IMPLEMENT "MARKET TIMING" THEORY
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Global Stock Indices
Last week, as expected, S&P500 made a high of 2,113.
In this week, market shall remain bullish on Monday and Tuesday.
On 13th and 14th, zigzag / slight correction may be observed.
On 15th, recovery is indicated but we aren’t very sure about the recovery. On 15th as well, it could be overall weak or slightly positive.
In the first 2 days of this week, S&P500 JUN FUT can move up to 2,119. If 2,120 is sustained, it can go up to 2,135-2,145.
After mid-week, S&P500 shall again drop to 2,080.
TRADING STRATEGY & RANGE :: ONLY FOR MEMBERS
Gold made a low of 1,170 last week and closed at 1,187.
On Monday and Tuesday, trend seems to be positive. On Tuesday, trend shall be more bullish.
On Wednesday & Thursday, trend shall be bearish / zigzag i.e. with volatility.
On Friday, trend shall again turn positive.
In the first 2 days, Gold can cross 1,200-1,220 while Silver can reach 16.80-17.20.
By Wednesday, Gold could again drop to 1,180 & Silver could again drop to 16.20.
In next week, Monday & Tuesday are positive.
To know “WHEN GOLD WILL CROSS 1300/1400″, YOU MUST SUBSCRIBE. ( CALL : +91-9301717647 or E-MAIL: astrodunia[at]gmail.com for details.
Crude Oil made a high of 62.50 & low of 58.40 last week.
In the first 2 days of this week, Crude shall prove to be positive.
Between Wednesday and Friday, slightly weak trend may be observed.
In next week, Monday & Tuesday are again positive.
INDIAN Stock MARKET
Last week, Nifty Fut made a low of 8,020 & Bank Nifty made a low of 17,200.
On last Friday, market recovered & Nifty made a high of 8,250 & Bank Nifty made a high of 17,800.
On this Monday-Tuesday, Nifty can go up to 8,350 & Bank Nifty can go up to 18,400+.
From Wednesday, trend shall again be weak till Friday.
In this time frame (from Wednesday), you can short NIFTY FUT @ 8,350-8,400 for target 8,000.
Stocks to be bought for the first 2 days of the week:
On Tuesday, you are advised to cover your long position for once.
Trend shall be neutral for the day. From next day and up-to Wednesday, trend shall remain positive. On Thursday, after UK opening, trend shall reverse. On Friday, a sharp fall is expected. <<DETAILED VIEW:: ONLY FOR MEMBERS>>
Global Stock Indices
Stocks shall be positive for this week. US market is expected to trade neutral to positive.
For next day as well, global equities shall be positive. Today, the trend in market is somewhat neutral or uncertain.
On 5th and 6th, positive trend is expected. For 7th, volatile to uncertain trend is predicted. US market may witness weakness. On 8th, trend shall again be positive. If market drops any time in this week, it’ll again move up. So you are advised to maintain “BUY ON DIPS”.
Next day and up to 7th May, it is the SCORPIO Moon. Intraday traders are advised to be alert around this time in any kind of market.
INDIAN Stock MARKET
Trend may be weak for the day but overall this week is positive. Your strategy should be to “buy on dips”. First half of day shall be positive but in second half, profit booking may be observed. For next day, positive trend is expected.
On 7th, volatile / uncertain trend may be observed.
On 8th, gap down opening may be observed which will be followed by positive trend.
On 11th as well, trend shall be positive.
BUY ON DIPS (FOR THIS WEEK):
- BHARAT FORGE – MARUTI – TATA MOTORS – ASHOK LEYLAND – SBI – ICICI BANK – RANBAXY – AUROBINDO PHARMA – SUN PHARMA – ASIAN PAINTS – JUBILANT FOOD
TRADING RANGE & STRATEGY :: ONLY FOR MEMBERS
Bullion made a top last day.
The trend shall be weak till 11.00 HRS IST today.
From there, slight recovery is indicated.
After US opening, a fall may be observed.
Next day is bearish.
Gold can drop to 1,190 next day while Silver can drop to 16.00 or below.
Crude Oil shall be supportive till next day.
Cover your long position by next day.
Bearish cycle shall start next week.
USD/INR that you bought last day, can be booked at
current level. If 63.20 is again seen, buy back USD/INR.
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