24th February 2016: View on Equities, Commodities, Bonds

Astrodunia

Global Equity Indices

Today, Moon-Rahu-Jupiter conjunction at same degree is being formed – this is critical for stock market and oil while it is supportive for Gold.

Today, US market may witness a sharp correction – S&P 500 FUT can drop to 1880 (+/- 10 Points) – an optimum level to cover short position and enter into long position.  US market is expected to close at lower levels.

Tomorrow, Asian market may experience bearish opening. Next day post UK opening, recovery is indicated in stock market.

ABX closed at 13.50 – you may book 50% profit in ABX today and hold rest 50%. In March, it has potentials to move up to 20.

BULLION

Bullion shall be supportive for the day. Next day, it may trade in a zigzag pattern which may mean a bit of correction.  You are advised to cover your long position today.

TRADING RANGE:

  • GOLD: 1215-1238
  • SILVER: 15.10-15.45

INDUSTRIAL METALS

Copper shall be negative for the day.

TRADING RANGE:

– COPPER: 2.11-2.06

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall experience correction today. It may drop to 30.50-29.80

NG

Hold long position in NG.  By Friday, a big upward move is anticipated.

INDIAN STOCK MARKET

Indian market shall be uncertain for the day – overall trend shall be weak.

By next day, Nifty may drop below 7000 while Bank Nifty may drop below 13800.

Hold short position till next day.

TRADING RANGE:

NIFTY FUT: 7180-7050

BANK NIFTY: 14180-13800

SELL ON RISE:

  • SBI
  • BOI
  • PNB

BUY:

  • MAN INDUSTRIES
  • BEL
  • BEML
  • ASIAN PAINTS

US TREASURY BONDS

Bonds shall make top today and hence you must book profit at higher level, today itself.  Next day’s US opening onwards and till 29th Feb, slight weakness is indicated.

TRADING RANGE:

  • US 10 YEAR: 1.76-1.69
  • US 30 YEAR: 2.62-2.54
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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash

Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.

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