19 October 2012 – What’s coming next in bullion, currency and stocks

19th October 2012

Today, global stock indices shall be highly volatile & uncertain. Some weakness is indicated.

UK opening shall be bearish. But closing may be positive. US opening shall be positive but profit booking possible at late hours.

 “EURO SUMMIT” result will be success as per astrology

Trading Range (19th October 2012) –Global Stock Indices

è DJIA (DEC-FUTURE): 13,460-13,520

è  NASDAQ (DEC-FUTURE): 2,728-2,745

è S&P 500 (DEC-FUTURE): 1,444-1,459

è FTSE 100(FUT): 5,820-5,895

è DAX(FUT): 7,405-7,480

è CAC(FUT): 3,520-3,555

è HANG SENG INDEX (FUT): 21,560-21,420

è NIFTY (SPOT):5,740-5,660 and BELOW

ASTRO-OUTLOOK ABOUT INDIAN STOCK MARKET (19th October 2012)

Indian stock market shall be highly volatile. Trading Range- Nifty Future – 5,620-5,720. Nifty future’s major support is at 5620 and resistance is 5,720.

OUTLOOK ABOUT PRECIOUS METAL (19th October 2012)

BULLION WILL BE RANGE BOUND & HAVE SIDE-WAYS MOVEMENT. SOME RECOVERY IS POSSIBLE FROM UK OPENING WHICH SHALL CONTINUE TILL US OPENING. BUT AGAIN PROFIT BOOKING IS POSSIBLE IN LATE US HOURS OR 20.30 HRS(IST).

NEXT WEEK, BULLION IS UNCERTAIN TILL 24^th October 2012. Monday (22^nd October 2012) will be positive but between 23^rd & 24^th October 2012, a sharp fall is possible. After 24^th October 2012, good bullish (one sided) will come that shall last till 18^th November 2012.

Fresh buying (positional) on 24^th late night is advisable.

Currently, if you have positions then hold for Monday /Tuesday (22^nd /23^rd Oct 2012).

TRADING RANGE OF PRECIOUS METALS (19th October 2012)

GOLD:1737-1752

SILVER: 32.60-33.20

TRADING RANGE OF INDUSTRIAL METALS (19th October 2012)

COPPER: 3.76-3.71

TRADING RANGE OF CURRENCY (19th October 2012)

è      EUR/USD: 1.31300-1.30200

è       USD/INR (SPOT) :53.20-54.00 (MY ASTRO VIEW: USD/INR can touch above 54.50-55.00 in coming days).

We recommended our readers to buy USD against INR when USD/INR was trading at 51.40 with stop loss 51.20 for target 54-55. And yesterday, I again recommended to buy USD /INR with stop loss 52.20. This makes our view correct.

è      DOLLAR INDEX: 79.20-79.50

TRADING RANGE OF ENERGY PRODUCTS (19th October 2012)

Today, Crude Oil is volatile to bullish.

• CRUDE OIL: 90.50-93.50-94.50
• NATURAL GAS: 3.60-3.48

(Updated at 07.05 HRS (IST) – 19th October 2012- Indore, India)

Please note that this is an indicative report only and not live trading calls. Our specialty is ‘LIVE TRADING CALLS’. Kindly contact us if you want to add the advantage of ‘financial astrology’ to your portfolio.