Stock Markets Around the globe
Scorpio Moon shall be there till 17.00 HRS IST, which shall make the trend uncertain.
In evening, profit booking may be observed. Overall, your strategy should be to “buy on dips”.
It is expected for global equities to be strong till 14th or 20th with volatility. If a dip is seen, consider adding long position.
BUY S&P500 FUT @1980-1985;
BUY DOW FUT @16900-17,000;
PRECIOUS METALS
Bullion experienced a sharp correction last day.
Gold made a low of 1,262 while Silver made a low of 19.10.
For today, some support is expected for bullion.
1,260 could be re-tested for Gold while 19.10-19.00.
It is advisable to long GOLD with stop loss below 1,260 and SILVER with stop loss 18.50.
Today, Jupiter shall be changing position at 22.30 HRS IST. It shall enter “ashlesha” nakshtra. Then onwards, bullion shall start taking support.
It shall be supportive till 5th September 2014.
From next week, bullion shall turn bullish.
Till 13th October 2014, it shall remain positive.
1,340 can be crossed by Gold while 22.00 can be crossed by Silver.
Either buy GOLD @1,260-1,262 or wait for evening to long.
ENERGY PRODUCTS
CRUDE OIL
As expected, Crude Oil had a sharp correction.
Venus shall move to Taurus navmansha.
From there, crude oil shall turn bullish.
92.00 is not expected to be breached.
NATURAL GAS
NG shall follow the trend of Crude Oil.
Bullishness shall be observed from evening.
It shall continue to be positive till Friday.
CURRENCIES
EURO
Next day, Mercury is changing position.
From there, EUR/USD shall move up.
We don’t expect EUR/USD to break 1.3100.
With stop loss of 1.3100, lony EUR/USD.
From next day, it shall gradually move up and continue to be positive in next week.
INDIAN RUPEE (USD/INR)
USD/INR shall be supportive.
DOLLAR INDEX
Dollar Index shall move up from next day.
It shall continue to be positive for next week.
INDIAN STOCK MARKET
Indian market shall open positive.
It shall remain volatile to positive till 12.00 HRS IST. And then between 12.00 – 13.30 HRS IST, it shall be weak.
And then, it shall remain supportive.
Indian stock market may experience a profit booking any time by next day.
However, stock market is bullish till 14 / 20th September 2014.
– NIFTY FUT IS STRONG ABOVE 8080, IF SUSTAINS CAN GO 8150+. NIFTY FUT IS WEAK BELOW 8080. IF SUSTAINS CAN DROP TO 8020-8000.
– BANK NIFTY IS STRONG ABOVE 16100. IF SUSTAINS CAN GO UP TO 16,250+. BANK NIFTY IF WEAK BELOW 16,000 CAN DROP TO 15,800.
BUY:
– CIPLA
– CENTURY TEXTILES
– MARUTI
– BAJAJ AUTO
– HPCL
– BPCL
– IOC
– RANBAXY
– RELIANCE INFRA
– RELIANCE CAPITAL
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