Global Stock Indices
Last day, S&P500 made a high of 2134.
Today onwards, S&P500 is expected to drop with volatility.
Trend change may be observed.
Till the end of month, this weakness may continue.
S&P500 may drop to 2,090-2,080 or below.
Again from first week of June 2015, markets shall be back to positive trend (with volatility) till mid-June 2015.
Hold short position in S&P500.
A sharp correction is expected in S&P500 on Friday.
PRECIOUS METALS
Gold, Silver made lows of 1205 & 16.86 respectively. Trend seems to be positive for today and tomorrow.
By tomorrow, we expect Gold to go up to 1,225; Silver can go up to 17.50.
Make long position in GOLD with S/L 1200 & SILVER with S/L 16.80.
S/L-> Stop Loss
Around 17.50 & 1225, you can book profit in SILVER & GOLD long position.
Trend reversal may be seen from next day’s US opening.
On Friday, a sharp correction may be observed.
To compensate this correction, you are advised to book profit in long position at higher level and there itself make short position with S/L 1234 & 17.82.
In next week, 25th to 28th May shall be positive for bullion.
Especially, 26th to 27th is bullish for bullion.
MCX traders are advised to buy GOLD with s/l 27,200 & SILVER with s/l 38,800.
Target: GOLD- 27,600 & SILVER – 40,000-40,250.
CRUDE OIL
Crude Oil shall be positive for today & next day. It can shoot up to 61.00.
With s/l of 57.80, long crude oil.
INDIAN STOCK MARKET
Indian market shall have positive opening.
NIFTY FUT made a high of 8,445 & Bank NIFTY made a high of 18,550 last day.
Today, market shall open positive and then undergo correction.
With s/l of 8,450+ & 18,600+, make short position in NIFTY FUT & BANK NIFTY.
By the end of month, NIFTY may drop to 8,000 & Bank Nifty may drop to 18,000.
In the first half of June 2015, market shall be trading upward.
TRADING RANGE:
-NIFTY FUT: 8420-8320
-BANK NIFTY: 18550-18200
BUY ON DIPS (INTRA-DAY):
-TATA POWER
-DLF (S/L 121)
-COLGATE
-GLENMARK PHARMA
-JAIN IRRIGATION
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