Stock Markets Around The Globe
Global equities shall be volatile to positive for 24th – 26th November 2014. At the end, profit booking may be observed.
On 27th, market shall be volatile.
On 28th, market shall be bearish.
Maintain your strategy of “BUY ON DIPS”.
In this week, S&P500 can go up to 2,075. On the lower side, S&P500 may drop at the most to 2,038.
On 27th, US market shall remain closed on occasion of Thanksgiving day.
Bullion shall be volatile to positive till Wednesday.
On Thursday, negative trend shall be observed.
On Friday, bullion shall be positive.
In next week (from 1st/ 2nd December 2014), bullion shall start experiencing a bearish trend, which shall last till 5th December 2014. Silver can experience a mightier fall.
From 5th’s US opening, recovery can be observed.
From 8th, gold and silver shall start to trade in positive rally, which would continue till 12th February 2015.
The top of 2014 will be made on 20th December 2014.
In mean time, Gold can drop to 1,180 at the most while at the upper level, it may cross 1,220. Similarly, Silver can drop to 15.90-16.00 at the most while at the upper level, it may cross 17.00.
Positive till 14.00 HRS IST.
After 14.00 HRS IST, it may drop.
For next day, bullion shall be positive.
INDIAN Stock MARKET
Indian market shall be positive till 26th.
On 27th, volatile trend shall be seen owing to the fact that it is the expiry date for future contracts.
On 28th, bearish trend shall be observed.
NIFTY can cross 8,600.
With stop loss of 8,400, buy NIFTY FUT on dips.
Bank Nifty Nov Fut can cross 18,500. With stop loss of 18,000, buy bank nifty on dips.
n NIFTY FUT: 8,440-8,550
n BANK NIFTY: 18,150-18,400
BUY ON DIPS: