Global Stock Indices

Last week, as expected, S&P500 made a high of 2,113.

In this week, market shall remain bullish on Monday and Tuesday.

On 13^th and 14^th, zigzag / slight correction may be observed.

On 15^th, recovery is indicated but we aren’t very sure about the recovery. On 15^th as well, it could be overall weak or slightly positive.

In the first 2 days of this week, S&P500 JUN FUT can move up to 2,119. If 2,120 is sustained, it can go up to 2,135-2,145.

After mid-week, S&P500 shall again drop to 2,080.

TRADING STRATEGY & RANGE :: ONLY FOR MEMBERS

PRECIOUS METALS

Gold made a low of 1,170 last week and closed at 1,187.

On Monday and Tuesday, trend seems to be positive. On Tuesday, trend shall be more bullish.

On Wednesday & Thursday, trend shall be bearish / zigzag i.e. with volatility.

On Friday, trend shall again turn positive.

In the first 2 days, Gold can cross 1,200-1,220 while Silver can reach 16.80-17.20.

By Wednesday, Gold could again drop to 1,180 & Silver could again drop to 16.20.

In next week, Monday & Tuesday are positive.

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CRUDE OIL

Crude Oil made a high of 62.50 & low of 58.40 last week.

In the first 2 days of this week, Crude shall prove to be positive.

Between Wednesday and Friday, slightly weak trend may be observed.

In next week, Monday & Tuesday are again positive.

INDIAN STOCK MARKET

Last week, Nifty Fut made a low of 8,020 & Bank Nifty made a low of 17,200.

On last Friday, market recovered & Nifty made a high of 8,250 & Bank Nifty made a high of 17,800.

On this Monday-Tuesday, Nifty can go up to 8,350 & Bank Nifty can go up to 18,400+.

From Wednesday, trend shall again be weak till Friday.

In this time frame (from Wednesday), you can short NIFTY FUT @ 8,350-8,400 for target 8,000.

Stocks to be bought for the first 2 days of the week:

-AUROBINDO PHARMA

-ITC

-HUL

-JUBILANT FOOD

-TATA STEEL

-TATA MOTORS

-MARUTI

-ASHOK LEYLAND

-ICICI BANK

-YES BANK

On Tuesday, you are advised to cover your long position for once.