21 September 2012 – View on Global Indices, Commodities and Currencies

21^st September 2012

Today- global stock indices are expected to be volatile to positive especially US stocks. Today, closing in US will be bullish.

Today, S&P can touch high level.

Today’s Trading Range of Global Stock Indices

è DJIA (DEC-FUTURE) : 13,520-13,620 AND ABOVE

è NASDAQ (DEC-FUTURE): 2,854-2,875

è S&P 500 (DEC): 1,452-1,465 AND ABOVE

è Alert: S&P can touch new high on Monday.

è NIFTY (FUTURE): 5,530-5,620 AND ABOVE.

è Bank Nifty (FUTURE): 10,920-11,120 AND ABOVE.
(Profit booking possible at closing hours and please note that Monday market may be positive).

ALERT: Global stock markets also positive on Monday.

TRADING RANGE OF ENERGY PRODUCTS

CRUDE OIL (NOVEMBER CONTRACT): 92.00-93.50-94.00 AND ABOVE.

MONDAY IS ALSO POSITIVE FOR CRUDE OIL

NATURAL GAS: 2.78-2.85

 TRADING RANGE OF INDUSTRIAL METALS

COPPER: 376-383

TODAY- LEAD, ZINC, ALUMINIUM MAY BE VOLATILE TO BULLISH.

TRADING RANGE OF PRECIOUS METALS

GOLD: 1762-1782 AND ABOVE

SILVER: 34.34-35.40 AND ABOVE

Today- Gold, Silver, Copper and other base metals are volatile to bullish.

PLEASE REMEMBER THAT BULLION CAN BE BEARISH FOR NEXT WEEK (ESPECIALLY FROM 25^TH TO 27^TH SEPTEMBER 2012). RECOVERY STARTS FROM 27^TH – 28^TH SEPTEMBER 2012. GOOD BULL RUN TO BE OBSERVED FROM 3^RD OCTOBER – 8^TH OCTOBER 2012.

TRADING RANGE OF CURRENCY

• Ø EUR/USD: 1.2920-1.3050 AND ABOVE
• Ø USD/INR (SPOT): 54.40-54.05 AND BELOW
• Ø DOLLAR INDEX: 79.50-79.05

OUTLOOK AND RANGE FOR MCX COMMODITIES:-

• GOLD: 31,800 TO 32,080 -32,150.
• SILVER: 63,800 TO 64,800 -65,100.
• COPPER: 448 TO 456 AND ABOVE
• LEAD: 120 TO 123.20
• ZINC: 111 TO 113.50 AND ABOVE
• CRUDE OIL: 4960 TO 5075-5120.
• NICKEL: 955-975

Today, it’s my birthday. I will be leaving for Tirupati Temple (South India) at 3.00 PM (IST). I am not available in evening session.

Today, you get a very special discount on joining / extending our membership program.

          -Rajeev Prakash Agarwal

(Updated at 07.38 HRS IST – 21^st September 2012)

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.