Global Stock Indices
It is the FOMC announcement today. Major markets shall be trading between a heavy range. We had asked you to long S&P500 @ 2088. We aren’t clear about what FOMC may bring in. Technically, if S&P500 closes above 2,120 then only trend shall continue to be bullish. At US opening, you could book profit for once and watch the movement in market. Book 50% long position in S&P500 @ 2111.
Today & tomorrow, market can prove to be uncertain. Heavy volatility may be observed.
As per astro indicator, S&P500 shall be bullish but you are advised to book profit for once at american opening (around 2,118) and then if S&P500 sustains above 2,120 you could again buy back.
Bullion shall trade in a big range today. From 14.00 HRS IST, bullion can move up for once but again after FOMC, a big fall may be observed.
After US opening, you are advised to short bullion.
Bullion may have a gap down opening next day (at Asian hours). From 11.00 HRS (IST) of Thursday, it will recover. But again on Friday, trend shall be negative for Gold & Silver.
In next week, we are positive for trend in bullion.
Copper shall trade negative.
Crude Oil shall be bullish for the day. Overall, it shall remain postiive till 4th May 2015.
After 4th May 2015, it shall start to decline.
EUR/USD shall make a top and then decline. Around 1.11, you are advised to short EUR/USD.