Market Predictions for 16th June 2016

OFFER OF THE DAY:

Get an extra month of service with a quarterly subscription.

For details, e-mail astrodunia@gmail.com or call +91-9301717647 or +91-8225019000.

KEY LEVELS & TRADING STRATEGY :: ONLY FOR MEMBERS

Global Equity Indices

FOMC minutes led market as per our expectations and prediction. S&P500 SEPT FUT made a high of 2077 and then dropped to 2060. For today and tomorrow, market shall behave negative. Bearishness may increase (especially over Friday).

US market shall close at lows.

It can drop to xxxx-xxxx. It is advisable to cover short position (made at 2075) around Friday’s closing.

On Monday, market shall open negative. For fresh buying, wait for Monday. On Monday, low of US market shall be made around Asian time or US opening. Fast recovery is indicated then onwards.

 PRECIOUS METALS

Bullion shall be bullish for today and tomorrow (especially tomorrow). It is advisable to long bullion at every dip.

GOLD can move up to xxxx-xxxx while SILVER can move up to xx.xx or above.

Weekly closing is expected to be at higher levels.

EURO

It was advised last day to Buy EUR/USD at 1.1200 – the first target 1.13000 has been achieved. From here onwards, EUR/USD will decline and by tomorrow, it can drop to 1.11800. Sell EUR/USD at higher level.

 

USD/INR

Top of USD/INR shall be made tomorrow.  Buy USD/INR at 67.00-67.10 for target 67.50+ by tomorrow.

DOLLAR INDEX

Dollar index shall move up from today and close at top next day.

US Treasury Bonds

Book 50% profit in bonds at 1.57 (US 10 YR) & 2.40 (US 30YR) and buy bonds on dips.

Posted in Stock Market And Bullions.

Leave a Reply