Global Stock Indices:
Today, Sun shall change zodiac sign (it’ll move from Gemini to Cancer). Today, Asian market shall be volatile to weak in first half however in second half, it shall be positive.
Today, you can make long positions in global markets at lower level.
Tomorrow, we expect the market to be positive.
PRECIOUS METALS:
Today, volatile to weak trend is expected in precious metals. Recovery shall be observed from late US hours (21.00 HRS IST).
Tomorrow, positive trend is expected for bullion.
Today, you can make long positions in bullion on lower level for next 3 days.
TODAY’S TRADING RANGE:
– GOLD: 1,265-1,292
– SILVER: 19.45-20.10
View on Indian Stock Market:
Today, Indian stock market shall have gap down opening.
Nifty below 6,050 can drop to 5,900-5,850.
Bank Nifty below 11,800 can drop to 11,400 – 11,200
BUY:
– POLARIS
– HEXAWARE
– IDFC
SELL:
– FINANCIAL TECH
– EXIDE
– UCO BANK
– SBI
– YES BANK
– TATA STEEL
– SESA GOA
– RCOMM
– MCX
Currency:
Hold short position in USD/INR.
You can book 50% profit today (around 59.00) and hold rest 50% for tomorrow.
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