Stock Markets Around the globe
Today, it is the reversal day for American market.
In Asian market, some weakness may be observed. However, for next day, positive trend is expected. For day after next day as well, it shall remain positive.
S&P500 is not expected to breach 1,904. If 1,904 is breached then S&P500 may drop at the most to 1,890. But, a U turn shall be seen there. 1,910 is a major support for S&P500.
In coming 2-3 days, a recovery of 30-40 points is expected in S&p500.
Today as well, it is the SCORPIO MOON, which may give out zigzag pattern for equities.
Still, today’s closing for US market is expected to be positive.
For next day, American & Asian market shall remain bullish.
PRECIOUS METALS
Last day, GOLD dropped to 1,282 while SILVER dropped to 19.75.
Bullion shall have a trend reversal from today.
It shall turn bullish from next day.
In coming days, GOLD shall cross 1,320 while SILVER shall cross 21.20.
From 13th August 2014, the intensity of bullishness shall increase.
Between 18th and 22nd August 2014, a highly bullish trend is expected.
Positional traders should BUY SILVER with stop loss 19.50 (closing-basis) & GOLD with stop loss 1,265 (closing-basis).
Instruction to book profit shall be provided in subsequent newsletter.
Tomorrow, VENUS is changing house. This can cause destructive disasters (either natural or man-made / geo-political situation). This will make bullion highly bullish.
INDIAN STOCK MARKET
Today, Indian market is expected to open on a bear note.
Some recovery may be seen after opening, till 11.45 HRS IST. And then, a drop may be observed.
Closing could be bearish.
For next day, market is bullish.
It is advised to long stocks on dips today.
Major support of NIFTY FUT is at 7,650 & BANK NIFTY is at 15,100.
TRADING RANGE:
# NIFTY AUG FUT: 7,680-7,790
# BANK NIFTY:15,150-15,400
BTST (BUY):
– CENTURY TEXTILE
– CESC
– TATA STEEL
– SBI
– ICICI BANK
– KOTAK BANK
– INFOSYS
– BHARAT FORGE
– CAIRN INDIA
INTRA-DAY BUY:
-LUPIN
-RANBAXY
-DIVIS LAB
-HPCL
-BPCL
CURRENCIES
EURO
EUR/USD shall experience a reversal from today.
Tomorrow, a big upside move is expected.
With stop loss of 1.3340, long EUR against USD.
INDIAN RUPEE (USD/INR)
Hold long position in USD/INR.
DOLLAR INDEX
Dollar Index shall witness a reversal.
In next 2 days, drop is expected.
TRADING RANGE:
– EUR/USD: 1.3355-1.3420
-USD/INR(SPOT):60.80-61.30
-DOLLAR INDEX: 81.70-81.20
US 10 YR-TREASURY BOND
Bonds shall witness a reversal from today.
It shall go down to 2.57 in next 2 days.
TRADING RANGE:
-US 10 YR T BOND:2.45-2.52
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