Global Stock Indices:
Mercury shall continue in retrograde motion this week as well. In this week, global stock indices shall be positive with ups and downs.
On 30th Oct’s evening, its the FOMC meeting (where we expect the stock market to make highs).
On 1st November, URANUS-PLUTO square is being formed. From there, a sharp correction can be observed, which could continue for next week as well.
S&P500 closed at 1,753. Astro indicator says that S&P500 wont break the major support of 1,736. In this week, stock market shall be positive and S&P500 could come up to 1,775.
PRECIOUS METALS:
Precious metals continued in positivity last week. For this week as well, precious metals shall be positive. Gold shouldn’t break 1,310 and we expect Gold to climb up to 1,420.
Silver shouldn’t break 21.30 and can come up to 23.50-24.00.
Gold and Silver could have a sharp correction from 31st October / 1st November 2013.
View on Indian Stock Market
On Monday, Indian stock market shall be weak in first half while in second half, positive trend shall be seen.
On 29th October 2013 as well, Indian stock market shall be positive.
Today’s Trading Range:
NIFTY :6,110-6,250
BANK NIFTY:10,800-11,100
BUY ON DIPS:
MCDOWELL
M&M
SBI
ICICI BANK
TATA MOTORS
RAYMONDS
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