Global Stock Indices:
On 2nd September 2013 European and Asian market shall be bullish. US market shall have a holiday on 2nd September 2013.
On 3rd September 2013, bearish trend is expected in Asian, American and European market.
On 4th September 2013, Asian opening could be negative while closing shall be bullish. European and US market shall also close in bullish trend.
On 5th September 2013-6th September 2013, Asian, UK and US market shall be in volatile to bullish trend.
On 6th September 2013, Asian, American and European market shall be bullish.
In next week, around 9th & 10th September 2013, a heavy sharp fall is indicated.
In the current week, S&P500 has major support @1,620 and it could come up to 1,640-1,660.
However its recommended to make short position on Friday (Closing hours) for next week.
In next week, S&P500 can break 1,620.
You can make long position in HSI on Monday and again built short positions at Monday’s closing and cover short on Wednesday and then make fresh long position (and hold till Friday). At Friday’s closing, you should build up short position for next week.
PRECIOUS METALS:
Weekly View:
2nd – 5th September 2013: weak trend is expected.
From 6th September 2013:bullish trend shall be seen.
In next week, highly bullish trend shall be seen in precious metals.
In this week, Gold can drop to 1,330 while Silver can drop to 22.50-22.30. However, you should make long position on Thursday’s evening (around closing hours).
Day-wise trend:
2nd September 2013: Volatile to slightly positive trend is expected till 15.30 HRS (IST).
And then on wards and until closing, bearishness is indicated.
From 18.00 HRS (IST) to late night, highly bearish trend is expected.
3rd September 2013: Negative opening is indicated. Volatile trend shall be seen.
Negative trend shall be seen till 21.30 HRS (IST). And then onwards, recovery shall be observed.
4th September 2013: Sharp fall is indicated throughout the day (especially from 11.45- 13.30 HRS IST).
From 14.00-16.30 HRS (IST), highly bearish trend is expected. And then market shall turn volatile while closing could be highly bearish.
5th September 2013: Highly volatile day for bullion. Closing is expected to be negative. From 22.00 HRS (IST), bearish trend shall be seen.
6th September 2013: Bullion shall have a ‘U’ turn and hence turn positive. Positive opening is indicated and closing shall be positive as well. From 10.00-11.30 HRS (IST) & 13.00- 14.55 HRS (IST), highly positive trend shall be seen. A one way positive trend from 21.00 HRS (IST) shall be seen till closing.
This overall day is bullish.
On Thursday’s evening, you should cover short and make fresh long positions. In next week as well, bullion shall remain bullish.
In mid September, Gold can cross 1,500$/Oz while Silver can cross 26.00$/Oz.
CRUDE OIL
Bearish till Thursday. 105$ is major support for Crude Oil. On Friday, Crude Oil shall trade in highly bullish mood (for next week as well). And on Friday, 110$ /bbl can be crossed by Oil.
Currencies:
EUR/USD shall trade below 1.300 in this week. Till Thursday, negative trend shall be seen in EUR/USD (till 5th September 2013). Hence, your strategy must be to sell on rise. On 6th September 2013, EUR/USD shall turn positive.
USD/INR shall trade between 64-68 in this week.
View on Indian Stock Market
2nd September 2013:
-09.00 HRS IST -11.00 HRS IST: Volatile
From 11.00HRS IST to closing: Positive
Market shall close in highly bullish trend.
Indian stock market shall be bearish on 3rd September 2013.
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