Weekly Newsletter (16^th– 20^th November 2015)

Planetary conditions this week:

In this week, Moon shall be in Sagittarius- Capricorn -Aquarius. On 17^th, Sun and Mercury shall enter Scorpio and will form a conjunction with Saturn.

Global Stock Indices

In last week, S&P 500 FUT closed at 2012 while DOW FUT closed at 17158. If 2000 is not breached, S&P500 FUT can shoot up to 2035-2045. Trend shall be positive on Monday and Tuesday. On Wednesday-Friday, market shall be in bearish trend. It is possible that market opens slightly positive on Wednesday but closing shall be highly bearish. More of bearishness is expected on Thursday-Friday.

S&P500 can close below 1980 in this week.

For the week beginning on 23^rd, Monday shall be positive followed by weakness.

The low of market may be made on 20^th / 23^rd November and market shall bounce back for a positional bullish trend with some volatility.

Venus is currently in debilitated sign Virgo since 3^rd November 2015 till 30^th November 2015. Market shall prove to be overall downward till 30^th November 2015.

On 30^th, as Venus enters Libra – market shall experience a significant bullish move which will start in December and continue till January’s first half.

Strategy for this week: Make short position at higher level or TUESDAY (whichever comes first).

TRADING RANGE:

• DOW (FUT): 17150-17280
• S&P 500 (FUT):2010-2035+
• NASDAQ (FUT): 4470-4510
• FTSE (FUT):6020-6140
• CAC(FUT):4750-4840
• DAX(FUT):10620-10780
• AEX(FUT):450-460
• HENG SENG(FUT):21900-22400

PRECIOUS METALS

Gold made a low of 1072 last week. It closed at 1083. Silver made a low of 14.10 and closed at 14.20.

Monday seems to be positive – this positivity may continue till Tuesday. On the higher side, Gold can go up to 1088-1092 while Silver can go up to 14.50.  Sharp fall is indicated on Thursday-Friday.

Gold and Silver shall make its low by 20^th / 23^rd November 2015.

Again from 18^th, sharp fall is expected.

Downside move shall continue till Friday.

In this week, closing can be below 1070-1060 for Gold and below 14 for Silver.

It is advisable to make short position from Tuesday.

On 23^rd, recovery may be observed in price of bullion. Venus will enter Libra on 30^th, bullion shall witness a considerable positive rally in bullion – a rise of $100-150/Oz in price of Gold and $2/Oz in price of Silver.

 

TRADING RANGE:

• GOLD: 1075-1088
• SILVER:14.10-14.50

INDUSTRIAL METALS

Copper and other base metals shall follow the trend in bullion.

TRADING RANGE:

– COPPER: 2.15-2.19

ENERGY PRODUCTS

CRUDE OIL

Crude Oil breached $42/bbl and closed at $40.74/bbl. On Monday, some recovery is indicated which may last till Tuesday. It shall then drop after Tuesday and remain weak / bearish till Friday.

On the upper side, it can go up to 41.50-42.00. On the lower side, it can drop and re-test 38.

On 30^th November, when Venus moves to Libra, Crude oil shall experience a bullish rally.

NG

NG shall be in mixed trend for this week. Monday-Tuesday shall be negative while Wednesday-Friday shall be positive.

TRADING RANGE:

• CRUDE: 40.50-41.50
• NG: 2.40-2.30

CURRENCY PAIRS

EURO

EUR/USD shall be positive on Monday. 1.0800-1.0850 can be touched by EUR/USD. Wednesday onwards, negative trend is expected. By Friday, it may drop to 1.0600 or below.

Around Tuesday’s eve, you are expected to make short position and hold till Friday for the mentioned target.

On 20^th / 23^rd November, the low of EUR/USD shall be made and then it shall bounce back towards a positive trend.

USD/INR

USD/INR (SPOT) can move down to 65.70-65.80 in the first two days of the week. Wednesday onwards, positive trend is expected. By Friday, it shall shoot up to 66.50.

DOLLAR INDEX

Dollar index shall be negative on Monday and Tuesday. On the lower side, it can drop to 98.40-98.00. From Wednesday, positive trend is expected. By Friday, it may re-test level of 100.

High shall be made by 20^th / 23^rd November 2015 and then dollar index shall be ready for a correction / short term drop till 95 by December 2015.

TRADING RANGE:

• EUR/USD: 1.0720-1.0840
• USD/INR: 66.20-65.80
• DOLLAR INDEX:99.00-98.60

US TREASURY BONDS

US 10 Year Treasury bonds shall be positive for Monday and Tuesday. On the higher side, it can move up to 2.20+. Wednesday onwards, negative trend is expected. This shall continue till Friday.

On Thursday-Friday, sharp decline is expected. On the lower side, bonds can drop to 2.40+.

On 20^th / 23^rd November, low of bonds shall be made.

TRADING RANGE:

US 10 YR TREASURY: 2.30-2.20

INDIAN STOCK MARKET

Indian market shall be positive on Monday – recovery is indicated from lower levels.

On Tuesday, mixed to positive trend may be observed.  By Tuesday, Nifty may go up to 7850-7900.

With a stop loss of 7700, you can long Nifty Fut for the said target.

On 17^th, you can make short position at higher level or closing and hold this position till Friday.

More of bearishness is expected on Thursday-Friday.

On the lower side, Nifty can drop to 7600-7500.

TRADING RANGE:

• NIFTY FUT: 7720-7800
• BANK NIFTY: 16700-17100

BUY:

• YES BANK
• AXIS BANK
• MARUTI
• COAL INDIA
• DISH TV
• ASHOK LEYLAND

Authors: Rajeev Prakash Agarwal & Shashi Prakash Agarwal | Sent @ 11/15/2015 12:23 PM
Disclaimer: The view contained in this report is for educational purpose only. Decision to trade remains with investors and hence, neither MADPL nor any of its associate shall be liable for any losses / profits gained.