Market move after ‘NON FARM PAYROLL ANNOUNCEMENT’

Global Stock Indices

S&P500 made a low of 2084. We have been indicating that market may move towards weakness on 4th and 5th. Today, it is the non-farm payroll announcement. At most, S&P500 can make a low of 2080. From this point, market will move upward. Next week – Monday and Tuesday seems bullish.

With ups and downs, bullishness may be experienced in next week if market moves positive after announcement of data.

In next week, S&P 500 can cross 2120.

At lower levels, you are advised to long S&P500. It is Gachch Kesari Yog forming  today, which will help market in upward trend.

TRADING RANGE:

  • DOW (FUT): 17,720-17,950
  • S&P 500 (FUT):2080-2115
  • NASDAQ (FUT): 4670-4735
  • FTSE (FUT):6300-6380
  • CAC(FUT):4930-5010
  • DAX(FUT):10800-11000
  • AEX(FUT):460-478
  • HENG SENG(FUT):22650-22950

PRECIOUS METALS

Last day, we mentioned that trend near 2nd October is being repeated again. Today, after announcement of data, bullion is expected to move up.

You are advised to be cautious with stop loss.

If it moves up after announcement of data, it shall be bullish with volatility till 17th November 2015. With a stop loss of 1098, make long position in Gold & 14.70, make long position in Silver.

MCX traders shall make long position with stop loss of 200 points (in Gold) & 500 points (in Silver) from the price before data announcement. Stop loss of 25670 in Gold & 35200 was given which weren’t triggered. Update the stop loss for Silver to 34900.

TRADING RANGE:

  • GOLD: 1101-1134
    • SILVER: 14.80-15.40

CRUDE OIL

Crude Oil shall be range bound for the day. It shall not breach $44/bbl. In next week as well, positive trend shall be observed.12th to 17th : crude shall be highly bullish. It can reach $48/bbl.

NG

We had forecasted positive trend in NG. NG moved up by 5%.

It is a supportive day. If NG sustains above 2.40, it shall continue to be bullish for next week.

 

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