28th May 2015: The confusing trend of bullion

It is the conjunction of Moon & Rahu, which can cause earthquake or a disaster. This can adversely impact financial markets. The conjunction shall happen around UK opening (12.00 PM IST – 28 May 2015).

Global Stock Indices

Due to the conjunction of Moon & Rahu, a huge fall may be observed in equities.

American market along with other emerging markets shall decline / experience a big fall.

If 2080 is breached, S&P500 can drop to 2,062-2,060.

It is expected that US market shall close at lows which would impact next Asian opening.

After next day’s Asian opening, market shall reverse and hence turn positive.

This positivity shall continue for next week.

PRECIOUS METALS

The conjunction of Rahu and Moon shall bring heavy volatility for bullion. As per our research, bullion shall move up after 12.00 HRS IST.

 

After US opening, it is expected to decline.

With s/l of 1180 & 16.40, hold long position in Gold & Silver respectively.

If bullion moves up, Gold can cross 1200 & Silver can cross 17.20.

However, if bullion doesn’t move up/ experiences decline & 1180, 16.40 are breached then Gold could drop to 1171-1165 & Silver could drop to 16.20.

Anyways, it is a fact that today is the last day of bottom for Gold and Silver. From next day, bullion shall enter in positive trend.

By third week of June 2015, Gold shall cross 1300 & Silver shall cross 18.00.

MCX

Maintain stop loss of 26,700 & 38,000 in long position of Gold & Silver respectively.

CRUDE OIL

Crude Oil shall follow the trend in bullion. It can move up to 61.00. If 57 is breached, it can drop to 55.00.

It is the day for crude to make bottom.

In the month of June 2015, Crude can shoot up to 70.00

USD/INR

Buy USD/INR at lower levels.

In coming days, USD/INR may cross 64.50-65.00.

INDIAN STOCK MARKET

Indian market shall have positive opening. A sharp correction is expected by 12.00 HRS IST.

For next day, gap down opening is expected.

TRADING RANGE:

–          NIFTY FUT: 8380-8250

–          BANK NIFTY: 18600-18200

BUY ON DIPS:

–          BGR ENERGY

–          BANK OF INDIA

–          SIEMENS

–          LIC

#Book profit in long position by 12.00 HRS IST .

SELL ON RISE:

–          TATA STEEL

–          TATA MOTORS

–          BAJAJ AUTO

–          YES BANK S/L 890

Next day, Venus is changing position. In coming days, pharmaceutical related stocks shall start to experience sharp correction. It is advisable to make short position in pharmacy related stocks.

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