Global Stock Indices:
Today, all global stock indices shall be highly volatile. Some profit booking is possible at higher level. But tomorrow, it shall be positive. ALERT: All global stock indices – volatile to bearish on next Monday and also till 25th December 202, heavy volatility is expected. If you have any long positions, you must book them on Friday.
Precious & Industrial Metals:
Yesterday, we said that late night of 12th December ’12 – morning of 13th December ’12, precious metals should turn uncertain and as a fact it did happen.
Gold and Silver achieved the upper target mentioned and then crashed.
If you haven’t closed your long position, please hold them for tomorrow.
Today, precious metals are volatile to bearish till 18.00 HRS (IST).
Then recovery shall start from lower levels.
Again downside is indicated from 22.30 HRS (IST) to late night.
However, tomorrow opening shall be positive and with volatility, it shall be overall positive.
ALERT: Coming Monday, bullion is volatile to bearish. A sharp correction is possible.
By 25th December 2012, bullion is highly volatile and sharp correction is possible with several ups and downs.
Gold will go down from 17-DEC-2012 as per our prediction for month of December 2012.
Between 17th – 25th December 2012, Gold can go down to 1,678-1,660 & Silver can go down to 32.20-31.50. So that’s the period for which positional investors should wait (to make long positions at lower levels). After 26th December 2012, new bull run to start in bullion. We are again repeating that bullion will make new high in February 2013.
Yesterday, we said crude oil is positive. It went up to 87.00(US Light Crude). Today, Crude Oil is highly volatile.
Indian Stock Market:
Today, Indian stock market is highly volatile. Profit booking is possible at higher levels.
Tomorrow, it can be positive.
ALERT: Next Monday, market can be bearish. And in next 10 days, highly volatile trend is expected.
It is recommended to book profit in long positions tomorrow.
Trading Range(13th December 2012):-
- Nifty Fut:5,910-5,965
- Bank Nifty: 12,300-12,600
BUY: R POWER, DCB, RELIANCE CAPITAL, RELIANCE INFRA, HERO HONDA, ADANI ENTERPRISES, JP ASSOC.