21st March 2013: Destiny of Stocks, Commodities, Currencies

Global Stock Indices:

Today, Asian market shall open positive.

But again profit booking can come in closing hours.

European market is expected to be range bound.

Closing could be bearish in European market.

Today,  again profit booking shall come in US market.

Astro-indicator says that again weakness may be seen tomorrow for global stock indices.

We asked you to short S&P500 around 1,550-55. Hold your short position in S&P500 with stop loss 1,574 for target 1,505-1,480.

Precious & Industrial Metals:

Today, volatile to positive trend shall be expected in bullion.

Astrological indicator says that by end of March, a big upward jump can come in bullion. Hence, please hold your long position.

We do not see Gold & Silver below 1,584, 28.00 respectively.

For Indian MCX, hold Gold with stop loss 29,600 and Silver with stop loss 53,800.

Any time, Gold could reach 30,100 + while Silver could reach 56,000.  This can happen by next week (any time).

Please be informed that the month of April is highly bullish for bullion.

 

Copper and base metals are expected to trade volatile to bullish for the day.

Energy Products:

Today, NG shall be volatile to positive.

Crude shall also be volatile to positive but Crude shall witness profit booking at higher levels.

Indian Stock Market:

Today, Indian stock market shall have positive opening.

Highly volatile trend is expected. Profit booking is expected on higher levels.

Weakness may come tomorrow.

Trading Range:-

–          Nifty Fut:5,750-5,680

INTRA-DAY BUY

  • RCOMM S/L 55 TGT 60-62
  • SUN TV S/L 412 TGT 430-440
  • LIC HOUSING S/L 218 TGT 226-230

 

 

SELL

  • PUNJ LLOYD S/L 45 TGT 41
  • DLF S/L 251 TGT 245-240
  • SBI
  • HDIL
  • INDIAN BANK
  • TATA STEEL ON HIGHER LEVEL
  • SAIL S/L 67 TGT 61

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