Gold and Silver declined; what’s next?

Stock Markets Around the globe

Stock market shall witness weakness with volatility for the coming days. S&P500 can drop to 1,960 while DOW can drop to 16,800. With stop loss of 17,200 short DOW (DEC FUT) & S/L of 2,010, short S&P500 DEC FUT.

PRECIOUS METALS

Gold made a low of 1,218 last night while Silver made a low of 18.40. Positional traders hold long position with stop loss 1,215 (GOLD) & 18.20 (SILVER).

If it moves up today, it shall remain positive for next day.

If it doesn’t move up today, the final bottom would be made by 23/24 September 2014.

If these stop losses are triggered, exit long position. And consider buying opportunities on 24th September 2014.

I am regularly writing that the big positive move will be seen from 4th October 2014.

Gold is strong only if it sustains above 1242 and Silver is strong only if it sustains above 18.89.

Gold is weak below 1215 & it may drop to 1190. Silver is weak below 18.40 and may drop to 18.10.

As per astrology, 4th October 2014 onward, shall we see the bull run in bullion

Stock Market and Bullion for 12th September 2014

IMPORTANT:

After 15.10 HRS IST, a trend reversal is expected in bullion, bonds and euro v/s usd. You are advised to watch the trend there. 

Stock Markets Around the globe

Asian market shall be weak in first half. In second half, recovery is seen. Closing may be positive for Asian market.

European market shall recover from lower levels and may close positive.

US market could be positive for the day. Positivity may be seen on Monday as well.

Overall, stock market is expected to be positive till 19th September 2014. And then, a sharp correction is expected.

Maintain “buy on dips” strategy for indices.

TRADING RANGE:

-        DOW FUT: 16,980-17,120

-        S&P500 FUT:1,990-2,008

-        NASDAQ FUT: 4,080-4,110

-        FTSE FUT:6,790-6,880

-        CAC FUT : 4,430-4,475

-        DAX FUT: 9,620-9,725

-        HANG SENG:24,490-24,800

-        AEX: 417-420

PRECIOUS METALS

We have been wrong about positivity in bullion. Weakness may be seen for today as well & a final bottom may be seen. Monday onwards, it shall gradually move up with volatility.

After FOMC, recovery shall be seen.

Highly bullish trend shall be seen after 4th October 2014.

The bottom has either been made today or will be made today.

If Gold breaks 1,232, it can drop to 1,225. And if Silver can drop to 18.45.

We shall be watching the trend today and wait for Monday to make any position / recommendation about gold and silver.

MCX

If Gold breaks 26,900 then it can drop to 26,800.

The major support of Gold & Silver lie at 26,500; & 40,200 (only if 41,100 is breached).

TRADING RANGE:

-        GOLD :1,232-1,247

-        SILVER:18.45-18.75

ENERGY PRODUCTS

CRUDE OIL

Crude oil shall be in mix trend.

Big positive trend shall be seen only after 17th September 2014.

NATURAL GAS

NG shall trade in mix trend for the day. From Monday, trend reversal may be seen.

Trading Range:

-        CRUDE: 93.40-91.80

-        NG:3.78-3.92

CURRENCIES

EURO

EUR/USD shall be in a tight range.

INDIAN RUPEE (USD/INR)

DOLLAR INDEX

TRADING RANGE:

- EUR/USD: 1.2870-1.2940

-USD/INR(SPOT):60.00-61.10

-DOLLAR INDEX:84.65-84.20

 

INDIAN STOCK MARKET

Indian market shall be volatile in first half.

In second half, recovery may be seen.

On Monday, positive trend is expected.

TRADING RANGE:

#  NIFTY FUT:8,080-8,150

#  BANK NIFTY: 16,100-16,40

BUY:

-        HDFC

-        BANK OF INDIA

-        HAVELL

-        SIEMENS

-        ARVIND MILLS

-        TATA MOTORS

SELL:

- TATA CHEMICAL (BUY PUT OPTION FOR TGT 390 IN SEPTEMBER)

Stocks and Bullion for 10th September 2014

Stock Markets Around the globe

As expected, stock market had a negative trend in the last trading session. S&P500 made a low of 1,986.

It is advisable to book 50% short position in DOW, NASDAQ & S&P500 here and hold rest 50% with stop loss as your entry point (the level at which you had short).

Weakness is expected to continue for today as well.

PRECIOUS METALS

Yesterday was the last day for negative trend in Gold and Silver. Gold made a low of 1,248 while Silver made low of 18.88.

Today, Mars is entering Leo navmansha. Today onwards, recovery shall be seen in bullion (especially from 17.00 HRS IST).  Bullion is expected to close positive for the day.

If bullion closes positive today, it shall continue to be positive till 16th September 2014.  If bullion closes positive today, Gold may touch 1,295 while Silver may touch 19.70.

Maintain a stop loss of 1,240  & 18.70 (for the new buying).

However if bullion doesn’t close positive today, it shall be dangerous. If Gold closes below 1,248 then it may drop to 1,225.

But I am very confident that it should close positive today.

MCX:

Major support of Gold lies at 27,000.

Major support of Silver lies at 41,500.

If the said support levels are breached, then it is dangerous.

 

TRADING RANGE:

-        GOLD :1,251-1,265

-        SILVER:18.90=19.35

INDUSTRIAL METALS

Copper and other base metals shall turn positive from today.

Trading Range:

-        COPPER:3.08-3.14

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall trade in positive trend for the day.

NATURAL GAS

Mix to positive trend is expected in NG.

Trading Range:

-        CRUDE: 92.20-94.00

-        NG:4.02-3.90

 

CURRENCIES

EURO

EUR/USD shall move in positive direction till Friday.

INDIAN RUPEE (USD/INR)

USD/INR shall trade in weak trend.

DOLLAR INDEX

Dollar index made a high of 84.66 last day. It shall trade in negative mode till Friday.

TRADING RANGE:

- EUR/USD: 1.2900-1.2980

-USD/INR(SPOT):60.80-60.40

-DOLLAR INDEX:84.50-83.80

US 10 YR-TREASURY BOND

Bonds shall trade in positive direction from today.

It shall remain positive till Friday.

TRADING RANGE:

-US 10 YR T BOND:2.52-2.44

 

INDIAN STOCK MARKET

Indian market shall trade in volatile to weak mode as already mentioned in the previous newsletter.

Nifty can drop below 8,100 while Bank Nifty can drop below 16,100.

TRADING RANGE:

# NIFTY FUT:8,200-8,100

#  BANK NIFTY: 16,300-16,000

BUY:

-        RANBAXY

-        JAIN IRRIGATION

-        TCS

-        HEXAWARE

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Advice for trading in stocks & commodities

Stock Markets Around the globe

Stock market shall start to trade in slightly bearish trend from today. With ups and downs, gradually it will move to negative direction till week-end.

ADVICE INDEX STOP LOSS TARGET
SELL DOW FUT 17,250 16,900-16,800
SELL S&P500 FUT 2,011 1,989-1,980

UK market may open positive but closing is expected to be slightly bearish.

TRADING RANGE:

-        DOW FUT: 17,140-17,010

-        S&P500 FUT:2,005-1,992

-        NASDAQ FUT: 4,095-4,070

-        FTSE FUT: 6,850-6,780

-        CAC FUT : 4,485-4,430

-        DAX FUT: 9,760-9,690

-        HANG SENG:25,350-25,050

-        AEX:421-417

PRECIOUS METALS

As expected, owing to full Moon, pressure was observed in price of Gold and Silver. Gold made a low of 1,251 while Silver made a low of 18.90.  I guess the low has been made. With volatility, it may try to move up again. The positive rally shall start from next day, which would continue till 16th September 2014.

And then a correction may be seen for 2-3 days and then again it would bounce back.

Watch the trend; closing should be positive for the day. From next day, positive rally shall start.

TRADING RANGE:

-        GOLD :1,251-1,270

-        SILVER:18.90-19.35

INDUSTRIAL METALS

Copper and other metals shall be volatile to positive. It is advised to buy industrial metals on dips.

Copper crossed 3.20 last day. It may try to re-test 3.20.

Trading Range:

-        COPPER:3.15-3.20

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall trade positive till 11th September 2014. It can go up to 96.00.

 

NATURAL GAS

NG shall trade positive.

Trading Range:

-        CRUDE: 92.00-94.50

-        NG:3.80-3.96

 

 

 

CURRENCIES

EURO

I think the bottom for EUR/USD has been made. It shall gradually move up from today.  I am especially positive about EURO from next trading session.

INDIAN RUPEE (USD/INR)

USD/INR made a low of 60.10. A low has been made. USD/INR(SPOT) won’t break 60.00. In coming days, it’ll cross 61.00.

DOLLAR INDEX

Dollar Index has made a high and there are chances for correction from today itself. From next day, sharp down side move is expected.

TRADING RANGE:

- EUR/USD: 1.2880-1.2950

-USD/INR(SPOT):60.10-60.70

-DOLLAR INDEX:84.55-84.00

US 10 YR-TREASURY BOND

Bonds has made a low and now it is time for a U turn.

It shall remain positive till weekend.

TRADING RANGE:

-US 10 YR T BOND:2.50-2.40

INDIAN STOCK MARKET

Indian market shall trade positive till 11.30 HRS IST. And then declining trend shall be observed. Closing can be weak for the trading session.

ADVICE INDEX STOPLOSS TARGET
SELL NIFTY FUT 8,250 8,090 & BELOW
SELL BANK NIFTY 16,550 16,000 & BELOW

TRADING RANGE:

# NIFTY FUT:8,210-8,120

# BANK NIFTY: 16,450-16,150

BUY:

- TATA MOTORS

- MARUTI

- ASHOK LEYLANDS

- HAVELLS

-ONGC

- APOLLO TYRES

- TCS

Prediction for Gold, Silver and the stock market

Stock Markets Around the globe

The trend is supportive for today. Tuesday onwards, volatile to slightly weak trend is expected for the current week.

In this week, s&p500 may go up to 2,014 & may drop to 1,990 & below.

In stocks, I see a sharp correction after 17th / 19th September 2014.

TRADING RANGE:

-        DOW FUT: 17,150-17,040

-        S&P500 FUT:2,009-1,995

-        NASDAQ FUT: 4,096-4,070

-        FTSE FUT: 6,890-6,790

-        CAC FUT : 4,520-4,440

-        DAX FUT: 9,820-9,720

-        HANG SENG:25,350-25,050

-        AEX:424-420

PRECIOUS METALS

For today and tomorrow, bullion shall be volatile to range bound.

Wednesday onwards, it shall move up.

On 11th and 12th September 2014, more of bullish trend shall be witnessed.

Positivity shall continue till 14th October 2014.

Big moves (rally) to be seen from 17th September 2014.

Gold has already made a low of 1,258 last week while Silver has already made a low of 18..99. Major support of GOLD & SILVER are 1,254 & 18.70 respectively.

As per our analysis, these levels shouldn’t be breached.

From here and up to 15th October 2014, Gold can cross 1,360 & Silver can cross 22.00.

INTRA-DAY TREND:

Gold and Silver shall be positive between 14.00 – 19.30 HRS IST.

TRADING RANGE:

-        GOLD :1,258-1,272

-        SILVER:19.00-19.35

INDIAN STOCK MARKET

Indian market shall trade positive for the day.

However, from next day, volatile to slightly weak trend may be encountered for the entire week.

TRADING RANGE:

#  NIFTY FUT:8,150-8,080

# BANK NIFTY: 16,300-16,050

BUY (SUPPORTIVE FOR THIS WEEK):

-   VOLTAS

-   HAVELLS

-   CROMPTON GREAVES

-   ARVIND MILLS

-   CENTURY TEXTILES

-  MARUTI

-  BAJAJ AUTO

-   M&M

-   APOLLO TYRES

-  RANBAXY

# Auto sector is especially positive from next day.

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Stock Markets Around the globe

Today, global equities are expected to remain positive.

US market shall close at top.

On Monday, markets are expected to be positive.

However from Tuesday, a sharp correction is expected in global equities.

The next week is bad for stock market (from Tuesday to Friday).

Book profit in S&P500 at closing or you can hold long position for Monday as well.

Asian & UK market shall close positive.  

TRADING RANGE:

-        DOW FUT: 16,640-16,750

-        S&P500 FUT(SEP): 1,948-1,965

-        NASDAQ FUT(SEP):3,955-3,995

-        FTSE FUT: 6,650-6,750

-        CAC FUT : 4,200-4,245

-        DAX FUT: 9,220-9,300

-        HANG SENG:24,700-25,050

-        AEX:394-400

PRECIOUS METALS

Bullion shall be range bound.

The next week is highly bullish for Gold & Silver (especially from Tuesday).

Silver as well shall witness a good bull trend in next week.

This positive trend shall continue for next week.

CRUDE OIL

Crude OIL shall be range bound for the day.

From next Tuesday, Crude Oil shall enter highly bullish trend.

 NATURAL GAS

NG went up to 3.92 last day. It is supportive for today as well.

Trading Range:

-        CRUDE: 95.20-97.00

-        NG: 3.84-3.94

  CURRENCIES

EURO

It is advisable to buy EUR/USD at lower levels.

INDIAN RUPEE (USD/INR)

HOLIDAY

DOLLAR INDEX

Sell dollar index on rise.

 TRADING RANGE:

- EUR/USD: 1.3340-1.3420

-USD/INR(SPOT):HOLIDAY

-DOLLAR INDEX: 81.75-81.45

US 10 YR-TREASURY BOND

Around 2.45, BUY 10 YR TREASURY BOND.

In next week, bonds shall shoot up (after Monday).

TRADING RANGE:

-US 10 YR T BOND:2.39-2.45 

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Indian Stock Market for 11th to 15th August 2014 | Astrology Prediction

Indian stock market shall be positive till 12.00 PM IST.

For tomorrow, opening and closing shall be bearish.

On 13th, gap down opening is indicated.

On 14th, bearish trend is expected.

In this week, 7,500 can be breached by Nifty while 14,800 can be breached by Bank Nifty.

TRADING RANGE:

#NIFTY AUG FUT: 7,590-7,700

#BANK NIFTY:14,800-15,200

BUY ON DIPS (FOR THIS WEEK):

-HUL

-DABUR

-GODREJ CONSUMER

-BRITANIA

-AUROBINDO PHARMA

-MARUTI

-TVS MOTORS

         

SELL:

-IDBI BANK

-RELIANCE CAPITAL

Stock Market for 8th August 2014

Stock Markets Around the globe

As expected, the change of position of Venus ignited geopolitical tension. The Ukraine issue is under stake at the moment which didn’t let the American market move up. However, I feel that today, S&P500 should trade positive.

Around closing hour, correction may be observed.

It must be noted that S&P500 went up to 1,924 last day.

With stop loss of 1,888, long S&P500 for target 1,925-1,934.

You are advised to book profit there as next week is not good for S&P500.

Asian and European market can experience recovery. In next week, bear trend is expected. Opening can be positive on Monday for Asian market but I am not sure. Please do not carry long position for next week.

At higher levels, it is advisable to short. The next week seems to be bearish.

After 15th August 2014, a U turn is expected. 

INDIAN STOCK MARKET

We were wrong with positive opening for Indian market today.

Owing to global cues, market shall open negative.

From lower levels, recovery shall be observed.

Market shall remain uncertain.

On Monday, opening can be positive. However, I am not sure about it.

In coming days, NIFTY could go up to 7,850 at the most while considering the downside, it may drop to 7,400.

You are advised to short NIFTY on rise.

TRADING RANGE:

#  NIFTY AUG FUT: 7,590-7,700

BANK NIFTY:14,800-15,200

SELL:

-        HPCL

-        BPCL

-        WIPRO

-        TATA STEEL

-        IOC

-        HINDALCO

BUY:

-        CAIRN INDIA

-        RCL

View for Global Stock Markets, Bullion & Copper

Stock Markets Around the globe

Owing to Scorpio Moon (for today and next day), volatility is indicated in global stock markets.

By Thursday, a big upside move is possible. S&P500 cross 1,945-1,955 in this time frame.

US closing for today is expected to be positive.

Asian opening can be positive for next day.

PRECIOUS METALS

Today, slight upward move is expected from 11.00 HRS IST.

However, overall, zigzag pattern may be seen for today and tomorrow owing to Scorpio Moon.

However on Thursday & Friday, a big upside move is possible.

BUY PRECIOUS METALS ON DIPS.

Next day’s opening for bullion is expected to be positive (Asian).

INDUSTRIAL METALS

August is highly bullish for Copper.

Copper may cross 3.40 in this month and hence it is advisable to hold long position.

Lead, Zinc & Aluminum are positive for the month of August 2014. 

CURRENCIES

EURO

EUR/USD shall be supportive. Big move is possible on Thursday.

INDIAN RUPEE (USD/INR)

Weakness shall continue in INR against USD.

Continue holding long position in USD/INR.

DOLLAR INDEX

Dollar index may experience a gradual downside move till Thursday.

TRADING RANGE:

- EUR/USD: 1.3400-1.3440

-USD/INR(SPOT):60.80-61.20

-DOLLAR INDEX: 81.50-81.20

US 10 YR-TREASURY BOND

Bonds shall be slightly supportive for today and tomorrow.

Sharp decline is possible on Thursday.

INDIAN STOCK MARKET

Today, Indian market shall be highly volatile.

We expect the market to shoot up after RBI policy.

Any time in this week, a big positive may be seen. Hence, hold long position.

TRADING RANGE:

# NIFTY AUG FUT: 7,640-7,750

# BANK NIFTY:15,100-15,500

BUY:

-RELIANCE CAPITAL

-CENTURY TEXTILE

- CESC

- INFOSYS

- TATA MOTORS

- SBI

-  YES BANK

- BANK OF INDIA

- KOTAK BANK

-  TATA STEEL

- HDIL

- TATA POWER