Global Stock Indices:
Planetary positions for this week:
Mercury shall be direct on 10th November 2013. This shall be positive for market. Venus shall be under Capricorn (will conjunct Pluto and square Uranus on 14th & 15th ). Strong turning point shall be seen for stock market and precious metals. You will witness more surprise announcement from the central bank of world which in turn means more surprise moves in financial market on 14th & 15th. Strong turning point and positive movements for precious metals and stock market is indicated.
Last Friday, S&P500 (FUT)closed at 1,766. In this week, S&P500 shall be bullish. S&P500 shall not be breaking 1,750. By Friday, we expect S&P500 to reach 1,780-1,785.
11th November 2013: Asian market shall have positive opening while closing shall be bearish. UK market could be somewhat weak for Monday. US market shall also experience pressure on this day.
12th November 2013: Positive trend shall be observed in Asian market. UK and US market shall be positive.
13th November 2013: Asian market shall be experiencing pressure while in UK and US market, volatile to positive trend shall be seen.
14th November 2013: Asian market can have positive opening but closing shall be bearish. UK shall have positive closing while in US market, volatile to bullish trend shall be seen.
15th November 2013: Asian market shall have bullish opening & closing. UK and US market shall also have bullish trend.
Overall on 12th -15th November 2013, US market shall be bullish.
Asian market shall have volatile to bearish trend. UK and US market shall be slightly bearish.
Today’s Trading Range: (BUY ON DIPS): ONLY FOR MEMBERS========================================
Bullion shall be volatile for this week. Last Friday, Gold closed @ 1288 while Silver closed @ 21.49. It should be noted that major support for Gold is 1,270 (if breached could drop to 1,250) and for Silver is 21.20 (if breached could drop to 20.50).
Around the end of this week (14th and 15th), we may see Gold around 1,320-1,330 & Silver around 22.50-23.00.
11th November 2013: Positive trend shall be seen.
12th November 2013: Up-to UK opening, precious metals shall be positive. And then a correction is indicated.
13th November 2013: Volatile to positive trend shall be seen. Closing shall be positive.
14th November 2013: Around Asian hours, precious metals could be negative and then around US hours, it shall turn bullish which shall continue till 15th November 2013. It’s recommended to buy precious metals at lower levels.
Precious metals shall be overall volatile to positive (especially from 16.15 HRS IST and upto 23.00 HRS IST).
TODAY’S TRADING RANGE:ONLY FOR MEMBERS
View on Base Metals:
Copper and base metals shall be positive for this week.
Copper shouldn’t break 3.20. We expect “3.40” at the upper side this week.
Copper shall be volatile to positive.
Today’s Trading RANGE:
Copper:ONLY FOR MEMBERS
View On Energy Products:
Crude Oil shall be volatile to bullish till 15th November 2013.
NG shall have mix trend.
Weekly Trading Range:
ONLY FOR MEMBERS
Monday’s Range: -CRUDE OIL : ONLY FOR MEMBERS
-NG:ONLY FOR MEMBERS
Monday’s view: Volatile to positive trend is expected in Crude.
The lower level for EUR/USD shall be 1.3300 while the upper level shall be 1.3500.
Positive trend shall be seen on Thursday and Friday.
Monday’s view: EUR/USD shall be volatile to positive. USD/INR shall be strong. Hold your long position for 64.00. 50% Profit can be booked around 63.50 and rest 50% should be held with stop loss 62.00. In coming days, USD/INR(SPOT) shall cross 64.00.
Dollar index closed @ 81.29. The upper level for this week shall be 81.50 while the lower level shall be 80.00 (up-to Friday).
TODAY’S TRADING RANGE:
EUR/USD: ONLY FOR MEMBERS
USD/INR(SPOT): ONLY FOR MEMBERS
View on Indian Stock Market
Indian stock market shall be slightly weak for Monday however on overall basis, this week shall be bullish for Indian stock market!
Weakness shall be observed in second half (12.45 HRS IST).
It is recommended to add long positions at Monday’s closing as on Tuesday, we expect a positive trend in the market.
Today’s Trading Range:
-NIFTY (FUT): ONLY FOR MEMBERS
-BANK NIFTY: ONLY FOR MEMBERS
BUY ON DIPS:
RELIANCE INDUSTRIES LIMITED
(Updated at : 10/11/2013 20:15:56 (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!!!!