Astrology View for 22nd August 2012

Gold & Silver are expected to be volatile. Some weakness can be observed. It’s recommended to accumulate long positions in bullion (at dips on Wednesday) for Thursday (23rd August 2012).
As we see Thursday as a bull day for bullion.
Trading Range for global cues: –
EUR/USD:ONLY FOR MEMBERS
DOLLAR INDEX: ONLY FOR MEMBERS
GOLD: ONLY FOR MEMBERS
SILVER: ONLY FOR MEMBERS
S&P 500: ONLY FOR MEMBERS
CRUDE: ONLY FOR MEMBERS

Also note that our previous prediction for Gold to touch 1640 & Silver to cross 29 was successfully achieved. This was announced on 3rd August 2012 when gold and silver was standing at lower level. This again remarks how accurately the volatile financial sentiments can be predicted using financial astrology.

==========================Rajeev Prakash Agarwal is a financial astrologer based out of central India who tracks the Indian & US stock market and commodity market (MCX, NYMEX, COMEX).=================================

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SCRIP

SUPP

RES

TRADING CALL

NIFTY-                       5421

5375

5435

Nifty closed above the major resistance at 5375 after attempting to breakout for more than 2 weeks. The move could take Nifty to 5500- 5550, if 5370- 5380 holds.                                                                    Continue holding long pos. in Nifty initiated at 5400 with a stop at 5380 for a p.t  of 5440- 80

5350

5490

5310

BANK NIFTY- 10469.5            

10400

10490

Break of 10490- 10500, Bank Nifty could rally to 10585- 10650, which would be ideal levels to initiate shorts.

10370

10585

10650

WIPRO- 355.75

350

355

Hold shorts initiated at 351- 355 with a stop at 359 for a profit target of 339- 342

339

362

HINDALCO-   112.35

111

114

Hindalco broke down from 116 & could be headed towards 100, if 110 is taken off. Short at the break of 109 with a stop at 112 for a p.t. of 100- 102

106

116

102

ICICI BANK-   975.2

957

969

Hold long pos. in ICICI initiated at 977 with a S/L at 970 for a p.t. of 993- 95

945

998

RIL-                    814.25

811

821

Hold shorts initiated in the 818- 821 range with a trailing stop at 816 for an initial target of 811 followed by 804- 806

804

846

792

Astrological View on the Indian Stock Market
Indian Stock Market is expected to be HIGHLY VOLATILE & POSITIVE ON 23rd August 2012.

(Updated on 21st August 2012 at 11.00 PM IST- Indore, India)

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