Bullion to be clearly positive from 5th August 2015

GLOBAL STOCK INDICES

Stock market shall be volatile to positive till 22^nd July 2015. On 23^rd and 24^th, bearish trend is expected.

This trend may continue with volatility for next week.

On the higher side, S&P500 can shoot up to 2134-2140.

Make short position in S&P500 @2134-2140 with s/l 2160 for target 2080 & below.

Monday seems to be positive.

On Tuesday, mixed trend is expected.

Market shall be positive on Wednesday.

Between Thursday & Friday, weakness is expected.

PRECIOUS METALS

Gemini Mercury has created a huge panic in bullion since 6^th July 2015. At 23.10 HRS IST, it shall be changing house.From here, a recovery is indicated which shall keep the market up till 23^rd July 2015.  Watch the trend on 24^th July 2015, if it is negative, it shall continue to be negative till 4^th August & if it is positive, it shall continue to be positive till 3^rd August.

Clear positive trend in bullion shall start from 5^th August which shall continue till weekend.

Last Friday’s low was 1129 for Gold & 14.80 for Silver.

Today, Gold made low of 1086 while Silver made a low of 14.50.

The day is fully uncertain. High volatility shall be observed and so avoid any kind of trades today.

You can resume trading from tomorrow.

INDUSTRIAL METALS

Copper shall be uncertain & follow trend like bullion.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be uncertain. From 23.10 HRS IST, it shall turn positive. With stop loss of 50$/bbl, you can long there.

NATURAL GAS

NG shall be uncertain. From 23.10 HRS IST, it shall turn positive. ALERT: AVOID TRADING IN NG & CRUDE OIL TILL 23.10 HRS IST.

INDUSTRIAL METALS

Copper shall be uncertain & follow trend like bullion.

INDIAN STOCK MARKET

Indian market is positive for the day.

Next day, trend is mixed.

On Wednesday, positive trend is expected.

Either Thursday / Friday shall be negative.

TRADING RANGE:

• NIFTY FUT: 8590-8655 AND ABOVE
• BANK NIFTY:19050-19300

TECHNICAL LEVELS

ABOVE 8660, NIFTY CAN GO UP TO 8690-8710. BELOW 8580, NIFTY CAN DROP TO 8550-8510.

ABOVE 19250, BANK NIFTY CAN GO UP TO 19400.

BELOW 19000, BANK NIFTY CAN DROP TO 18800 & BELOW.

BUY ON DIPS:

• LIC
• MARUTI
• BHEL
• HAVELLS
• ABAN OFFSHORE
• BEL
• BEML
• CENTURY TEXTILES
• RAYMOND