PRECIOUS METALS
Last day, Gold made a low of 1085.70 while Silver made a low of 14.60. With stop loss of 1085, 14.50, hold long position in Gold and Silver.
Today is a positive day. In US session, more of positive trend is expected. This positivity shall continue for next day. By next day, Gold can go up to 1120+ & Silver can go up to 15.40+.
It is possible that Monday could also be an upward day for bullion but we aren’t very sure about tt.
From 28th July 2015, vertical fall may be seen, which may continue till 30th / 31st July 2015.
Again from 4th August (+/- 1 day), bullion shall enter a positional bullish phase.
For now, it is advisable to cover 80% of your long position on Friday and hold only 20% for Monday.
GLOBAL STOCK INDICES
US Stock market shall be positive with volatility till 27th July 2015. And then onwards, Uranus shall retrograde in Pisces zodiac. From that point, a big correction may be observed in stock market.
Stock market shall be uncertain for today but positive for next day.
Hold / build long position in S&P500 with S/L 2098 for TGT 2120-2125.
INDIAN STOCK MARKET
Indian market shall be uncertain for the day.
At higher level, selling is expected.
Next day, market can trade positive.
Before Expiry, Nifty can drop below 8400 & Bank Nifty can drop below 18500.
You can build 50% PU T OPTIONS IN NIFTY FUT JULY CONTRACT for target of 8500 & 50% BANK NIFTY FUT JULY CONTRACT for target of 18800. By expiry, these options can give you a lottery! If my view is wrong, your loss shall be minimal but if it goes right, you’ll gain a great sum.
TRADING RANGE:
- NIFTY FUT:8660-8510
- BANK NIFTY:19150-18700
BUY ON DIPS:
- ZEE
- SKS MICRO
- COAL INDIA
- LIC
- BPCL
- HPCL
VAKRANGI
(We had made long position in this stock @ 145, you are advised to book 50% profit around 185-190. It is currently trading at 165.
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