Daily Newsletter (18th June 2014)
Stock Markets Around the globe
Next morning, Jupiter shall enter in exalted sign Cancer.
Next one year shall be a bull-cycle for bullion.
Saturn is already running in exalted sign Libra.
Rahu shall enter in exalted sign Virgo on 15th July 2014.
These 3 big planets are in exalted sign. This combination shall be highly bullish for bullion.
After a long time period, this kind of planetary combination will be observed. May be, the same combination was seen a century back.
Jupiter’s transition to Cancer is very supportive for banking and financial sector.
Between tomorrow and next week (up-to 25th / 28th), a sharp correction is expected in the stock market.
On 29th, Mars shall enter in Chitra nakshatra.
Then onwards, a bull cycle will start in stock market, which would continue with volatility till November 2014.
You are advised to make long position in financial and banking stocks on 29th June 2014.
Today, S&P500 (SEPT FUT) may go up to 1,935-1,945.
You are advised to make short position in S&P500 there.
In next week, S&P500 could drop to 1,905-1,890.
Next day, stock market shall be bearish. Today, some supportive trend may be observed.
On Friday, range bound trend is expected.
From Monday, sharp correction is expected, which would continue till 25th/28th June 2014.
Today, owing to FOMC announcement, volatility shall prevail in the price of Gold and Silver. Around FOMC, bullion could drop and then recover. Maintain “buy on dips” for bullion.
Bullion shall be overall positive till 23rd /24th June 2014.
Gold had a U turn last day from 1,254 and went up to 1,270 while Silver had a U turn from 19.48 and went up to 19.72.
1,250 & 19.40 won’t be breached by Gold and Silver respectively.
Gold is expected to go up to 1,290-1,300 while Silver is expected to go up to 20.30-20.70. This shall happen in the mentioned time frame (till 23/24th June 2014). You are advised to long bullion on dips and book profit by 23rd at higher level.
Between 25th and 30th June 2014, a sharp correction is expected.
There as well, you have to make long position in bullion.
Copper shall be in overall positive trend.
Hold long position for target 3.10.
Crude Oil is expected to cross $107.50/bbl any time.
It could even go up to $110/bbl.
Hold long position in Crude Oil with stop loss $105/bbl.
NG shall be in weakness. Make short position in NG at higher levels.
- CRUDE: 105.90-107.20
- NG: 4.75-4.65
Maintain long position in EUR/USD.
Any time, EUR/USD could shoot up to 1.3650+.
INDIAN RUPEE (USD/INR)
Sell USD/INR @ 60.40 with stop loss 60.70 for target 60.00.
Sell dollar index on rise.
- EUR/USD: 1.3530-1.3620
-DOLLAR INDEX: 80.75-80.50
US 10 YR-TREASURY BOND
BUY US 10 YEAR TREASURY BOND @2.67-2.70.
Any time from next day, bond can move in positive direction.
However for today, bond shall be weak.
-US 10 YR T BOND: 2.68-2.59
INDIAN STOCK MARKET
Indian market shall be volatile till 13.30 HRS IST. And then onwards, a positive trend shall be seen, which would last till 15.00 HRS IST.
At closing hour, you can make short position in NIFTY with stop loss 7,770 for target 7,450-7,300.
You are advised to book profit in long positions in NIFTY & BANK NIFTY today.
You are also advised to BUY RELIANCE INDUSTRIES (positional) with stop loss 1050 for short-term target 1160+.
The transition of Jupiter in Cancer is supportive for RELIANCE INDUSTRIES.
Important Notice: In next week, a sharp correction is expected in Indian market as well.
-NIFTY FUT: 7,620-7,690
#RELIANCE INDUSTRIES (POSITIONAL)
Updated @ (6/18/2014 7:59 AM IST)
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