Stock Markets Around the globe

Stock market as mentioned already has some support for the day. This support shall be removed from next week.

The current bull-run started from 8^th August 2014. This bull -run shall have its last day, today.

In next week, weakness shall be seen with volatility.

S&P500 can go down to 1,960. This weakness is for small time frame. After 15^th October 2014, it shall take support and move in positive direction.

From 2^nd November 2014, one sided bull trend shall be seen. This shall continue till Mid-Feb 2015.

For today, profit booking is expected at higher level.

You can also make short position in stock indices & hold for next week considering the fact that we see a negative trend very soon.

PRECIOUS METALS

Since quite some time, our view for bullion has been wrong. The final turning point for bullion is on 23^rd / 24^th September 2014.

From 4^th October 2014, one sided bull trend is expected. This shall continue for the month of Oct 2014.

Gold made a low of 1,216 while Silver made a low of 18.30.

Either the low has been made or shall be made on 23^rd September 2014.

From UK opening, Gold and Silver shall get support.

INDUSTRIAL METALS

Copper shall move in positive direction today.

In next week, Copper shall move in bullish tone.

CRUDE OIL

Crude Oil shall may trade weak for the day.

By 19^th October 2014, a big bullish trend is expected.

In this time frame, crude can cross $110/bbl.

Positional traders can long crude oil at lower levels. 

EURO

EUR/USD shall be in pressure till 23^rd Sept 2014. And there, it should take a U turn.

INDIAN RUPEE (USD/INR)

USD/INR shall be range-bound for the day.

In next week, positive trend is expected. 60.00 shouldn’t be breached and it shall again cross 61.00 in coming days.

DOLLAR INDEX

Dollar Index shall trade in positive trend till 23^rd September 2014. From 24^th, a final downside trend shall be observed, which would continue for some time. 

INDIAN STOCK MARKET

Indian market shall be positive in first half of trading session. In the second half, profit booking is expected.

It is the last day for planetary condition to support the market. From Monday, market shall enter a bearish phase for some time.

It is advisable to “sell on rise” (especially on Bank Nifty and Banking related stocks).

BUY NIFTY PUT OPTION FOR 7,900.

& BANK NIFTY PUT OPTION FOR 15,800.

TRADING RANGE:

#  NIFTY FUT:8,170-8,070

# BANK NIFTY:16,300-16,100

INTRA-DAY BUY:

– RELIANCE POWER

– BIOCON

– TATA STEEL

– HEXAWARE

– AXIS BANK

– CIPLA