A part of today’s newsletter is here for review.
Global Equity Indices
As per our expectation, American and European market rebounded. S&P500 made a high of 2507. For today and tomorrow, trend is negative. Global markets are set to decline sharply. Pluto is turning direct today around 23.00 HRS IST, which is highly negative for the stock market. Strategy should be : SELL ON RISE.
Bullion shall be uncertain for today and tomorrow. Considerable bullish trend to be observed from 6th or 9th October 2017. Till October-end, a new high is being anticipated for Gold and Silver.
Gold and Silver have their respective supports at 1280 and 16.70.
Sell Copper at higher levels. By October-end, a correction of over 10% is being estimated. It is advised to short Copper at higher levels (2.95-2.96).
Crude oil shall start to correct from today. This may continue for next week. By next week, it may jump to 48.00. It is advised to short oil at higher levels.
NG made a high of 3.08 in the previous session. Around 3.10, one may short NG.
USD/INR made a high of 65.78 in the previous session. By October-end, it may move up-to 66.50-67.00. It is advised to long USD/INR on dips.
Dollar index shall start to move up from here. In coming days, it’ll cross 95.00. With S/L of 92.00, long dollar index.
Short USD/JPY at higher levels.
US Treasury Bonds Yield
The top for treasury bonds yield have been made for now. Till October-end, considerable decline is being anticipated. This fall may start to be visible from next week.
INDIAN STOCK MARKET
Indian market went through a considerable fall in the previous session. Nifty made a low of 9730 while Bank Nifty made a low of 23800. We are still negative for Nifty in October. By Oct-end, we expect Nifty & Bank Nifty to drop below 9300 & 23000. The support for Nifty lies at 9700 which if breached may drive Nifty’s price to 9500. Resistance for Nifty lies at 9900.
Today, it is the expiry and hence, heavy volatility may be observed. The closing of market shall be bearish.
- NIFTY SEPT: 9850-9700
- BANK NIFTY: 24200-23700
- MRPL S/L 118 TGT 130
- PETRONET LNG S/L 221 TGT 240
- APOLLO TYRES
SELL ON RISE:
- IOC S/L 400 TGT 385-378
- BPCL S/L 469 TGT 455-440
- POWERGRID S/L 210 TGT 200
- ONGC S/L 173 TGT 158
- CIPLA S/L 575 TGT 560 & BELOW
For subscribing to daily newsletter / live trading signals, drop an email to email@example.com or call : +91-9301717647.
Incoming search terms:
- rajiv prakesh
- vidio on silver mcx astrology
- Rajeev Prakash song
- Vigyan 9th Rajeev Prakash book