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7th November 2012
Overview Of Global Stock Indices:
Today, global stock indices shall be highly volatile to positive. Good rise to be seen from tomorrow.
In yesterday’s newsletter, we mentioned to buy S&P 500 @ lower level – 1405 and then it crossed 1425. This must have been a great profit for you. You must BUY S&P500 on dips. We expect S&P to cross 1480-1500 by December 2012.
TRADING RANGE (7th November 2012)
– DJIA (DEC-FUTURE): 13,130-13,230
– NASDAQ (DEC-FUTURE): 2,645-2,670
– S&P 500 (DEC-FUTURE): 1,410-1,430-1435
– FTSE 100(FUT): 5,820-5,895
– DAX(FUT): 7,315-7,430
– CAC(FUT): 3,460-3,492
– HANG SENG INDEX (FUT):21,900-22,180
– NIFTY (SPOT): 5,750-5,830
Overview Of Indian Stock Market:
In last day’s newsletter, we recommended to buy Nifty & Bank Nifty and some specific stocks at closing hours . We expect that it’ll give you a good profit today. And moreover, market is good for tomorrow as well. So maintain your buying position.
In coming days, this market can cross 6,000.00. OUR STOP LOSS SHALL BE 5,600.
Today, BUY: CAIRN BANK, KTK Bank, KOTAK Bank, KARUR Bank, Lakshmi Machine, Mastech, Microtech, L&T.
Overview Of Precious Metals:
Summary:
– Yesterday, we recommended to make buying position after 10.00 PM (22.00 HRS IST). If you did so, you must have made good profit. Gold from 1688 went up to 1717 while Silver also had a good bull trend by crossing 32.00. You must have made good profit there as well.. Happy Trading
– Again, buy BULLION on dips for coming days.
– Market is bullish for tomorrow.
– By December 2012, Gold will cross 1820 while Silver can cross 36.50
Trading Range (7th November 2012):
– GOLD: 1700-1725
– SILVER: 31.55-32.30
Overview Of Industrial Metals:
Copper is positive for coming days. All base metals have bottomed out on Monday. It’s fine time to buy them along with Copper on dips for coming days.
Trading Range (7th November 2012):
– COPPER: 350.00-354.00
As said in last day’s newsletter to sell USD against INR, it went down from 54.90 to 54.36.
But after 22.00 HRS (IST), you must close short and make buying position in Gold & Silver but only in small quantity due to USD/INR fluctuation. Rupee can get strong from tonight. So it’ll have an impact on Gold & Silver prices.
Last day we informed you “ Sun to enter in Vishakha nakshatra and Mercury retrograde, which is supportive for Bullion and base metals.”
OVERVIEW OF CURRENCY:
TRADING RANGE (7th November 2012)
– EUR/USD: 1.2750-1.2880 (BUY ON DIPS FOR TARGET 1.2950-1.3080 IN COMING DAYS)
– USD/INR:54.60-53.80
– DOLLAR INDEX: 80.80-80.20 (TODAY SELL DOLLAR INDEX ON HIGER LEVEL)
OVERVIEW OF ENERGY:
TRADING RANGE (7th November 2012)
-CRUDE OIL: 87.00-89.00
OVERVIEW OF MCX:
Last day, we recommended to buy GOLD & SILVER @22.00 PM (IST). If you did buy, you must have made huge profit. Our members have made huge profit in Bullion last night.
In coming days, Silver will cross 65,000 & Gold will cross 32,000. Keep buying position in Bullion and base metals.
(Updated at : 07/11/2012 7:20:21 AM (IST)
Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.
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