Global Equity Indices
In the previous session, US market closed flat to negative. Today as well, the market may remain flat. On Monday, a negative trend is possible. Around 2805-2808, one may short S&P500 with S/L 2812. If 2812 is crossed then technically it opens doors to 2830.
European market shall be negative for the day. Asian market shall witness profit booking in the second half. It is advised to short DAX @ 13270. Short AEX @ 565-566 and Hang Seng at higher levels.
We are still positive on bullion until 22nd January 2018. With S/L of 1315 and 16.80, positional traders can hold Gold and Silver respectively.
Crude oil shall be bullish for next Monday and Tuesday. With S/L of 62.90, long crude.
Bitcoins & Ripple
Bitcoins and Ripple went through a considerable positivity. Bitcoin made a high of 11300 while Ripple made a high of 1.60. It is advised to book 50% profit (in the long position made yesterday at lower levels) and again buy back 30% at lower levels.