Bullion Bounced Back As Expected

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Stock Markets Around the globe

Today, Venus shall enter in Cancer in evening hours (around 17.00 HRS IST).  A conjunction will be formed of Jupiter, Mercury & Venus in Cancer. This planetary condition shall be supportive & positive for prices of stocks, metals, oil.

Today, Asian market shall be volatile in first half.

In the second half, recovery is expected.

Positive closing may be seen.

For tomorrow, bullish opening is indicated.

For today, UK’s closing is expected to be positive.

It is a super positive day for American market.

American market shall remain positive with volatility for tomorrow as well.

S&P500 SEPT FUT can go up to 1,935-1,950.

PRECIOUS METALS

As expected in last day’s letter, bullion bounced back.

Gold went up from 1,282 to 1,309 while Silver went up from 19.77 to 20.19. This is a rise of 2% in Gold & Silver from lower levels.

Today, after VENUS changes position, GOLD & SILVER shall start in a very bullish trend (with volatility), which shall last till 22 / 25 August 2014.

In this time frame, GOLD may rise by $200+/Oz while SILVER may rise by $4/Oz.

By weekend, we are expecting GOLD to cross 1,340 & SILVER to cross 21.20.

INDUSTRIAL METALS

After change of position of Venus, Copper and other base metals shall turn bullish.

By August end, Copper is seen above 3.40.

ENERGY PRODUCTS

CRUDE OIL

After change of position of Venus, Oil shall turn highly bullish. It may cross $100/bbl by this weekend.

With stop loss of $96/bbl, long crude oil for target $100+/bbl.

NATURAL GAS

NG is expected to be supportive.

CURRENCIES

EURO

EUR/USD shall witness a big move today.

EUR/USD can cross 1.3450.

Positivity shall continue for next day as well.

INDIAN RUPEE (USD/INR)

You are advised to book 50% profit in long position of USD/INR and hold rest with stop loss 60.00 for target 63.00.

In coming time, we expect USD/INR touching 63.00.

We had recommended long position in USD/INR when it was trading @ 60.00. Enjoy the cool profit!

DOLLAR INDEX

Dollar Index shall start to correct from evening.

81.00 can be breached.

US 10 YR-TREASURY BOND

US 10 YR Treasury bond can experience a sharp correction from evening, which may last till next day.

It can cross 2.57.

For today, it’ll go up to 2.52.

INDIAN STOCK MARKET

Indian market shall be highly volatile in first half.

After 12.00 HRS IST, recovery shall be seen.

Closing can be positive.

For tomorrow, gap up opening is indicated.

TRADING RANGE:

 NIFTY AUG FUT: 7,650-7,550+

 BANK NIFTY:14,900-15,350

BUY ON DIPS & HOLD FOR TOMORROW:

  • PEML

  • ROLTA

  • PIPAVAV DEFENCE

  • TEXRAIL

  • TATA MOTORS

  • TATA STEEL

  • TATA POWER

  • YES BANK

  • SBI

  • CAIRN INDIA

  • KOTAK BANK

  • CESC

  • CENTURY TEXTILE

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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash