GLOBAL STOCK INDICES
In 1953, Greece, Spain along with some other countries in Europe canceled half of postwar Germany’s debt. That cancellation, and the way it was done, was vital to the reconstruction of Europe from war. It stands in marked contrast to the suffering being inflicted on European people today in the name of debt.
Will Germany retaliate with enthusiasm to help Greece?
Today, mixed to positive trend is expected in Asian, European and American market.
US market shall move up and then experience correction at higher levels.
On Monday, Asia can have negative opening.
Due to China’s hard steps, the fall in Chinese market stopped and eventually Chinese & HK indices moved up.
The uncertainty in market shall continue till 15th July 2015. And then, positive trend is expected.
Book profit in S&P500 around 2065-2075.
We had indicated positivity in bullion on Wednesday & Thursday. In this time period, Gold made a high of 1167 from lower level of 1146 while Silver made a high of 15.55 from lower level of 14.45.
In this very period, Copper made a high of 2.58 from the lower level of 2.39.
For today, till 12.00-12.30 HRS IST, slightly positive trend is indicated for bullion. After UK opening, gold & silver shall start to drop (especially between 17.00 HRS IST and US opening, more of negative trend is expected – hence be alert around this time period).
And then, a recovery is indicated. However, closing still seems to be bearish.
Next week is positive for bullion.
On Monday, till 12.30 HRS IST, it shall be Rohini nakshatra. In this time period, slight recovery may be observed. And then, trend shall be bullish.
Make 50% long position tonight and for rest 50% wait for Monday (if lower level is available).
Wait for next weekly newsletter for details.
Intraday traders can make short position in Gold with S/L 1171 for target 1150-1148. Similarly, short position can be made in Silver with s/l 15.75 for target 15.20-15.00.
INDIAN STOCK MARKET
Weakness shall last till first half of the trading session. A bounce back is seen after 13.30 HRS IST.
- NIFTY FUT: 8390-8340
- BANK NIFTY:18700-18300
BUY ON DIPS:
- BANK OF BARODA
- BANK OF INDIA
- YES BANK S/L 790
- TATA STEEL (POSITIONAL BUY WITH S/L 260 FOR TGT 350)
- TATA MOTORS (POSITIONAL BUY WITH S/L 380 FOR TGT 440)
- JSW STEEL
- JET AIRWAYS
In next week, market is expected to be uncertain till 20th July 2015. Then onward, a positive cycle is indicated. In the month of September 2015 market shall be at really higher levels. So, you can make positional long position for a period of 3 months, in PSU banking, housing finance, IT sectors related stocks. Details shall be available in next weekly letter, which shall be sent to our clients & not opened for public on the website. From here, we are expecting a move of upto 50% -60% in some stocks.
If you are interested in knowing about these stocks, you must SUBSCRIBE. Please note that next week, we shall be unable to make most of our content public and hence, if you are interested in our predictions, it’ll be more useful for you to join our service.
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