Here’s a part of today’s newsletter clearly showcasing the ‘up’ trend in bullion!
Global Stock Indices
It is “Shravan” nakshatra today. Owing to this, market can turn volatile & witness profit booking at higher level.
Around 20.15 HRS IST, Moon shall enter “ghanishta” nakshtra. American market shall then, enter positive phase, which would continue till 20th March 2015. You are advised to make long position on dips today.
S&P500 can go up to 2,-00. You can long at dips.
Energy, Power, IT, Communication, Nuclear, Healthcare, Pharmaceuticals, FMCG, Automobile sector shall be supportive. You are advised to BUY S&P500 on dips & hold for target 2,-00.
Bullion shall be weak till 14.30 HRS IST. And then onwards, it shall be range bound. Around 20.15 HRS IST, bullion will start moving up. After UK opening next day, there could be a temporary bullishness prevalent.
The bullishness that starts from 20.00 HRS IST, shall continue till 19th’s US closing. In this time period, Gold & Silver shall cross 1,180, 16.10 respectively.
You are advised to long bullion at lower levels & hold till 19th March 2015.
There are chances that Gold could even go as high as 1,-00 by 19th March.
On Friday, at higher levels, you can make short position in bullion.
– GOLD : 1,145-1,165
Copper shall follow the trend of bullion and other base metals. You can long Copper after American opening.
INDIAN STOCK MARKET
Indian market shall have gap up opening. After opening, profit booking is indicated.
After 10.30 HRS IST, trend shall be positive. Till closing, trend shall be positive.
Overall, trend is bullish till 20th March 2015. Maintain “buy on dips” strategy for Indian equities. In this time period, Nifty can go up to 8,900 while Bank Nifty can try to cross 19,500.
-NIFTY FUT: 8,600-8,800
-BANK NIFTY: 18,800-19,400
BUY ON DIPS:
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