Global Stock Indices
Last eve, S&P 500 made a low of 2008. S/L of 2010 was given for buying position – it has been triggered. In case you are holding long position, you can continue holding it for some time – as tonight, S&P 500 is expected to move up.
However, till 17.00 HRS IST, S&P 500 shall try to drop. If 2008 is breached, it can drop to 2000-1990.
If you had exit from long position, you can long 50% position here and rest 50% around 17.00 HRS IST (buying instruction shall be sent to you).The other option could be to wait for evening to make a new position.
By next day, S&P 500 shall move up to 2045.
As per astrology market shall be positive from 17.00 HRS IST today.
UK may open negative today but closing is expected to be positive. HSI may be bearish for the day but next day seems positive.
After US mid-session / closing hour, it is advised to buy Gold and Silver mining stocks.
PRECIOUS METALS
Gold made a low of 1164 last day while Silver made a low of 15.65.
Gold is bearish for the day. If 1154 is breached, it can drop to 1142.
Similarly, Silver can drop to 15.40-15.20.
Maintain stop loss of 1185 in Gold and 15.90 in Silver.
Gold and silver shall be positive for next day and so you are advised to close your short position today.
INDUSTRIAL METALS
Copper has made its low last day. It shall be range bound to positive for the day.
From next day, bullish trend is expected.
TRADING RANGE:
– COPPER: 2.35-2.38
(EURO)EUR/USD:
Make short position in EUR/USD with stop loss of 1.1420. It can break 1.1200.
CRUDE OIL
Crude Oil made its low last day. Hold long position for target $51+/bbl.
If 47.50 is seen, you are advised to book 50% profit in long position.
DOLLAR INDEX
Dollar index shall move up for the day.
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