Predictions for Indian stock market and bullion

PRECIOUS METALS:

Today, precious metals shall be highly volatile till 16.00 HRS IST. Then on wards, recovery shall be seen. This trend shall continue till closing.

BUY GOLD @ LOWER LEVEL WITH S/L 1,248 FOR TGT 1,292+

BUY SILVER @ LOWER LEVEL WITH S/L 20.40 FOR TGT 21.50.

View on Indian Stock Market

Today, Indian stock market shall have gap down opening. After opening, recovery is indicated. Again declining trend shall be seen from 12.00 HRS to 13.30 HRS (IST).

After 13.30 HRS (IST), recovery is indicated.

Tomorrow, Indian stock market shall have positive opening and hence you could hold long positions in Indian market for the next day.

Today’s Trading Range:

• NIFTY (FUT): 6,000-6,120
• BANK NIFTY: 10,500-10,900

BUY ON DIPS :

• YES BANK
• ITC
• INFOSYS
• HCL TECH
• TCS
• RANBAXY
• CANARA BANK
• CAIRN INDIA

  SELL ON RISE:

• JSPL
• DLF
• SBI