Here is today’s letter: Know the direction of market

18^th June 2015

We hope you enjoyed the calls in Crude Oil (which fetched you 2$/bbl in an hour) & S&P500( which fetched you 12 pts in an hour).

GLOBAL STOCK INDICES

Major markets shall remain in pressure till UK opening. Post UK opening (13.30 HRS IST), trend shall gradually move up.

The day seems to be range bound. From next day, positive trend is expected. This positivity shall continue till 23 / 24 June 2015.

BUY some quantity of S&P500 @ 2086 and @ 2070-2075.

By next week, we are expecting S&P500 to touch 2120-2130.

Next day’s Asian opening is expected to be positive.

TRADING RANGE:

• DOW FUT: 17,780-17,920
• S&P500 FUT: 2,078-2,095
• NASDAQ FUT: 4,430-4,466
• FTSE FUT: 6,540-6,720
• CAC FUT : 4,730-4,790
• DAX FUT: 10,800-11,100
• AEX: 465-475
• HANG SENG:26,300-26,700

PRECIOUS METALS

Gold and Silver shall remain range bound for the day.

From next day, it shall start moving upward.

By 26 / 29^th June, a bullish trend is expected. You are advised to buy bullion on dips and hold till 26^th.

In this  time frame, Gold can go up to 1210-1220 while Silver can shoot up to 17.00.

 

You can long 50% position for bullion today and rest 50% at 1175, 15.80 (GOLD, SILVER respectively).

MCX traders can buy 50% position in Gold and Silver at current price (opening) and rest 50% at 25,700, 36,400 (GOLD,SILVER respectively). Hold this long position for next week target 27300-27400, 38500-39500.

TRADING RANGE:

• GOLD : 1178-1191
• SILVER:15.80-16.30

INDUSTRIAL METALS

Copper shall bounce back from today. It is advisable to buy copper at lower level.

In next week, Copper can go up to 2.75.

Copper and other base metals shall be positive till 26^th June.

Trading Range:

• COPPER:2.60-2.65

ENERGY PRODUCTS

CRUDE OIL

Crude oil shall be weak for the day. For next day as well, crude shall be negative.

NATURAL GAS

NG shall trade in upward direction.

Trading Range:

• CRUDE:60.50-58.50
• NG:2.83-2.92

CURRENCIES

EURO

Sell EUR/USD at higher level with stop loss 1.1410.

INDIAN RUPEE (USD/INR)

Buy USD/INR at 63.80.

DOLLAR INDEX

Dollar index shall be moving up today and next day.

TRADING RANGE:
– EUR/USD: 1.1375-1.1280

-USD/INR(SPOT): 63.80-64.10

-DOLLAR INDEX: 94-95

US TREASURY BOND

Bonds shall move up. It is advisable to long bonds on dips as in next week as well, we are expecting a positive trend.

TRADING RANGE: US 10 YR-T BOND: 2.32-2.24

INDIAN STOCK MARKET

Indian stock market shall be volatile to weak for the first half. From 01.30 PM IST, recovery is seen and market is expected to close in flat to positive notion.

Indian market shall be positive for next day.

TRADING RANGE:

• NIFTY FUT: 8030-8110
• BANK NIFTY: 17300-17600

BUY NIFTY & BANK NIFTY at lower levels.

BUY ON DIPS:

• AXIS BANK
• MARUTI
• LIC
• IDFC
• TORRENT PHARMA
• KOTAK BANK
• ICICI BANK
• PC JEWELLER
• DELTACORP
• ASIAN PAINTS

SELL:

• BHARTI AIRTEL
• TATA STEEL S/L 311 TGT 297

Reminder: We are offering a 20% discount on our services. OFFER VALID till Friday (19th June 2015) | Call: +91-9301717647 / e-mail: astrodunia[at]gmail.com