Precious Metals to move up; Fall due in bullion

Global Stock Indices

Today, Moon is positioned with Ketu. Market shall be highly volatile and slightly bearish for today and next day.

Friday onwards, markets shall recover.

US market shall move up from Friday. Bullish trend is expected to start from 10^th November 2014.

PRECIOUS METALS

It shall be supportive for today and next day. We expect bullion to move up.

You are advised to exit from long position in bullion by next night as a sharp fall is due in bullion between 7^th and 11^th November 2014. There itself, when you’ll cut long position, you can make short position for next week.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil made a low of 76.30 last day.

Technically, a bounce back is expected. You can long crude with stop loss 76.00.

NATURAL GAS

NG shall trade in bullish trend.

CURRENCIES

EURO

EUR/USD shall take support for the next 48 hrs.

You are advised to book 50% profit in long position at 1.2560. If EUR/USD drops, you can buy back the long position.

INDIAN STOCK MARKET

Indian market shall trade in a highly volatile trend. Closing may be bearish.

TRADING RANGE:

–        NIFTY FUT:8,400-8,300

–        BANK NIFTY:17,250-17,000

BUY:

–        HIND PETRO

–        IOC

–        BPCL

–        SYNTEX

–        JAIN IRRIGATION