Global Stock Indices:
Due to the rumors of American attack on Syria, heavy fall was seen in US market. Today major Asian markets shall open gap down. This weakness shall continue till 31st August 2013.
Trade with extreme cautions.
S&P500 broke the major level of 1,632. If sustains below 1,632 it may drop to 1,590.
PRECIOUS METALS:
Precious metals shall trade volatile to positive. Profit booking is possible from 18.00 – 20.00 HRS (IST). And then again volatile trend shall be seen.
Trend reversal shall be seen in Bullion from tomorrow’s US hours.
View on Indian Stock Market
Today, Indian stock market shall have gap down opening. Some recovery is indicated from 10.00-13.00 HRS (IST). After 13.00 HRS (IST), uncertain trend is expected.
Uncertainty shall prevail in Indian stock market till 30thAugust 2013.
In next week, for a short term, recovery can be seen.
Today, weakness shall continue in banking related stocks.
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