21st December 2012: Newsletter for Stock, Commodity & Currency

21st December 2012

(This newsletter is being sent at 11.21 PM -20 DECEMBER 2012 FOR 21ST DECEMBER 2012)

Global Stock Indices:

All global stock indices are expected to be volatile to positive for the day. Profit booking is possible at higher levels.  Monday is also positive for the stock market. You can keep long positions in S&P 500, HIS, NIFTY.

S&P 500 can cross 1445-1465 any time before 31st December 2012.

Nifty can cross 6,000 any time before 31st December 2012.

HANG SENG INDEX can cross 22,850 any time before 31st December 2012.

BUY S&P 500 around 1425-1432.

Precious & Industrial Metals:

Due to major planetary changes, precious metals (Gold & Silver) can take U turn any time from tomorrow (21st December 2012) or Monday (24th December 2012).

So please accumulate 50% position at current level with stop loss 1620 & 28.00 for Gold & Silver respectively.

We do not expect the stop loss to be breached.

A very big rally is waiting for metal traders in January & February 2013.

Gold is currently trading around 1638-1640 & Silver is trading around 29.50-29.80.

This is a BUYING LEVEL for positional investors.

Copper is also standing at buying level (345.00-350.00) with stop loss 340.00 for short term target 370.00-395.00.

Energy Products:

Sell Crude Oil with stop loss 91.00 for target 87.00 and below.

Natural Gas is volatile to positive. Buy Natural Gas for target 360.00 and above.

Astrology indicates that positive trend to continue in NG till 31st December 2012 with volatility.

Currencies:

SELL USD/INR @55.20 for target 54.20 and below with stop loss 55.60.

Trading Range (21st December 2012):

  • EUR/USD:1.3180-1.3280  (SELL EURO with stop loss 1.33 at higher level)
  • USD/INR (SPOT):55.20-54.20

MCX Products (Indian Commodity Market):

In MCX, you can make long position with stop loss 56,000 (for Silver) & 30,000 (for Gold).

Our target shall be 32,200-32,400 & 64,000-68,000 respectively for Gold & Silver in short term.

Buy Copper for positional time frame @432.00-433.00 with stop loss 422.00 (closing basis) for target 450.00-455.00

Indian Stock Market:

Today, Indian stock market shall be volatile to positive.

Positive opening is indicated.  Profit booking is possible at higher level.

Monday shall be positive for Indian stock market.

Trading Range(21st December 2012):-

  • Nifty Fut:5,920-5,960 (ABOVE 5,960 CAN TOUCH 6,000)
  • Bank Nifty: 12,450-12,650

INTRADAY BUY: HINDALCO, STERLITE, TATA STEEL, TATA MOTORS, LIC HOUSING, SBI, ICICI BANK.

(Updated at : 20/12/2012 11:22:39 PM (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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