Today (7th August 2012):
Bullion and base metals are volatile to bullish. Profit booking possible in late night (Indian Standard Time). This profit booking to continue till tomorrow.
The market will be again bullish from Thursday.
Crude Oil: Highly Volatile. Profit booking on higher level is seen. But again bullish from second half of trading session on 8th August 2012.
Base metals – volatile to positive.
Natural Gas- recovery possible from lower level.
Today, corn and soyabean oil are positive.
Trading Range for Today:
Global Cues
Dollar Index: 82.05-82.55
S&P: 1405-1385
EUR/USD: 1.2362-1.2450-1.2500
USD/INR: 55.05-55.80
Nifty: 5345-5280
Crude Oil: 92.52-91.50-91.00
Gold:1607-1625-1629
Silver: 27.50-28.20-28.50
MCX Futures
Buy Natural Gas with stop loss 154 for target of 172-177.
Buy Nickel with stop loss 864 for target of 878-898.
Buy Gold with stop loss 29825 for target of 30060 and above.
Buy Silver with stop loss (below) 52500 for target 53450-53800 and above.
Buy Crude Oil with stop loss 5040 for target 5105. And then sell on higher level with stop loss 5135 for target 5020-5005-4980.
– Rajeev Prakash Agarwal is a renowned financial astrologer in India who tracks the stock and commodity market for his clients across the globe.
Visit rajeevprakash.com and astrodunia.com to know more.
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