Prediction for gold and stock market in September 2013

Global Stock Indices:

Today, global stock indices shall be volatile to positive. But profit booking is indicated at closing hours.
In next week, all global markets shall be volatile to bullish.
Today’s Trading Range:
DOW(FUT):14,820-14,870

S&P500(FUT):1,632-1,642

NASDAQ(FUT):3,080-3,115

FTSE100(FUT):6,440-6,485

CAC40(FUT):3,975-3,998

DAX(FUT):8,270-8,230

HANG SENG (FUT): 21,570-21,820

NIFTY(FUT ): 5,350-5,450

ALERT: US stock market, NYMEX and COMEX shall have holiday on 2nd September 2013

PRECIOUS METALS:
Bullion shall trade volatile to bearish till 5th September 2013.
Sharp fall may be seen on 4th September 2013.
Today’s trend: Bullion shall be volatile to steady till 11.00 HRS (IST). And then on wards, negative till 15.00 HRS (IST). From 15.00 HRS (IST) to 19.00 HRS (IST), volatile to positive trend is expected.
And then from 19.00 HRS (IST), fall shall be observed till closing.
By next week, Gold can drop to 1,350-1,330 while Silver can drop to 22.50 & below..
Today’s Trading Range:
GOLD:1,415-1,380

SILVER:24.25-23.30 & BELOW

View on Base Metals:

Copper and base metals shall be volatile to bearish. It shall remain in volatile to bearish trend till 5th September 2013.
Today’s Trading Range :
COPPER: 330-320
View On Energy Products:

CRUDE OIL
Crude Oil shall be volatile to bearish. In next week, OIL could drop to 102$/bbl.
NATURAL GAS
Volatile to positive for today.
Today’s Range:

CRUDE OIL: 109.20-106.20

NG: 3.60-3.68

Currencies:

EUR/USD shall trade volatile to bearish. In next week, EUR/USD can drop below 1.3000.
USD/INR below 70.00 can drop to 65.00-64.00 in coming weeks.
TODAY’S TRADING RANGE:
EUR/USD: 1.3280-1.3180

View on Indian Stock Market

Today, Indian stock market shall be \volatile to positive in first half but profit booking is expected in second half.

In next week (from 2nd September 2013), bullish trend shall be seen in Indian stock market. Nifty can drop down to 5,600.

Today’s Trading Range:

NIFTY: 5,350-5,450

BUY:

GRASIM

LUPIN

UNITED SPIRITS

ICICI BANK

MAHINDRA & MAHINDRA

SESA GOA

RCOMM

TATA MOTORS