Last week, we had short S&P500 FUT @ 2100 & NIFTY @ 8300 and bought GOLD (MCX) and SILVER (MCX) around 23rd June’s closing. Our clients made a huge profit in bullion as well as stocks in Indian and international market. We are long in USD/INR since it was trading at 62!
Hopefully, you wouldn’t like to miss such chances again. Contact: +91-9669919000 or e-mail: email@example.com for details of subscription to our services. Mr Rajeev is in Mumbai on 27th June 2016.
STOCK MARKETS AROUND THE WORLD
Last week owing to brexit, market witnessed a serious crash. S&p500 FUT made a low of 1999 in this fall.
Today, market shall behave weak. Opening shall be at lower levels and closing shall also be bearish. From tomorrow, flat to positive trend is indicated.
On Wednesday-Thursday, bullish trend is indicated. On Friday, correction is indicated
As per astrology, in the short term – market is bullish from 28th June to 23rd July 2016. In this time frame, S&P500 FUT can move up to 2100 or higher.
Positional traders can long S&P500 FUT – 30% around 2005-8, 30% around 1980 and rest 40% around 1960 OR 50% at today’s closing and rest 50% tomorrow. Hold this long position for target above 2100.
Today, Mercury shall move to Gemini. Today, you can buy banking stocks around closing.
Last week, Gold made a low of 1251 while Silver made a low of 17.05. A short term low has been made in bullion. These lows aren’t expected to be breached. And until 10th August 2016, Gold can go up to 1450 while Silver can go up to 26.00. Silver shall be more bullish. In this week, GOLD can go up to 1360-1380.
Gold seems to be overall positive in this week.
In next week, 4th to 6th shall be weak while 7th – 8th shall be positive.
Crude oil made a low of $46/bbl last week. In the current week, it may move up to $49/bbl. In next week, a considerable sell off is expected. With S/L of 46, long crude oil for target 49. Around 49-50, make short position in oil for target 45 and below.
NG shall be bearish until 9th July 2016. Strategy should be “sell NG on rise”. It can drop to 2.45 or lower.
Hold short position with S/L 2.81 for target 2.45.
EUR/USD made a low of 1.0900 in the last week. The low shall be re-tested. Around 1.0900-1.0950, you can long EUR/USD with S/L 1.08000 for target 1.1200-1.1300.
US Treasury Bonds
Bonds shall make a top today.
You are advised to book profit in the long position today itself and build short position next day.
INDIAN STOCK MARKET
Indian market shall be weak for the day. Today, Nifty can drop to 7900 while Bank Nifty can drop to 17000. Positional trader can long 50% Nifty and Bank Nifty today and rest 50% next day.
Here onwards, Nifty will go up to 8300 while Bank Nifty will go up to 17900-18000.
In this week, Monday is weak while Tuesday is range bound to positive. Wednesday and Thursday are bullish while on Friday, profit booking is anticipated.
Next day onwards, banking stocks and Bank Nifty shall be more positive. It is advised to long bank related stocks today.
NIFTY FUT: 8100-7920
BANK NIFTY: 17500-17050
BUY ON DIPS (POSITIONAL):
- BANK OF INDIA
- UNION BANK
- YES BANK
- LIC HOUSIN
- SKS MICRO
- INDIA CEMENT
- ACC CEMENT
- GODREJ INDUSTRIES
- SUN PHARMA
TRADING RANGE & DETAILED VIEW FOR OTHE MARKETS :: ONLY FOR MEMBERS