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29th February 2016: Part of weekly newsletter

GLOBAL EQUITY INDICES

The month of March 2016 is highly bearish for equity market (with volatility). This bearishness shall end on 25th March 2016 and a positive trend for short term may be observed.

Last week, S&P500 FUT made a low of 1888. Around 1890, you were advised to long and it made a high of 1965. It closed at 1942.

Trend for this week:

Monday shall be negative. S&p500 can drop to 1920-1900. From Tuesday, it shall trade in upward mode. It shall remain upward till Wednesday. Due to Scorpio Moon on Tuesday-Wednesday, trend may prove to be uncertain.

On Thursday and Friday, negative trend is anticipated.

If trend between Tuesday and Wednesday proves to be positive, it’ll retest last week’s high.

Thursday and Friday shall be negative for market. Friday shall be more bearish. S&P500 can drop below 1900.

Next week shall be more bearish. It may retest 1800.

European market shall be negative on Monday and recover on Tuesday-Wednesday. It shall again turn negative on Thursday-Friday.

Asian market shall be negative on Monday and Tuesday. Wednesday onwards, recovery is anticipated. Thursday-Friday shall again be bearish.

Next week shall be highly bearish for European and Asian market.

Highlights of last week

Precious Metal High Low Close
Gold 1255 1216 1223
Silver 15.55 14.72 14.72

 

Trend shall be negative for Gold on Monday – it may drop to the level of 1200. On Tuesday, recovery shall be seen from lower level. On Wednesday, a top shall be made – which may drive it above 1250. On Thursday, correction shall be observed. On Friday before non-farm payroll announcement, market shall be negative. At the lower level, it may drop to 1190 (+/- $10).

After non-farm payroll announcement, it shall recover and in next week, it may cross 1260.

Silver may drop to 14.50-14.40 in this week and then recover back to 15.50. In next week, it may cross 15.65.

Trading Strategy:

Cover short position in Bullion on Monday. Make long position on Tuesday and hold till Wednesday. On WEDNESDAY, you can book profit and make short position at higher level. You should recover this short position before non-farm announcement on Friday and enter into long position for next week.

INDIAN STOCK MARKET

Indian market shall be highly uncertain and painful for this week. It is advisable to maintain “sell on rise“ strategy. On Monday, market shall be negative owing to the budget.  This trend shall continue for Tuesday. On Wednesday, recovery is indicated. On Thursday-Friday, correction is seen. Next week shall be highly bearish.

In this week, NIFTY may break 6900 while Bank Nifty may break 13500.

Trend is highly bearish till 25th March – Nifty Fut can break 6500 and Bank Nifty can break 12000.

TRADING RANGE:

NIFTY FUT: 7100-6980

BANK NIFTY: 14060-13450

Stocks supportive on Monday (budget session) / BUY ON DIPS:

–          LIC HOUSING

–          HDFC

–          BEML

–          BEL

–          ASTRA MICRO

–          JAIN IRRIGATION

–          UNITED SPIRIT

SELL:

–          TATA STEEL

–          MARUTI

–          TATA MOTORS

–          ITC

–          YES BANK

24th February 2016: View on Equities, Commodities, Bonds

Global Equity Indices

Today, Moon-Rahu-Jupiter conjunction at same degree is being formed – this is critical for stock market and oil while it is supportive for Gold.

Today, US market may witness a sharp correction – S&P 500 FUT can drop to 1880 (+/- 10 Points) – an optimum level to cover short position and enter into long position.  US market is expected to close at lower levels.

Tomorrow, Asian market may experience bearish opening. Next day post UK opening, recovery is indicated in stock market.

ABX closed at 13.50 – you may book 50% profit in ABX today and hold rest 50%. In March, it has potentials to move up to 20.

BULLION

Bullion shall be supportive for the day. Next day, it may trade in a zigzag pattern which may mean a bit of correction.  You are advised to cover your long position today.

TRADING RANGE:

  • GOLD: 1215-1238
  • SILVER: 15.10-15.45

INDUSTRIAL METALS

Copper shall be negative for the day.

TRADING RANGE:

– COPPER: 2.11-2.06

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall experience correction today. It may drop to 30.50-29.80

NG

Hold long position in NG.  By Friday, a big upward move is anticipated.

INDIAN STOCK MARKET

Indian market shall be uncertain for the day – overall trend shall be weak.

By next day, Nifty may drop below 7000 while Bank Nifty may drop below 13800.

Hold short position till next day.

TRADING RANGE:

NIFTY FUT: 7180-7050

BANK NIFTY: 14180-13800

SELL ON RISE:

  • SBI
  • BOI
  • PNB

BUY:

  • MAN INDUSTRIES
  • BEL
  • BEML
  • ASIAN PAINTS

US TREASURY BONDS

Bonds shall make top today and hence you must book profit at higher level, today itself.  Next day’s US opening onwards and till 29th Feb, slight weakness is indicated.

TRADING RANGE:

  • US 10 YEAR: 1.76-1.69
  • US 30 YEAR: 2.62-2.54

16th February 2016: Part of today’s Newsletter

Global Equity Indices

From UK opening, a downside correction is indicated in equities.

Next day onwards, US market along with other markets shall turn positive.

S&P 500 FUT may move up to 1895-1900 and then experience a correction down to 1870.

Around 1895-1900, you can book profit in S&P 500 FUT. Around 1860-1870, you can buy back the long position and hold the position for tomorrow.

Positional traders can long gold mining stocks for long term.

TRADING RANGE:: ONLY FOR MEMBERS

Precious Metals

Bullion shall experience correction today or tomorrow. It’ll make a low and then bounce back.

Around 1190 (+/- 10) & 15.00 (+/- 0.10), you can long 50% Gold & Silver.

By next Monday, we are expecting Gold to cross 1260 and may even achieve 1270-1275 while Silver may cross 16.

MCX traders can long GOLD @28350-28450 & SILVER @ 36800.

 

NG

NG is ready to bounce back anytime soon.

EURO

Around 1.1140-1.1150, long EUR/USD for target 1.1300 in next week.

USD/INR

USD/INR made a high of 68.56 last week and closed at 68.20. In this week, it can experience profit booking – can drop to 67.80. And recovery is anticipated from 17th, it’ll bounce back to 68.50 by Friday.

In coming months, we are seeing USD/INR above 70.

DOLLAR INDEX

Dollar index shall be supportive with volatility till Wednesday. Thursday onwards, dollar index shall undergo correction (till next Tuesday).

US TREASURY BONDS

Bonds shall be downward with volatility. Next day onwards, it shall move upward and remain positive till next week.

INDIAN STOCK MARKET

Indian market shall be positive till 11.00 AM IST and then shall undergo a correction. With s/l of 7250, you can make intraday short position in Nifty Fut. But remember to make long position in Nifty fut at closing as next day, trend is supportive for the market.

 

 

11th February 2016: Equities, Commodities, Currencies And Bonds

Global Equity Indices

As per our expectations, markets bounced back and then declined. S&P500 FUT went down from 1877 and made a low of 1832 and currently trading around 1836. Positional traders shall hold position for target 1780 while intraday traders could book 50% profit in short position and add short position around 1850.

Stock market shall be in bearish mode till 21st / 22nd February 2016. In this time frame, a sharp fall is indicated.

Next day as well, market may behave in an uncertain way.

 PRECIOUS METALS

Around 1184 and 15.10, we made you long Gold and Silver. Bullion shall be bullish till 22nd February 2016. In this week, GOLD may cross 1220 while SILVER may cross 15.65.

Gold made a high of 1214 this very morning.

Around 1220-1222, you can book 50% profit in long position of Gold and Around 15.65-15.70, you can book 50% profit in long position of Silver.

INDUSTRIAL METALS

Copper has major support at 1.98. It can move up to 2.05.

With stop loss of 1.98, make / hold long position in Copper.

CRUDE OIL

Crude oil shall continue to be in bearish mode. Stay away from long position in Oil as it may dip down to 25 anytime soon. You can rather short crude oil at higher levels.

NG

NG shall trade in volatile to positive mode.

Around 2.12, you can book 50% profit in NG.

EURO

EUR/USD made a high of 1.1320 – you are advised to book 50% profit at 1.1290 and rest 50% at 1.1350.

 

USD/INR

Short USD/INR with stop loss 68.35 for target 67.60 and below.

DOLLAR INDEX

Dollar index may drop to 94.50 in coming days.

US TREASURY BONDS

Hold bonds for target 1.60 and 2.40 (US 10 YR TREASURY & US 30 YEAR TREASURY).

Bonds shall be trading upward till 22nd February 2016.

INDIAN STOCK MARKET

Indian market shall be uncertain for the day. Closing may be bearish. Below 7200, Nify Fut may drop to 7080. Bank Nifty below 14700 can drop to 14500 or below.

Market shall be highly volatile and continue in weakness for this week. Next day is again weak for the equities.

TRADING RANGE:

  • NIFTY FUT: 7280-7150
  • BANK NIFTY: 14800-14500

 

SELL ON RISE:

  • SBI
  • TATA MOTORS
  • MARUTI
  • BANK OF BARODA
  • UCO BANK

UNION BANK

The Road Ahead for Equities, Commodities, Currencies and Bonds

Global Equity Indices

Market couldn’t move up as our expectation in the last trading session. Yet with astrological indications, we are really hopeful of a feasible recovery for equity market. If market moves up / closes positive, this positive trend may last till next day’s opening.

Today, it is also Janet Yellen’s testify which may give out a positive result for the stock market.

In case it turns out to be negative, market will continue to be negative for some more time.

USE S/L of 1824 in S&P 500 FUT.

If it sustains above 1858-1860, it’ll bounce back to 1880+.

Use S/L of 8700 for long position in DAX.

PRECIOUS METALS

Bullion shall continue in bullish trend with volatility till 15th March 2016.

Maintain “buy on dips” strategy for precious metals.

Today as well, positive trend is indicated.

If it sustains above 1205 then it has chances to move up to 1222-1242.

Around 15.05-15.10, you can accumulate long position in Silver.

MCX traders shall note that 28600 is a major resistance level – if crossed, Gold could then move up to 29300. If Silver crosses 37700, it’ll move up to 39000.

Copper has major support at 1.98. With S/L below 1.98, long Copper. In a day or two, it’ll bounce back to 2.07-2.10.

CRUDE OIL

Crude oil shall also move up for today. The last eve’s low of 27.80 should be used as stop loss for making long position. Or On closing basis, you can use SL of 28.

It may bounce back to 32+.

NG

NG shall trade in mixed trend but overall positive.

EURO

Short EUR/USD with stop loss above 1.1350 for target 1.1150-1.1080.

USD/INR

Short USD/INR with stop loss 68.35 for target 67.60 and below.

DOLLAR INDEX

Buy Dollar index with s/l 95. In 1 – 2 days, it’ll move back to 97.

US TREASURY BONDS

Hold US 10 YEAR Treasury with S/L 1.65 and US 30 YEAR Treasury with S/L 2.45.

INDIAN STOCK MARKET

Indian market shall have gap down opening. Use S/L of 7200 in Nifty Fut and 14,700 in Bank Nifty. If these levels are breached, it’ll be a panic. However, if the market closes positive today, next day shall be again positive.

BUY ON DIPS:

–          ENGINEERING INDIA LIMITED

–          BHARAT FORGE

–          SCI

–          RAMCO

–          DEEPAK FERTILIZER

SELL:

-CENTRAL BANK OF INDIA

-BHARTI INFRA

-UCO BANK

Scorpio Moon Effect To Continue Till Thursday

The effect of Scorpio Moon shall continue for the day. It shall last till Thursday’s 17.00 HRS IST.

Global Equity Indices

Last evening saw a sharp fall in various markets. Uncertainty may continue for today.

1880 is a major support of S&P 500. If this support is breached, it may drop to 1861.

As per astrology, we don’t see S&P500 sustaining below 1880.

Tomorrow onwards, markets are expected to bounce back.

On Friday, highly bullish trend is indicated.

The trend of previous Friday may again get repeated on this Friday.

Weekly closing for S&P500 FUT shall be above 1920.

Asian market shall be weak for the day and hence you are advised to avoid trading for the day.

From second half of next day, Asian market shall have a bounce back.

Today, UK market shall also behave weak.

Tomorrow, UK market may close positive.

 PRECIOUS METALS

It is anticipated to be a bullish day for bullion. This trend may flourish till next day.

INDUSTRIAL METALS

Copper shall be supportive for the day.

CRUDE OIL

Hold Crude Oil with stop loss of $29/bbl.  Weekly closing is estimated to be above $34/bbl.

It shall also bounce back from next day.

NG

NG shall be positive till next day.

On the higher side, it can re-test 2.30.

EURO

Short EUR/USD 50% @ current price (1.0930) & 50% @ 1.0960. By Friday, we are expecting it to drop to 1.0820.

USD/INR

USD/INR may move up to 68.20. Short USD/INR with stop loss of 68.33.  By Friday, it may drop to 67.70-67.60.

DOLLAR INDEX

Dollar index shall be negative for the day. Next day onwards, it shall move up and remain on the positive side till weekend.

US TREASURY BONDS

Bonds may remain slightly upward for the day but from next day, it shall decline and by Friday, it would be trading at lower levels.

INDIAN STOCK MARKET

Indian market shall have gap down opening and bearish closing.

Nifty can drop to 7350 while Bank Nifty can drop to 14800.  Avoid making any long position for the day.

 

Market shall take a bounce back from second half of next trading session and remain bullish till Friday.  Hence, you must enter into long position next day.

TRADING RANGE:

  • NIFTY FUT: 7480-7350
  • BANK NIFTY: 15300-14800

SELL:

  • AXIS BANK S/L 401 TGT 380
  • APOLLO TYRES S/L 145 TGT 135 AND BELOW

BUY:

  • DLF S/L 90 TGT 105+
  • BPCL S/L 842 TGT 870+

Live Trading Signals for US Stocks

Our viewers around the world had been demanding live trading signals for short term in US stocks and finally we started with it this week. We will be covering stock specific calls (for intra-day as well as medium term), inventory numbers and a lot more!

In case you are interested to know more, drop an e-mail to astrodunia@gmail.com.

Today’s newsletter :26th January 2016 Happy Republic Day

Important Note: In the last week, we had mentioned on our website that on 25th and 26th January, a sharp decline is anticipated in stock market and crude oil – the prediction turns out to be correct.

Daily Newsletter (26th January 2016)

HAPPY REPUBLIC DAY!

Today, Mercury shall turn direct at 18.00 HRS IST. This will reduce the overall volatility in market.

Global Equity Indices

Market shall trade upward till 29th January 2016.

The low of 1865 has been made by S&P 500 FUT. You are advised to cover complete short position and make 50% long position. You can add the rest 50% if S&p500 retests 1840-1850.

After US opening, market shall move up.

By weekend, S&P500 can touch 1920+.

Asian market shall be positive tomorrow.

Positional traders in US market can long following stocks:

  • APPLE
  • MICROSOFT
  • GE
  • HOME DEPO
  • PFIZER
  • P&G
  • JP MORGAN

TODAY’S TRADING RANGE: *March Contract for FUT

  • DOW (FUT):16700-16900
  • S&P 500 (FUT):1860-1890
  • NASDAQ (FUT):4160-4220
  • FTSE (FUT):5740-5820
  • CAC(FUT): 4230-4290
  • DAX(FUT): 9590-9800
  • AEX(FUT):410-420
  • HENG SENG(FUT):18800-19100

PRECIOUS METALS

Gold made a high of 1111. Hold short position in Gold – we are not expecting it to cross 1120. Avoid S/L until any specific notification in this context.

Short Silver @ 14.25-14.30 for target 13.90.

It may drop to 1081 or below by tomorrow.

Gold shall remain negative for tomorrow.

If 1080-1081 is seen, you should cover short position and make 50% long position.

Long 50% Silver @ 13.80-13.90.

TRADING RANGE:

  • GOLD: 1112-1095
  • SILVER: 14.30-14.00

INDUSTRIAL METALS

Hold long position in Copper – it is expected to cross 2.10 in coming days.

CRUDE OIL

You are advised to add the rest 50% long in oil @ 28.80-29.20.

In coming days, it will cross 34 and may even achieve 38.

We are expecting a highly bullish trend till 15th February 2016.

NG

NG shall continue in bullish pattern. It may move up to 2.25 anytime soon.

TRADING RANGE

  • CRUDE(MARCH):28.80-31.50
  • NG : 2.08-2.18

EURO

Book 50% profit in EUR/USD @ 1.0850. And hold rest 50% for target 1.0950.  And buy back position in EUR/USD if it retests 1.0820.

USD/INR

HOLIDAY

DOLLAR INDEX

Dollar index shall be negative till Friday. And it can drop to 98.

US TREASURY BONDS

Book 50% profit in US 10 YEAR @2.00 and US 30 YEAR @ 2.79.

Hold rest 50% for target 1.90 *US 10 YEAR & 2.70 * US 30 YEAR TREASURY BONDS.

Bonds shall continue to be positive till the weekend.

TRADING RANGE:

  • US 10 YEAR: 2.02-1.95
  • US 30 YEAR: 2.84-2.74

Market bounces back as mentioned

Global Equity Indices

As mentioned in last day’s letter, market bounced back from 1805. Today, the earlier part of US session shall be positive and then decline. Next day as well, weakness may continue in equities. This weakness shall continue till Monday.

Today, retrograded Mercury is rising in east. This shall reduce the chances of heavy declines.

Market shall be in bullish pattern till 15th / 20th February 2016.

Today, S&P500 can bounce back to 1880-1905. In the fall ahead, it could retest 1840-1820 and bounce back.

After US mid-session, you can build short position around 1880-1905 with stop loss 1920-1925 for next week.

Today, Asian market shall behave positive. Next day, Asian market may have slightly weak opening.

PRECIOUS METALS

Gold and silver are again supportive for the day. Gold achieved our target of 1110 in the last trading session.

Next day, it may encounter a minor correction in value.

Copper shall again be positive for the day.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil made a low of 27.65 last day. Today, positive trend is anticipated but next day, it may again decline.

On the higher side, it could move up to 29.50-30.00 today but next day, it’ll again drop.

NG

NG shall be positive for the day.

EURO

You are advised to book profit in short position of EUR/USD around 1.0870 and accumulate 50% long position around 1.0870. After 1-2 hour of US opening, EUR/USD shall start moving up and remain positive for the next day.

USD/INR

With stop loss of 68.20, short USD/INR for target 67.50. Technically if it sustains above 68.20, it may move up to 68.50.

DOLLAR INDEX

Dollar index shall be negative till US opening. It can drop down to 98.80 and then shall again be positive. It shall remain positive for next day.

US TREASURY BONDS

Bonds shall be trading downward till US opening. US 10 YEAR treasury can drop to 2.04-2.05 while US 30 YEAR treasury can drop to 2.85-2.90.

After early US session, it’ll move up and remain positive for next day. Around early US session, you can long bonds.

INDIAN STOCK MARKET

Gap up opening is expected for today (as mentioned in last day’s letter). After 12.30 HRS IST, market may turn uncertain.

Next day, market may be slightly negative.

 

TRADING RANGE:

  • NIFTY FUT: 7280-7400
  • BANK NIFTY: 14800-15300

INTRADAY BUY:

  • RELIANCE INFRA
  • KOTAK BANK
  • YES BANK
  • SUN PHARMA
  • SBI
  • CENTURY TEXTILE

When Will Market Bottom Out?

Global Equity Indices

Last day, it was notified that due to Moon-Saturn conjunction (today), a sudden fall would be observed (especially with Asia’s opening).

Around 09.30 AM (IST), markets are expected to bounce back from lows. However, uncertainty may last till US opening. From there, market will gradually move up. US market shall be bullish for the day.

This will turn next day’s opening to the positive side for Asia. This upward move may last till next day’s US opening. From there, market can again decline. Friday seems to be another negative day.

With S/L of 1840, long S&P 500 March Fut for target 1920-1950.

Last day, at Asian time S&P500 made a high of 1907 and then declined to 1857.

The lows being made today in stock market shall not be breached till 29th January. It may make a top in the said time frame. However this Friday is a negative day.

PRECIOUS METALS

Bullion shall be positive for the day with some volatility. Last day, Gold made a high of 1094 while Silver made a high of 14.16.

Today, Gold can try to cross 1100 while Silver can cry to cross 14.20.

INDUSTRIAL METAL: COPPER

Copper shall be positive for today and tomorrow. Long Copper with stop loss of 1.95.

CRUDE OIL

Crude Oil made a high of 31.50 in last week. With S/L of 28.60, long crude oil march contract for target of 31.50-32.10 by tomorrow.

If 32.20 is crossed then it’ll enter bullish pattern.

NG

NG shall trade in mixed to positive trend. It made a high of 2.15 in the previous trading session. Long NG with stop loss of 2 for target of 2.15-2.25.

EURO

EUR/USD can drop to 1.0800 by next day.

Around 1.0920-1.0930, short 50% EUR/USD for target 1.0860 and below.

USD/INR

Sell USD/INR with stop loss of 68.10 for target 67.80-67.50.

DOLLAR INDEX

Dollar index shall be weak / negative for today and tomorrow.

US TREASURY BONDS

Negative trend is forecasted for bonds in the next 2 days.Hold short position for tomorrow.

INDIAN STOCK MARKET

Indian market shall be highly volatile for the day. Gap down opening may be observed followed by recovery. Uncertainty may be seen.

In the previous trading session, NIFTY FUT made a high of 7475 and BANK NIFTY had a high of 15375.

Today, you can long NIFTY FUT with stop loss 7340 for target 7420-7480 and BANK NIFTY with stop loss 14800 for target 15300+.

TRADING RANGE:

  • NIFTY FUT: 7350-7450
  • BANK NIFTY: 14900-15350

BUY ON DIPS:

  • RELIANCE INDUSTRIES
  • YES BANK
  • CENTURY TEXTILE
  • RELIANCE INFRA

 

Future of S&P500 and precious metals

Global Equity Indices

Last night, US market experienced a sudden fall on concern of China and oil. Today, uncertainty may continue.

Mercury and Sun shall be changing houses today – which shall be supportive for the stock market.

Strict S/L is advised to be used with any long position.

In the weekly letter, it was mentioned that if S&P500 FUT breaks 1880, it may drop to lows of August 2015. S&P 500 made a low of 1874 while DOW made a low of 16000. With S/L of 1860, add long position in S&p500 FUT for target 1940-1960. Major hurdle for S&p500 FUT is 1965.

It is felt that low has been made and market will move back to upper levels soon.

Precious Metals

Last day, Gold made a low of 1079 while Silver made a low of 13.75.

Gold made a high of 1093 in the previous trading session while Silver made a high of 14.16.

It was advised to book 50% PROFIT at higher level and hold rest with stop loss 1077 (GOLD) & 13.60 (SILVER) for target 1120+ (GOLD) and 14.50+ (SILVER).

If 1080-1084 is retested, you can add long position in GOLD with S/L 1077.

Industrial Metals/ Copper

Hold long in Copper with stop loss of 1.94. for target of 1.98-2.02

CRUDE OIL

Hold long in Crude Oil with stop loss of 29.40. Anytime by 19th, it’ll retest 34.

NG

NG shall continue in weakness. Cover 50% short position around 2.25-2.26 and hold rest 50% for target 2.21.

EURO

Sell EUR/USD on rise.

USD/INR

Sell USD/INR on rise.

DOLLAR INDEX

Sell dollar index on rise.

US TREASURY BONDS

With stop loss of 2.00, hold position in US 10 YR treasury bonds and 2.80, hold position in US 30 YR treasury bonds.

INDIAN STOCK MARKET

Indian market shall be volatile for the day. Last we had let you know before opening about possible breach in levels followed by recovery in second half – the predictions came out to be true.

Market shall be uncertain for the day. Use S/L of 7400 and long Nifty Fut. Use S/L of 15400 and long BANK NIFTY.

TRADING RANGE:

  • NIFTY FUT: 7420-7580
  • BANK NIFTY: 15480-15800

You can buy following stocks in DELIVERY:

  • CENTURY TEXTILE
  • ARVIND MILLS
  • AUROBINDO PHARMA

 

SELL:

  • AB NUVO S/L 2200 TGT 2120
  • TATA STEEL S/L 250 TGT 235

[ANNUAL LETTER 2016 is out. Call +91-9669919000 or e-mail: astrodunia@gmail.com for details]

Market View for 13th January 2016

Global Equity Indices

Global equities shall trade upward today onwards with volatility. S&P500 shall be back to 2000-2020 by weekend. You are advised to long INTEL, APPLE, HOME DEPOT, MICROSOFT (hold existing long), AMAZON, COCA COLA and United Health.

It is advisable to book partial profit in S&P 500 at 1938-40. And at 1930, you could add long position.

Next day as well, positivity is expected.

Precious Metals

Gold and Silver are expected to trade upward for today and tomorrow. S/L for long position in GOLD: 1077 and SILVER: 13.60.

MCX traders shall use S/L of 25500 for GOLD and 33100 for SILVER.

Industrial Metals

Long Copper with stop loss of 1.94. It shall move up from today.

CRUDE OIL

Hold long position in Crude Oil with stop loss 29.40. It is expected to move up from today. If it crosses 32.20, add more long position for target 34-36.

NG

NG shall trade in mixed trend but is in an overall weak trend.

EURO

EUR/USD shall move up from today. Buy EUR/USD at lower level.

USD/INR

Sell USD/INR on rise.

DOLLAR INDEX

Dollar Index shall trade downward till the end of week.

US TREASURY BONDS

Bonds shall move downward till Friday. US 10 Year can drop to 2.26-2.28 while US 30 Year can drop to 3.01.

INDIAN STOCK MARKET

Indian market shall be positive for the day with some volatility. Market may experience gap up opening followed by profit booking and then upward move from 11.00 HRS IST. In the last 1 hour of trading as well, market shall be positive.

Next day as well, bullish trend is indicated.

Nifty may move up to 7700-7800 by the weekend.

TRADING RANGE:

  • NIFTY FUT: 7540-7620
  • BANK NIFTY: 15600-16100

You can book 50% profit in BTST calls of last trading session today at opening.

BUY ON DIPS:

  • RELIANCE INDUSTRIES
  • MARUTI
  • RELIANCE INFRA
  • CENTURY TEXTILE
  • JSW ENERGY
  • SBI
  • YES BANK

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