Predictions for Bullion and Stock Market (11th July 2013)

Global Stock Indices & Precious Metals:

Today and tomorrow, global stock indices are volatile to bullish. All global stock market, precious metals , industrial metals & Crude Oil are expected to be volatile to bullish till tomorrow.

Bullion and base metals shall be overall bullish till 14th August 2013.

PRECIOUS METALS: The prediction given last day regarding timing of positive and negative trend in bullion turned out to be right. In late US hours, bullion declined and then after FOMC, it turned extremely positive.

TRADING RANGE

ONLY FOR MEMBERS

Trading Range of Precious Metals:

–          GOLD: 1,272-1,292+ (Till tomorrow, 1320 is possible)

–          SILVER: 19.45-20.20 (Positional target 22.00+)

View on Base Metals:

Base metals are expected to be bullish (with some volatility) till tomorrow.

Trading Range:

– COPPER: 309-320

View on Indian Stock Market:

Today, Indian stock market shall be volatile to bullish.

Trading Range:

–          NIFTY (SPOT) : 5,850-5,980

–          BANK NIFTY: 11,400-11,850

 

BUY:

–          INFOSYS

–          RELIANCE CAPITAL

–          RELIANCE INDUSTRIES

–          SBI

–          YES BANK

–          DENA BANK

–          CAIRN INDIA

 

SELL:

–          HPCL

–          BPCL

–          IOC

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