Global Stock Indices
Venus moved to Sagittarius last evening.
Today, Jupiter shall be retrograding after US opening (around 20.30 HRS IST). In this week, Moon shall be moving across Gemini-Cancer- Leo.
For this week, Stock market shall be supportive with some volatility.
Today, the trend is expected to be positive.
On 9th December as well, positive trend shall be seen.
On 10th December, weakness shall be observed.
On 11th December, positive trend is expected.
On 12th December, weak trend shall be observed.
From next week, correction shall start.
A big correction is expected in the month of January 2015 (after first week).
In the month of December, S&P500 may move up to 2,090-2,100 at the most whereas we see 2,040 as the bottom level that it could drop to. Hence, it is advisable to be cautious with your position in Stock indices especially when we expect correction.
Copper shall be range bound to positive.
Monday shall be positive for Copper.
Tuesday shall be slightly negative.
Wednesday- Thursday shall be positive.
On Friday, range bound trend is expected.
Copper can cross 2.95 in this week.
Crude Oil shall experience weakness in this week. On the lower side, crude may break 62.00.
Sell Crude OIL on rise.
After 15th December 2014, Crude Oil shall start moving in positive direction.
NG shall be in recovering mode till 12th December 2014.
NG can cross 3.95.
With stop loss 3.60, long NG.
EUR/USD is ready for a trend reversal.
EUR/USD shall be moving in positive direction for the month of December 2014. We do not see EUR/USD breaking 1.222. On the upper side, EUR/USD has chances to cross 1.2500 in this very month.
INDIAN RUPEE (USD/INR)
With stop loss of 61.60, long USD/INR for target 62.30.
Any time, USD/INR can cross 62.50.
Dollar Index shall not cross 90.00. In this month, DI could drop to 87.00.
Sell dollar index on rise.
10 YR-TREASURY BOND
Bonds shall be in recovering mode. It shall move up.
In the month of December, Treasury bond shall trade positive. However, in this week, bonds shall be positive with volatility till 11th Dec 2014. On 12th Dec, a correction is expected. Buy bonds at lower level.
INDIAN Stock MARKET
Indian market shall be slightly supportive for this week.
On 8th & 9th, trend is positive for Indian market.
On 10th, weakness is seen.
On 11th, market shall be positive.
On 12th, bearish trend is to be encountered by the Indian market.
In the first half, volatile trend shall be observed. Closing shall be positive.
#NIFTY FUT: 8,545-8,650
#BANK NIFTY: 18,700-18,950
This week is supportive for the following stocks: