S&P TO CROSS 1465 VERY SOON

30th November 2012

Global Stock Indices:

Today, global stock indices are volatile to positive. But some profit booking is possible at closing hours.

Also some profit booking possible at US market in closing hours.

We are positive for Monday.

Trading Range (30th November 2012):

  • DOW JONES (FUT):13,060-12,940
  • S&P 500 (FUT) :1,422-1,406
  • NASDAQ (FUT):2,692-2,668
  • FTSE (FUT): 5,830-5,910
  • CAC40(FUT):3,548-3,575
  • DAX (FUT): 7,370-7,460
  • HANG SENG IDX (FUT):22,150-21,920
  • NIFTY (SPOT):5,800-5,860

Precious & Industrial Metals:

Today, Gold & Silver are volatile but positive. Some profit booking is possible at late US hours.

Time Frame –                                     Effect

-29th to 30th November2012:        Volatile to bullish

-3rd to 5th December 2012:            Slightly bearish but market will recover from 5th eve. So please buy on DIPS.

-6th to 10th December 2012:          Volatile to bullish

-11th to 14th December 2012:       Highly bullish

-17th December 2012:                     Sharp correction is possible. Buy at lower level.

-18th -20th December 2012:           Good bullishness is expected.

-21st – 24th December 2012:         In this time, a sharp fall is possible.

-26th December 2012- 2nd January 2013:                  Big bull trend with volatility will be seen

Positional traders can buy GOLD & SILVER in the fall between 21st-24th December 2012 and hold position till February 2013. By 8th Feb 2013, we expect GOLD & SILVER to make new ALL TIME HIGH. Gold can cross 1980-2000 while Silver can cross 48. And can cross 52$+ as well.

 

Trading Range (30th November 2012):

  • GOLD: 1,718-1,738
  • SILVER: 33.90-34.60-34.70
  • COPPER: 358.00-362.00

Base metals (Zinc, Aluminum) are volatile to positive.

Energy Products:

Volatile trend is expected in Crude Oil.

Trading Range (30th November 2012):

  • Crude Oil: 87.00-89.00 (TODAY OR NEXT WEEK, CRUDE CAN GO UP TO 91.00-92.00)
  • Natural Gas: 3.62-3.75

Currencies:

Trading Range (30th November 2012):

  • EUR/USD: 1.3010-1.2920 AND BELOW
  • USD/INR (SPOT): 54.95-54.40-54.20

Indian Commodity Market/ MCX:

Today, due to usd /inr impact, heavy volatility is expected in Bullion, so please take care.

Gold(DEC) if goes above 31,500 then can go up to 31,750-31,850.

Gold(DEC) if goes below 31,500 can go down to 31,420.

If you have any long position in Gold, then please hold with stop loss 31,400.

Trading Range:

-Silver(Dec): 62,400-63,800

-Copper(Dec): 438.00-444.00 (Copper in positive trend for today and next week. So please buy on DIPS!).

-Zinc(Dec): 109.90-112.00

Also ZINC is in positive trend so please buy on dips.

-Aluminum(Dec): 110.80-112.00 (You can buy Aluminum on dips)

-Crude Oil: With stop loss 4,778 you can buy Oil for target 4,850-4,870-4,920.

-Natural Gas: Buy Natural Gas with stop loss 198.00 for target 206.00-211.00.

Indian Stock Market:

Today, Indian stock market is volatile to positive. However,  some profit booking is indicated at closing hours. Indian stock market will continue positivity till 14th December 2012.

Nifty future can cross 6,000 in said time frame.

Similarly, Bank Nifty can cross 12,200-12,500.

BUY: CENTURY TEXTILE, HDIL, LIC, KOTAK BANK, HDFC, YES BANK , L&T, JP ASSOC, TATA MOTORS.

DID YOU ENJOY YOUR BUYING CALL LAST DAY? ESPECIALLY KARNATAK BANK… (IT WENT UP TO 170.. WE HOPE YOU MADE MONEY IN KTK & OTHER STOCKS AS WELL).

Trading Range:-

  • Nifty Fut:5,820-5,920
  • Bank Nifty Fut: 11,900-12,200 +

(Updated at : 30/11/2012 8:11:17 AM (IST))

Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.

HAPPY TRADING

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