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Annual Letter and MCX trading range
SUBSCRIBE TO ANNUAL LETTER
Please note that if you want the annual letter (which will contain details with dates for bullion, base metals, global stock markets, currency).
You have to pre-order it for a nominal fee of 150 USD. We are working hard about it and we’ll be able to deliver it to you by 15th December 2012.
After 15th December 2012, the price will go to 250 USD.
ADVANTAGES OF ANNUAL NEWSLETTER:
- Specific Dates when market can change
- Expect high and low
- Trend of global stock markets
- Trend of Bullion
- Trend of Currency
Here’s the view for today.
Indian Commodity Market/ MCX:
Today, bullion and other base metals are highly volatile. It’ll turn positive from 12.30 HRS (IST) to 18.00 HRS (IST). Then on wards, some pressure could be seen on higher levels. Again positive from 22.00 HRS (IST).
Trading Range:
- GOLD: 31,640-31,950
- SILVER:60,450-61,500 AND ABOVE
- CRUDE OIL:4,650-4,750-4,780
- COPPER: 417-423
Indian Stock Market:
Market is closed on occasion of Diwali. So please celebrate! It’s rare for traders to get holidays!
Global Stock Indices:
Today, global stock indices are highly volatile.
Trading Range:
- DOW JONES (FUT): 12,720-12,820
- S&P 500 (FUT) :1,366-1,389-1,393
- NASDAQ (FUT): 2,562-2,585
- FTSE (FUT): 5,710-5,810
- CAC40(FUT):3,410-3,445
- DAX (FUT): 7,120-7,230
- HANG SENG IDX (FUT):21,255-21,420
- NIFTY (SPOT):HOLIDAY
Precious & Industrial Metals:
Today, precious and industrial metals are expected to be highly volatile and major ups and downs viz. both side trend can be observed.
Moon to enter in “Anuradha” nakshatra & Leo navmansha at 12.30 HRS (IST). After 12.30 HRS IST, if market goes up, a good rise is possible. But after 18.00 HRS (IST), again some pressure possible at higher level.
Again after 22.00 HRS (IST), it’ll go up with heavy volatility.
Trading Range:
- GOLD: 1,718-1,738-1,744
- SILVER: 32.20-32.85-33.40
- COPPER: 343.00-351.00
Volatility to end in Copper from next week and then upside trend starts for about a month!
Positional investors can buy Copper with stop loss 340.00 for target 365.00-375.00
Energy Products:
Crude Oil will be bullish with volatility for next 1 month. Our target is $105+ in Oil.
Trading Range:
- Crude Oil: 84.30-86.50-87.20
Currencies:
We don’t expect EURO v/s USD to break 1.2640. In next twenty days, it can go to 1.3150.
Positional traders can buy at both levels (1.2715 & 1.2660) with stop loss 1.2600 for target 1.300+ .
Trading Range:
- EUR/USD: 1.2670-1.2780
- USD/INR (SPOT): 55.30-54.30 (SELL USD against INR with stop loss 55.40 for target 53.80 in coming days)
- DOLLAR INDEX: 81.30-80.60
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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