Today, it is the full moon as well as the lunar eclipse (which will start from 17.18 HRS IST and end at 20.41 HRS IST). This is a supermoon which is happening after several years. Moon will be visible in blue & red shades. The last time this happened was in 1982. Again it will happen on 31st January 2037.
Global Equity Indices
In the previous session, the stock market went through a sharp correction. DOW made a low of 26050 while S&P500 made a low of 2818 and closed at 2822. Nasdaq made a low of 6915. A correction of almost 3 percent has been visible by now; which we predicted. Today as well, market shall be highly volatile. From the next trading session, market shall move up. Post FOMC, the trend seems upward. It is advised to long S&P500 on dips. We will be sending the instructions in US hours.
In European market as well, it is advised to book 50% profit. In AEX and Hang Seng, you may book 50% profit at the current market price. You should shift to long position for tomorrow.
At the lower level in US market, buy the following stocks:
Gold made a high of 1346 while Silver made a high of 17.25 in the previous session.
Indian Stock Market
Today, market shall have a gap down opening. The market may recover slightly from lower levels. From 12.30 HRS IST, it shall again be negative. Closing can be bearish.
- NIFTY FUT: 11100-10900
- BANK NIFTY FUT: 27500-27100
It is advised to cover short position in the market for once as tomorrow, it is the announcement of the budget.