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 13th and 14th, zigzag / slight correction may be observed.
On 15th, recovery is indicated but we aren’t very sure about the recovery. On 15th 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.
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