What to do in bullion, stocks, currencies

16th October 2012
Today, global stock indices shall be volatile to positive. But profit booking possible in late US hours.

Trading Range (16th October 2012) –Global Stock Indices
 DJIA (DEC-FUTURE): 13,320-13,420
 NASDAQ (DEC-FUTURE): 2,722-2,742
 S&P 500 (DEC-FUTURE): 1,430-1442
 FTSE 100: 5,800-5,860
 DAX: 7,220-7,325
 CAC: 3,414-3,432
 HANG SENG INDEX: 21,100-21,190
 NIFTY (SPOT):5,640-5,740-5,760
ASTRO-OUTLOOK ABOUT INDIAN STOCK MARKET (16th October 2012)
Today, Indian stock market shall be volatile to positive.
You can make buying position for short term in Pidilite Industries, KTK Bank under “CASH” segment for target 250-300, 130 respectively.
Please use STOP LOSS of 115 in KTK Bank.
You can also buy IDFC, PFC, RENUKA SUGAR.
OUTLOOK ABOUT PRECIOUS METAL (16th October 2012)
Today, Precious metals (Gold & Silver) shall be positive till UK Opening (12.30 HRS IST).
Again a weakness is seen till evening. And then again it shall turn positive from 18.00 HRS (IST).
The closing of precious metals shall be positive.
TRADING RANGE OF PRECIOUS METALS (16th October 2012)
GOLD:1730-1748
SILVER: 32.45-33.25
TRADING RANGE OF INDUSTRIAL METALS (16th October 2012)
COPPER: 3.68-3.72
TRADING RANGE OF CURRENCY (16th October 2012)
 EUR/USD: 1.2900-1.3020
 USD/INR (SPOT) :52.80-53.20
 DOLLAR INDEX: 79.80-79.40
TRADING RANGE OF ENERGY PRODUCTS (16th October 2012)
• CRUDE OIL: 90.40-92.50
• NATURAL GAS: 3.52-3.44
MCX Commodities
• GOLD STRONG ABOVE 30,900 AND THEN CAN GO TO 31,200. IF IT DOESN’T SUSTAIN 30,900 THEN TECHNICALLY IT TURNS WEAK.
• SILVER IS STRONG ABOVE 59,850 AND THEN CAN GO TO 60,200-60,500-60,800. SILVER IS WEAK ONLY BELOW 59,700.
• COPPER IS STRONG ABOVE 432.00 AND THEN CAN GO TO 436.00 IF SUSTAINS ABOVE 437 THEN IT TURNS VERY STRONG FOR POSITIONAL BUYING.
• CRUDE IS STRONG ABOVE 4785 AND CAN GO TO 4880 AND ABOVE.
(Updated at 07.01 HRS (IST) – 16th October 2012- Indore, India)
Please note that this is an indicative report only and not live trading calls. Our specialty is ‘LIVE TRADING CALLS’. Kindly contact us if you want to add the advantage of ‘financial astrology’ to your portfolio.
Disclaimer: This is only an indicative report and not to be considered as live trading calls. This is meant for educational purpose only.