8th November 2012
PREDICTION ON US PRESIDENTIAL ELECTION TURNS OUT TO BE TRUE.
On 29th October 2012, we predicted that Mr. Barak H. Obama shall win the US presidential elections and bring happiness to the United States.
This was also mentioned in the weekly newsletter that was sent to our members and viewers.
Overview Of Global Stock Indices:
Last night, big fall had come in US stock market. It is possible for the US stocks to recover from today.
But we expect the volatility to continue till 14th November 2012. Today, Asian & UK indices shall recover from lower levels.
TRADING RANGE (8th November 2012)
– DJIA (DEC-FUTURE): 12,880-13,080
– NASDAQ (DEC-FUTURE): 2,608-2,634
– S&P 500 (DEC-FUTURE): 1,388-1,415 (Buy S&P500 with S/L 1,380 for TARGET: 1,428-1,445. )
– FTSE 100(FUT): 5,720-5,850
– DAX(FUT): 7,150-7,295
– CAC(FUT): 3,388-3,422
– HANG SENG INDEX (FUT):21,790-22,040
– NIFTY (SPOT): 5,720-5,820
Overview Of Indian Stock Market:
Indian stock market can have gap down opening. But it shall recover from afternoon.Tomorrow will be positive. And next week is good for Indian stock market.
Today, BUY: LIC, HERO MOTORS, FINANCIAL TECH, HUL, L&T at lower level and hold the same for tomorrow or next week.
Overview Of Precious Metals:
Summary:
– Today, bullion (Gold & Silver) shall be highly volatile and have mixed trend.
– Volatility to continue with positive bias till 14th Nov’12.
– It should turn bullish from 15th November’12.
– Today’s eve shall be positive.
Trading Range (8th November 2012):
– GOLD: 1701-1728-1740
– SILVER: 31.60-32.40 AND ABOVE
Overview Of Industrial Metals:
Buy Copper with Stop loss 340.00 for target 355.00 (Copper U turn from 15th Nov’12).
Trading Range (8th November 2012):
– COPPER: 343.00-352.00
OVERVIEW OF CURRENCY:
TRADING RANGE (8th November 2012)
– EUR/USD:1.2740-1.2860 (PLS USE S/L 1.2720)
– USD/INR (SPOT):54.70-54.10 (SHORT USD /INR WITH STOP LOSS 55.10 for target 53.80 )
– DOLLAR INDEX: 80.90-80.30
OVERVIEW OF ENERGY:
Crude Oil will again turn bullish in coming days.
Buy with stop loss 83.40 for target $89+/bbl.
TRADING RANGE (8th November 2012)
-CRUDE OIL: 84.20-87.50
(Updated at : 08/11/2012 7:19:28 AM (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.
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