—————<< Part of 17 dec 2015: newsletter>>———-
GLOBAL EQUITY INDICES
FOMC hiked the interest rate as per our last expectations (0.25%). Equity market shall witness profit booking in a day or two. At an overall perspective, positivity shall lead the market till Christmas. You can add long position in S&P500 FUT @ 2040-2030. Intraday traders may make short position in S&P500 MARCH FUT @ 2060-2065 with s/l 2080 for target 2035.
US TREASURY BONDS
You are advised to hold long position in US 10 YR Treasury for target 2.20.
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USD/INR
Book 50% profit in short position @ 66.50-66.40 and hold rest position.
On Friday, a bounce back is expected in USD/INR.
———————–<< Part of 18 dec 2015’s newsletter>>—–
The square of Sun-Rahu led markets to serious declining trend last day.
Today, recovery is expected from lower levels in equities. On Monday, mixed trend is expected. A similar aspect was observed in bullion – Gold made a low of 1046 while Silver made a low of 13.62. On Wednesday, Gold made a high of 1076 & Silver made a high of 14.30 – confirming the bullishness expected in our weekly newsletter.
It is a “BIG” Question if Gold will also recover or NOT??? Will Gold Again Cross 1075 or Breach 1024 & Silver Again Cross 14.40 or Breach 13.50? Has the bottom of crude oil been made? Will the trend reverse for crude oil from today?
In Monday’s weekly newsletter, we had mentioned correction / profit booking on Friday in Indian equity market. Our upper target of 7800 & 16800 for NIFTY FUT & BankNifty were achieved last day. Today i.e. Friday, market shall have gap down opening. But what’s next? Will Market Reverse or Correct Further????
We had advised traders to short USD/INR @ 67.20. Within 48 hours, it dropped down 66.30.
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