Weekly Newsletter (27-31 May 2013: Bullion, Stock Predictions)

27th -31stMay 2013

WEEKLY NEWSLETTER

 

 

 

 

 

Global Stock Indices:

This week, Mercury shall change house on 28th (and will move from Taurus to Gemini). On 29th, Venus will move from Taurus to Gemini.

Finally, Jupiter shall enter Gemini as well on 31st May 2013.

In this week, we shall be observing highest volatility.

On Monday and Tuesday, weakness shall prevail while on Wednesday and Thursday, market shall be volatile to positive. And on 31st, weakness is expected.

You should enter buying after tomorrow’s weakness.  As after 31st, a big bull rally is expected in global stock markets. A highly bullish trend will be observed.

This shall continue till 15th June 2013.

After 15th June 2013, a sharp correction will be observed which will continue till 1st or 2nd week of July 2013.

In metals as well, pressure shall be seen with some volatility.

S&P500 shall take support at 1,630 and DOW’S major support shall be at 15,120.

Hang Seng Index’s major support is 22,100.

You can buy S&P, DOW, HSI on lower level and book profit on Thursday.

Again buy back on Friday’s dips and hold for 15th June 2013.

In coming days, S&P 500 can cross 1,720 + while HSI shall cross 23,500.

Today’s Trading Range:

  • DOW (FUT): HOLIDAY
  • S&P500 (FUT): HOLIDAY
  • NASDAQ (FUT):HOLIDAY
  • FTSE (FUT): HOLIDAY
  • CAC40 (FUT):HOLIDAY
  • DAX (FUT):HOLIDAY
  •  HANG SENG (FUT):22,380-22,620
  • NIFTY (FUT): 6,010-5,920

VIEW ON PRECIOUS METALS

This week, weakness shall continue with volatility in precious metals.

Copper and other base metals shall continue to be weak.

On Wednesday and Thursday, precious metals shall go up while pressure shall be observed on Friday.

If gold breaks 1,345 then it shall go down. If silver breaks 21.70 then it shall go down as well.

Weekly Range

GOLD: 1,355-1,410

SILVER:21.75-23.10

After 31st, a U turn shall be observed in bullion. It shall be positive in the month of JUNE 2013.

View on Base Metals:

Hold short position in Copper for the next day.

Weekly Trading Range:

-COPPER: 334-324

View On Energy Products:

Crude Oil’s major support is at 92.00. If 92.00 is broken then it shall go down till 89.00.

Astrologically, Crude Oil shall be highly volatile. Buy crude oil around lower  level with stop loss 92.00 for target 95.20. You can short Oil with stop loss 96.00 for target 92.50.

Hold long positions in NG for this week for target 4.48+.

 

Weekly Range:

-CRUDE OIL: 95.80-92.20

-NATURAL GAS: 4.14-4.50

 

 

Currencies:

You can buy EUR/USD on dips this week.

USD/INR shall move downward this week and hence short USD/INR on higher levels (around 56.00).

Weekly Range:

EUR/USD: 1.2800-1.3000

USD/INR (SPOT):56.05-54.90

 

View on Indian Stock Market:

Today, Indian stock market shall be highly volatile. Weakness may be seen today or tomorrow.

On Wednesday and Thursday, positive trend is expected. However, on Friday, profit booking shall be observed.

After 31st, a bullish period shall come for 15 days. Nifty could cross 6,300 in that time period.

Today’s Trading Range:

NIFTY FUT: 6,010-5,920 (If breaks 5,920 then shall go to 5,880)

BUY ON DIPS

  • UNITED SPIRITS
  • JAIN IRRIGATION
  • SYNTEX
  • RCOMM
  • LIC
  • ASIAN PAINTS
  • INFOSYS
  • HCL TECH.
  • IOC

 

(Updated at : 27/05/2013 7:54:15 AM (IST))

Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.

HAPPY TRADING!!!!

 

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