Scorpio Moon Effect To Continue Till Thursday

The effect of Scorpio Moon shall continue for the day. It shall last till Thursday’s 17.00 HRS IST.

Global Equity Indices

Last evening saw a sharp fall in various markets. Uncertainty may continue for today.

1880 is a major support of S&P 500. If this support is breached, it may drop to 1861.

As per astrology, we don’t see S&P500 sustaining below 1880.

Tomorrow onwards, markets are expected to bounce back.

On Friday, highly bullish trend is indicated.

The trend of previous Friday may again get repeated on this Friday.

Weekly closing for S&P500 FUT shall be above 1920.

Asian market shall be weak for the day and hence you are advised to avoid trading for the day.

From second half of next day, Asian market shall have a bounce back.

Today, UK market shall also behave weak.

Tomorrow, UK market may close positive.

 PRECIOUS METALS

It is anticipated to be a bullish day for bullion. This trend may flourish till next day.

INDUSTRIAL METALS

Copper shall be supportive for the day.

CRUDE OIL

Hold Crude Oil with stop loss of $29/bbl.  Weekly closing is estimated to be above $34/bbl.

It shall also bounce back from next day.

NG

NG shall be positive till next day.

On the higher side, it can re-test 2.30.

EURO

Short EUR/USD 50% @ current price (1.0930) & 50% @ 1.0960. By Friday, we are expecting it to drop to 1.0820.

USD/INR

USD/INR may move up to 68.20. Short USD/INR with stop loss of 68.33.  By Friday, it may drop to 67.70-67.60.

DOLLAR INDEX

Dollar index shall be negative for the day. Next day onwards, it shall move up and remain on the positive side till weekend.

US TREASURY BONDS

Bonds may remain slightly upward for the day but from next day, it shall decline and by Friday, it would be trading at lower levels.

INDIAN STOCK MARKET

Indian market shall have gap down opening and bearish closing.

Nifty can drop to 7350 while Bank Nifty can drop to 14800.  Avoid making any long position for the day.

 

Market shall take a bounce back from second half of next trading session and remain bullish till Friday.  Hence, you must enter into long position next day.

TRADING RANGE:

  • NIFTY FUT: 7480-7350
  • BANK NIFTY: 15300-14800

SELL:

  • AXIS BANK S/L 401 TGT 380
  • APOLLO TYRES S/L 145 TGT 135 AND BELOW

BUY:

  • DLF S/L 90 TGT 105+
  • BPCL S/L 842 TGT 870+
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