S&P 500 (FUT) :1,430-1,449
- NASDAQ (FUT):2,680-2,720
- FTSE (FUT): 5,920-5,990
- CAC40(FUT):3,640-3,660
- DAX (FUT): 7,620-7,720
- HANG SENG IDX (FUT):22,500-22,690
- NIFTY (SPOT):5,900-5,980 (If sustains above 5,950 then today again it’ll touch 6,000).
Precious & Industrial Metals:
Today, bullion is again volatile and uncertain but positive from tomorrow.
The fall we were expecting on 17th finally came on 18th.
In our letter, we had asked to use stop loss 1,688 & 31.80 for Gold & Silver respectively.
Today, you can make long position with stop loss 1,660 & 31.20 respectively for Gold & Silver respectively at late night (IST).
Astrology indicates that Gold and Silver can start to move up from tomorrow. But next bull rally to start from 27th December 2012. This shall continue till Feb 2013.
Copper is highly volatile for the day.
Today’s Trading Range (19th December 2012):
- GOLD: 1,660-1,680
- SILVER: 31.20-32.10
- COPPER:363.00-367.00
Energy Products:
Today, some weakness is possible in Crude Oil in evening session.
Today, Natural Gas is volatile to positive.
Trading Range (19th December 2012):
- Crude Oil: 89.00-87.00 (SELL OIL ON HIGHER LEVEL WITH S/L 89.50) ALERT: IF OIL CROSSES 90 THEN IT’LL TURN BULLISH. But astrological indicator is negative for evening session.
- Natural Gas: 3.33-3.49
Currencies:
Euro has come in bullish trend. With stop loss 1.3170, you can hold long position for target 1.3255-1.3270-1.3290-1.3320.
Trading Range (19th December 2012):
- EUR/USD:1.3170-1.3280
- USD/INR (SPOT):55.10-54.60-54.40
Indian Stock Market:
Today, Indian stock market is volatile to positive. But some profit booking is possible at closing hours.
Thursday & Friday are positive.
Trading Range(19th December 2012):-
- Nifty Fut:5,920-5,960 (If sustains above 5,950 then will again touch 6,000!)
- Bank Nifty: 12,450-12,650-12,750
INTRADAY BUY: DELTA CORP, LIC, TATA STEEL, SAIL, RELIANCE CAPITAL, RELIANCE INFRA, HINDALCO, SBI, ICICI BANK, APOLLO TYRES, L&T, YES BANK.
(Updated at : 19/12/2012 7:43:54 AM (IST))
Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.
HAPPY TRADING
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