Profitable Market Strategies for 14th August: Global Equity, Precious Metals, Energy, and Currency Analysis
In the previous trading session, the US market went through a phase of profit booking. Our advised short positions on S&P500 SEPT FUT and DOW SEPT FUT proved profitable. Positional traders were also advised on put options in DOW SEPT contract.
Market volatility is expected to continue, with some weakness indicated. European markets also saw sharp profit booking. Bullion is anticipated to trade positively with gold and silver showing upward potential. Crude oil and natural gas also have promising prospects.
In currency pairs, EUR/USD is expected to move upwards while the Dollar Index may decline. We advise shorting USD/JPY and holding long positions in EUR/USD. Furthermore, the Indian stock market may see a phase of consolidation with a potential correction observed between 4th August and 28th August.
Trading Range:
- NIFTY: 10050 – 9950 – 9900
- BANK NIFTY: 25050 – 24800 – 24500
Technical Levels:
Nifty
Support : 9900
Resistance : 10150
Bank Nifty
Support : 24500
Resistance : 25100
Buy on Dips (Intraday):
- JK PAPER
- GLENMARK PHARMA
- ICICI BANK
Sell:
- IDEA
- DR. REDDY
- MARUTI
Stay updated with our latest market insights for profitable trading strategies.
(Updated on 14th August 2012)
Courtesy: Rajeev Prakash, Director of MAA ASTRO DUNIYA PRIVATE LIMITED.
AstroDunia: The Only Market Timing Firm You’ll Ever Need
AstroDunia is a market timing firm that uses astrology to predict market movements. The firm was founded by Rajeev Prakash, a financial astrologer with over 20 years of experience. AstroDunia has a team of expert astrologers, analysts and technocrats who use a variety of astrological techniques & advanced technologies to forecast market trends.
About Rajeev Prakash
Rajeev Prakash is the founder and CEO of AstroDunia. He is a financial astrologer with over 20 years of experience. Shashi Prakash Agarwal is an experienced market timing expert with 12 years of experience in the field. He holds an MBA in Finance from NMIMS Mumbai and an engineering degree in Computer Science. This unique combination of education and experience gives him a unique perspective on financial markets, as well as the ability to analyze market data using advanced computational tools and techniques. Throughout his career, he has demonstrated a deep understanding of financial markets, with a proven track record of success in his field.
Prakash is a leading expert on the use of astrology to predict market movements. He has written several books on the subject, and he is a frequent speaker at financial conferences. Prakash is also a regular contributor to financial publications.
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