Coming up trend in bullion and stocks

Stock Markets Around The Globe

Global equities shall be volatile to positive for 24^th – 26^th November 2014. At the end, profit booking may be observed.

On 27^th, market shall be volatile.

On 28^th, market shall be bearish.

Maintain your strategy of “BUY ON DIPS”.

In this week, S&P500 can go up to 2,075.  On the lower side, S&P500 may drop at the most to 2,038.

On 27^th, US market shall remain closed on occasion of Thanksgiving day.

PRECIOUS METALS

Bullion shall be volatile to positive till Wednesday.

On Thursday, negative trend shall be observed.

On Friday, bullion shall be positive.

In next week (from 1^st/ 2^nd December 2014), bullion shall start experiencing a bearish trend, which shall last till 5^th December 2014. Silver can experience a mightier fall.

From 5^th’s US opening, recovery can be observed.

From 8^th, gold and silver shall start to trade in positive rally, which would continue till 12^th February 2015.

The top of 2014 will be made on 20^th December 2014.

In mean time, Gold can drop to 1,180 at the most while at the upper level, it may cross 1,220. Similarly, Silver can drop to 15.90-16.00 at the most while at the upper level, it may cross 17.00.

Today’s Trend

Positive till 14.00 HRS IST.

After 14.00 HRS IST, it may drop.

For next day, bullion shall be positive. 

INDIAN STOCK MARKET

Indian market shall be positive till 26^th. 

On 27^th, volatile trend shall be seen owing to the fact that it is the expiry date for future contracts.

On 28^th, bearish trend shall be observed.

NIFTY can cross 8,600.

With stop loss of 8,400, buy NIFTY FUT on dips.

Bank Nifty Nov Fut can cross 18,500. With stop loss of 18,000, buy bank nifty on dips.

TRADING RANGE:

n  NIFTY FUT: 8,440-8,550

n  BANK NIFTY: 18,150-18,400

BUY ON DIPS:

SBI

YES BANK

KTK BANK

IDBI

LIC HOUSING

JUBILANT FOOD

TATA MOTORS

MARUTI

HAVELLS

VOLTAS