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.
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.
- NIFTY FUT: 8520-8380
- BANK NIFTY:18750-18350
BUY ON DIPS (for this week):
- CENTURY TEXTILES
- MOTHERSON SUMI
- ASIAN PAINTS
- TVS MOTORS
- TATA MOTORS
- BHARAT FORGE
- APOLLO TYRES