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INDIAN STOCK MARKET
Indian market shall remain positive till 13th or 14th April 2016. In this time frame, Nifty Fut may move up to 7700 or higher while Bank NIFTY may move up to 16000 or higher.
Major support for NIFTY FUT lies at 7500 and BANK NIFTY lies at 15400.
A major correction shall be seen between 18th and 22nd April 2016.
- NIFTY FUT: 7550-7640
- BANK NIFTY: 15500-15800
BUY ON DIPS:
- APOLLO TYRES
- JAIN IRRIGATION
- YES BANK
- ICICI BANK
Global Equity Indices
A sharp correction was observed in equities last day. S&P500 JUN FUT made a low of 2030 while DOW FUT made a low of 17400 and NASDAQ FUT made a low of 4450.
Today, market shall be in positive / bullish mode. Overall, market shall remain positive till 14th April 2016. Next sharp correction shall be observed between 18th and 22nd April 2016.
On the higher side, S&P500 FUT can cross 2070.
S&P500 FUT shall close positive tonight.
Traders can long APPLE, EXXON MOBIL, JP MORGAN, ALPHABHET and MICROSOFT.
TRADING RANGE: ONLY FOR MEMBERS
As expected, bullion traded positive last day. Gold made a high of 1245 while Silver made a high of 15.40. Today onwards, Gold and Silver shall be in corrective mode. With volatility, this correction mode may continue till 13th or 14th April 2016. In this time frame, Gold may drop to 1215-1200 while Silver may drop below 15.00.
Your strategy shall be to sell ‘bullion’ on rise.