View sent about precious metals on 31st July at 07.45 AM IST

Precious Metals

It is the last day of bearishness in bullion and so you are advised to cover your existing short position.

Positional traders are advised to buy GOLD @ 1080-1085 with s/l 1064 & Silver @ 14.50-14.60 with s/l 14.20.

Next week onwards, especially from 5th August 2015, Gold and Silver shall start moving up till 25th August 2015.

TRADING RANGE:

  • GOLD:1078-1095
  • SILVER:14.50-14.80

View on Indian market as sent on 31st July 2015

Indian market shall be volatile to positive but experience profit booking in closing hours.

Debilitated Mars can cause a decline in realty and infra stocks.

After first week of August, market shall enter in a positive cycle. From 15th August, trend shall be more positive.

You are advised to accumulate long position on dips.

TRADING RANGE:

  • NIFTY FUT: 8550-8450
  • BANK NIFTY:18800-18400

BUY FOLLOWING STOCKS ON DIPS:

  • UNION BANK
  • LIC
  • SBI
  • INDIAN BANK
  • IDFC
  • BANK OF BARODA
  • ANDHRA BANK
  • MANIPURAM FINANCE

We Pray Tribute to the “Wings of Fire”

ERA-KALAMThe Republic Of India lost one of its most precious gems in the scientific era.

Dr. APJ Abdul Kalam is famously known as the people’s president & an outstanding scientist who literally accelerated the growth of India’s space programs and military missile development efforts.

He shall live in our hearts for ever. He stands as an ideal for every Indian who aspires to achieve the horizon of sky with determination. A young boy belonging to a poor family, who scored average grades and yet with the right mixture of conviction and dedication, becomes a reason of enormous inspirations for every individual in the world. His sister had mortgaged her bangles to send him to study. Everything about him is truly exceptional.

His writings and work shall continue to inspire the next Einsteins, Newtons and Pascals in the world!

All that we can say is: He was a true legend who’ll be cherish till the end of mankind.

May his soul rest in peace!

“We are all born with a divine fire in us. Our efforts should be to give wings to this fire and fill the world with the glow of its goodness.” – Dr. A.P.J. Abdul Kalam (Wings of Fire)

 

 

Prediction Turns out to be right

Last day, we had mentioned that Gold would move up by about 1% and as a matter of fact Gold climbed up from 1076 to 1101 and closed at 1098.

In MCX, Gold bounced up from 24,451 to 24,715.

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Sharp fall in global stock market next week

Precious Metals

Gold touched 1105 and Silver touched 14.92. A trend reversal was seen from here.

From this point onward and till 3rd August (+/- 1 day), bullion shall continue to fall.

You are advised to stay away from bullion.

Long term bullishness shall start in bullion from 4th / 5th August 2015.

By then, market can experience correction.

You should hold GOLD & SILVER PUT OPTIONS till 3rd August 2015.

It is broad range day.

Strategy shall be : sell ‘bullion’ on rise.

TRADING RANGE:

  • GOLD : 1085-1073
  • SILVER:14.80-14.40

GLOBAL Stock INDICES

Global markets shall be uncertain for some time. Uncertainty shall continue for next week.

This fall may last till 4th August 2015. If recovery is observed, you can make short position at higher level.In coming days, a further decline of 5 to 6% could be observed.

If S&P500 re-tests 2110-2115, you can add short position / buy put options.

INDIAN Stock MARKET

Indian market shall be uncertain for the day.

TRADING RANGE:

  • NIFTY FUT:8500-8650
  • BANK NIFTY:19150-18800

BUY ON DIPS:

  • ALSTOM INDIA S/L 810 TGT 835

SELL:

  • BHEL S/L 290 TGT 250 (POSITIONAL)
  • OBC S/L 177 TGT 163

Watch Trend in Bullion

You are advised to watch the trend of bullion between 16.00 and 17.00 HRS IST. If today’s lows aren’t breached by this time period, recovery shall be observed which may continue for next day as well.

Bullion to be clearly positive from 5th August 2015

GLOBAL Stock INDICES

Stock market shall be volatile to positive till 22nd July 2015. On 23rd and 24th, bearish trend is expected.

This trend may continue with volatility for next week.

On the higher side, S&P500 can shoot up to 2134-2140.

Make short position in S&P500 @2134-2140 with s/l 2160 for target 2080 & below.

Monday seems to be positive.

On Tuesday, mixed trend is expected.

Market shall be positive on Wednesday.

Between Thursday & Friday, weakness is expected.

Precious Metals

Gemini Mercury has created a huge panic in bullion since 6th July 2015. At 23.10 HRS IST, it shall be changing house.From here, a recovery is indicated which shall keep the market up till 23rd July 2015.  Watch the trend on 24th July 2015, if it is negative, it shall continue to be negative till 4th August & if it is positive, it shall continue to be positive till 3rd August.

Clear positive trend in bullion shall start from 5th August which shall continue till weekend.

Last Friday’s low was 1129 for Gold & 14.80 for Silver.

Today, Gold made low of 1086 while Silver made a low of 14.50.

The day is fully uncertain. High volatility shall be observed and so avoid any kind of trades today.

You can resume trading from tomorrow.

INDUSTRIAL METALS

Copper shall be uncertain & follow trend like bullion.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be uncertain. From 23.10 HRS IST, it shall turn positive. With stop loss of 50$/bbl, you can long there.

NATURAL GAS

NG shall be uncertain. From 23.10 HRS IST, it shall turn positive. ALERT: AVOID TRADING IN NG & CRUDE OIL TILL 23.10 HRS IST.

INDUSTRIAL METALS

Copper shall be uncertain & follow trend like bullion.

INDIAN Stock MARKET

Indian market is positive for the day.

Next day, trend is mixed.

On Wednesday, positive trend is expected.

Either Thursday / Friday shall be negative.

TRADING RANGE:

  • NIFTY FUT: 8590-8655 AND ABOVE
  • BANK NIFTY:19050-19300

TECHNICAL LEVELS

ABOVE 8660, NIFTY CAN GO UP TO 8690-8710. BELOW 8580, NIFTY CAN DROP TO 8550-8510.

ABOVE 19250, BANK NIFTY CAN GO UP TO 19400.

BELOW 19000, BANK NIFTY CAN DROP TO 18800 & BELOW.

BUY ON DIPS:

  • LIC
  • MARUTI
  • BHEL
  • HAVELLS
  • ABAN OFFSHORE
  • BEL
  • BEML
  • CENTURY TEXTILES
  • RAYMOND

9th July 2015: Prediction covering bullion, Nifty and S&P500

GLOBAL Stock INDICES

Global markets shall continue in uncertainty & high volatility. US market can get a bounce back forcing S&P500 to move up to 2070/2080. However, a fall shall be observed at higher levels.

From 15th July 2015, market shall be back to normal & positive trend.

HSI moved back from lower level last day but again it’ll experience drop at higher level very soon.

Precious Metals

It is a positive day for bullion.

Around 13.30 to 15.15 HRS IST, a correction may be experienced. After 15.1500 trend shall be positive.

Price of Gold and Silver shall trade in positive trend till 07.30 PM.

And then, range bound to volatile trend is expected.

On Friday, opening could be positive.

Around Friday’s evening session, bullion can trade in negative trend.

1172-1180 & 15.40+ can be achieved by Gold & Silver respectively in time frame of 2 days.

It is advised to book profit in Gold and Silver at higher levels before next day’s UK opening.

INDUSTRIAL METALS

Copper shall follow the trend in bullion.

It shall remain positive till next day’s opening and then correction may be observed.

ENERGY PRODUCTS

CRUDE OIL & NG

Major support of crude oil lies at 50.00. This level wasn’t breached last day. It can go up to 53.50. S/L shall be $50/bbl.

NG and Crude are in overall weak trend & shall enter positive run from 15th July 2015. NATURAL GAS NG shall be uncertain for the day. Recovery is indicated from lower levels.

INDIAN Stock MARKET

Indian market shall be highly volatile, uncertain and bearish.

This trend shall continue till first half of next day.

From second half of next day, recovery is indicated.

TECHNICAL LEVELS

Nifty is weak below 8430 and if 8340 is breached, it can drop to 8250 or lower.

TRADING RANGE:

  • NIFTY FUT: 8430-8280
  • BANK NIFTY:18600-18200

BUY ON DIPS:

  • YES BANK S/L 687
  • ESSAR OIL S/L 186

SELL:

  • TATA MOTORS
  • BHARAT FORGE
  • SBI S/L 273

Bailout package denied by Greece & aftermath

GLOBAL Stock INDICES

As expected, the fear of GREECE to deny bailout from EURO came true. It is not yet exiting the EURO ZONE. However, this has impacted stocks at global level. Till last week, Sun was in adra nakshatra, which supported Stock market to some extent and today onwards, Sun is entering Punarvasu nakshatra which shall be overall bearish for Stock market with volatility. This shall continue till 14 / 20th July 2015.

On 15th, Jupiter shall move to Leo sign, which shall be a bullish indicator for Stock market in medium term.

It shall be evident to see if market bottoms out on 14th or 20th July 2015.

On 20Th July 2015, Sun shall enter ‘pushya’ nakshatra. Market shall be bullish then onwards, till September & October. In this time frame, market will make a considerable top level.

In the long term, S&P500 has potentials  to cross 3,000.

Positional traders shall wait and watch to accumulate long position in stocks. In this fall, S&P500 can drop to 2,000 or below.

Venus moved to Leo last day. Mercury has also moved to Gemini. In this week, bearish trend is expected in a day or two with volatility.

On Wednesday, positive trend is expected.

On Thursday & Friday, negative trend is expected.

Hold the S&P500 put option for target 2000.

Precious Metals

Bullion had a U turn from 1156 & 15.45 (Gold & Silver respectively). In this week, bullion shall make a high by day after next day.

Thursday-Friday shall be a mixed to negative day for bullion. Bullion is getting ready for the bigger fall. Gold lovers shall be ready as Jupiter is moving to Leo, which shall start positional bullish trend in bullion and is expected to last till October 2015 with volatility.

In month of August-September, bullion shall be bullish.

Next week, 13th onwards, bullion shall be in positive trend.

In this week, close your long position around Wednesday and buy back at Friday’s closing.

Today, the trend shall be range bound.

On Tuesday and Wednesday, market shall be positive.

Gold can cross 1180 & Silver can cross 16.20 by Wednesday.

INDIAN Stock MARKET

Last week, we had notified you that this week could be bearish. Sun in Adra nakshatra saved market from bearish trend last week. Today onwards, Sun is shifting to Punarvasu nakshatra, which  shall force Indian equities to bearish trend. Positional traders should be alert here.

Market can witness a big fall anytime soon, which may continue till 15 or 20th July 2015.

On 15th, Jupiter is entering Leo- which is highly bullish for market.

By September, financial and PSU banking related Stock shall witness a grand bull run. Positional traders need to wait till 20th July 2015 to accumulate long position.

In month of September, stocks may be at really higher levels that you can’t expect at the moment.

In long term, Nifty can cross 9,500.

In short term, if Nifty sustains below 8,560 can drop to 8,150 or lower.

In short term, if Bank Nifty sustains below 18,860 can drop to 17,500 or lower.

Venus has changed position, which shall support cotton & textile sector.

 

Market shall be bearish for today and next day.

On Wednesday, bullish trend is expected.

On Thursday-Friday, mixed to negative trend is expected.

TRADING RANGE:

  • NIFTY FUT: 8520-8380
  • BANK NIFTY:18750-18350

BUY ON DIPS (for this week):

  • CENTURY TEXTILES
  • HUL
  • LIC
  • HDFC
  • MOTHERSON SUMI
  • ASIAN PAINTS
  • TVS MOTORS

SELL:

  • TATA MOTORS
  • BHARAT FORGE
  • APOLLO TYRES