30th September 2014: View on the Indian and Global Economy; What’s next in bullion?

Future of India and Narendra Modi

Narendra Modi is on a trip to the United States. It is for the first time that an Indian Prime Minister is being welcomed with such a great honor. A question strikes our mind- if this trip would be beneficial for employment in India? If you see this from the point of view of astrology, the efforts of Mr. Narendra Modi would start showing up results by December 2014.

After 1st week of December 2014, great growth shall be seen.

FDI would rise and the Indian economy would get a sound boost-up, improving employment opportunities for its citizen.

The masses of India would be able to see the kind of good work that NAMO is doing.  The impact would be seen on the Indian market from November 2014. Indian market shall move up from then onwards and shall remain positive for next year.

Stock Markets Around the globe

Stock market shall continue in weakness till 18th October 2014. In this time frame, S&P500 can drop to 1,905.

Your strategy should be to “sell” stock indices on rise.

For today as well, market shall continue in weakness.

PRECIOUS METALS

Bullion shall trade positive for the day and next day.

It shall move up from today’s UK opening. This positivity shall continue to be in the market even on Thursday.

On Friday, a correction may be seen.

From next week, an upward trend shall begin in precious metals, which would continue till 18th October 2014.  In this time frame, Gold would cross 1,280+ & Silver would cross 20.50+.

INDUSTRIAL METALS

Copper shall continue to be positive till tomorrow. 

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall continue to trade in bullish mode till 17th / 18th October 2014.

A partial profit could be booked around 94.50-95.00

NATURAL GAS

NG shall continue to trade in bullish mode till 17th / 18th October 2014.

A partial profit could be booked around 4.15. 

INDIAN STOCK MARKET

Indian market shall be volatile to weak for the day and next day.

Till 17th October 2014, Nifty can drop to / below 7,800 & Bank Nifty can drop to / below 14,800.

TRADING RANGE:

# NIFTY FUT:8,050-7,950 & BELOW

#  BANK NIFTY:15,800-15,200

Your strategy should be to short “banking” related stocks at higher levels. Infrastructure related stocks shall start witnessing negativity from today.

BUY ON DIPS:

–        ARVIND MILLS

–        RANBAXY

–        TATA MOTORS

–        CHAMBAL FERTILIZER

–        HAVELLS

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