Global Stock Indices:
Yesterday, we wrote in the daily letter that global stock indices shall have positive opening for 30th Jan’2013. And as a fact, stock market is positive today.
Profit booking shall be observed at higher level, so its recommended to book your long positions at higher levels.
Market is positive for tomorrow as well. And hence you can buy on dips or wait for closing to make long position.
Hold S&P 500 for 1,520-1,550 in coming days. 50% Profit book in S&P 500 around 1505 and buy back around 1,495-1,500.
Today, it’s the FOMC meeting and astrology is positive about it.
Good news is expected from FOMC. And this shall be supportive for stock as well as bullion market.
Trading Range (30th January 2013)
- ONLY FOR MEMBERS
Precious & Industrial Metals:
Today, bullion is volatile to positive till evening. And then a correction may come in US hours. However, recovery is expected around FOMC meet.
Tomorrow, opening shall be positive.
Trading Range (30th January 2013): ONLY FOR MEMBERS
Copper and base metals are volatile to positive for the day.
Energy Products:
We had said that Crude Oil was positive for last day. We recommend you to book 50% profit @97.50 -98.00 and hold rest position with stop loss 96.00 for target 99.00-100.00+.
Trading Range (30th January 2013): ONLY FOR MEMBERS
Currencies:
Trading Range (30th January 2013):
- EUR/USD:1.3430-1.3490-1.3520
- USD/INR (SPOT):53.85-53.40
Indian Stock Market:
Yesterday we said that RBI would take measure which will be positive for the market.
And heavy volatility could be seen. Also, we recommended to book profit at higher level and again buy on dips for today.
You can profit book in your position at higher levels today and again buy back on dips.
Trading Range (30th January 2013):
- Nifty (Fut) :6,095-6,040
- Bank Nifty (Fut): 12,940-12,750
| RECOMMENDATION | STOCK | STOP LOSS | TARGET |
| BUY | UNITED PHOS | 135.00 | 145.00 |
| BUY | ONGC | 330.00 | 338.00-341.00 |
| BUY | UNITED SPIRIT | 1788 | 1840-1855 |
| BUY | PUNJ LLOYD | 50.00 | 54.00-56.00 |
| BUY | DLF | 260.00 | 271.00-274.00 |
BUY: RIL, YES BANK, UNION BANK, BHEL.
(Updated at : 30/01/2013 7:55:11 AM (IST))
Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.
HAPPY TRADING!!!!
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