Global Equity Indices
Today, Moon-Rahu-Jupiter conjunction at same degree is being formed – this is critical for stock market and oil while it is supportive for Gold.
Today, US market may witness a sharp correction – S&P 500 FUT can drop to 1880 (+/- 10 Points) – an optimum level to cover short position and enter into long position. US market is expected to close at lower levels.
Tomorrow, Asian market may experience bearish opening. Next day post UK opening, recovery is indicated in stock market.
ABX closed at 13.50 – you may book 50% profit in ABX today and hold rest 50%. In March, it has potentials to move up to 20.
Bullion shall be supportive for the day. Next day, it may trade in a zigzag pattern which may mean a bit of correction. You are advised to cover your long position today.
- GOLD: 1215-1238
- SILVER: 15.10-15.45
Copper shall be negative for the day.
– COPPER: 2.11-2.06
Crude Oil shall experience correction today. It may drop to 30.50-29.80
Hold long position in NG. By Friday, a big upward move is anticipated.
INDIAN STOCK MARKET
Indian market shall be uncertain for the day – overall trend shall be weak.
By next day, Nifty may drop below 7000 while Bank Nifty may drop below 13800.
Hold short position till next day.
NIFTY FUT: 7180-7050
BANK NIFTY: 14180-13800
SELL ON RISE:
- MAN INDUSTRIES
- ASIAN PAINTS
US TREASURY BONDS
Bonds shall make top today and hence you must book profit at higher level, today itself. Next day’s US opening onwards and till 29th Feb, slight weakness is indicated.
- US 10 YEAR: 1.76-1.69
- US 30 YEAR: 2.62-2.54