Your cart is currently empty!
Bullion went up as expected
STOCK MARKETS AROUND THE GLOBE
Last day, global indices had a heavy fall and volatility. S&P500 made a low of 1,813.
If you have long position, please use stop loss of 1,804.
Market is expected to recover today.
But till next day, volatility shall last.
In next week, positive move shall be seen.
In the month of November 2014, market shall be in a one side move.
It is a safer advice to buy S&P500 1900 call option.
When S&p500 was at 2010, we had sent an alert to our clients about possible sharp correction & uncertainty till 17th October 2014. It is advisable to trade with caution.
It is advisable to long European indices for next week.
PRECIOUS METALS
As expected, bullion made a low of 1,221 (GOLD), (17.04) SILVER before 14.45 HRS IST last day. On the higher side, GOLD went up-to 1,250 while SILVER went up to 17.80.
For today as well, bullish trend is expected.
From 10.40 HRS IST, bullion shall enter in a bullish tone.
Bullion can have a big positive move today. It shall remain positive in the evening session (IST) as well.
At higher levels (/late hours), you are advised to book 50% profit in long position for bullion.
For tomorrow, around Asian opening, bullion can experience profit booking. From tomorrow’s US opening (18.00 HRS IST), it would again turn positive
CURRENCIES
EURO
EUR/USD made a low of 1.2620. We had asked you to buy. On the higher side, EUR/USD went up to 1.2880.
Around higher levels, you are advised to short today.
INDIAN RUPEE (USD/INR)
In coming days, USD/INR shall cross 62.25.
USD/INR went upto 61.80 last eve.
DOLLAR INDEX
We had mentioned that Dollar Index would drop and so it did make a low of 84.50. For today as well, dollar index shall be volatile.
US 10 YR-TREASURY BOND
Bonds made a high of 1.85.
At higher levels, you can make short position in bonds.
INDIAN STOCK MARKET
Indian market shall have gap down opening.
Recovery shall be seen from 11.15 HRS IST.
In the last 1 hour, profit booking may be seen.
7,800 is a major support for NIFTY FUT.
15,200 is a major support for BANK NIFTY.
These supports shouldn’t be breached as per our analysis.
With stop loss of lower level, your strategy should be to “buy on dips”.
TRADING RANGE:
– NIFTY: 7,820-7,950
-BANK NIFTY: 15,250-15,800
BUY ON DIPS:
-PFC
-LIC
-GMR INFRA
-APOLLO TYRES
-INFOSYS
-HAVELLS
Integrate Market Timing in your Portfolio
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.
Leave a Reply
You must be logged in to post a comment.