Stock Markets Around the globe

Today, global markets shall be volatile to positive. Asian market shall be positive in first half. In second half, volatile trend is expected. Closing may be positive.

S&P500 had a U turn from 1,958 last trading session. Trend shall continue in positive trend with volatility till next day.

After US opening, sharp decline is expected, which may last till day after next day.

S&P500 will again go up to 1,975-1,978. You are advised to book profit in long position @ 1,975-1,978.

Asian market shall have positive opening tomorrow.

PRECIOUS METALS

Gold made a high of 1,319 while Silver made a high of 21.15 last trading session.

Till 16.00 HRS IST, bullion shall remain positive.

And then onward, declining trend shall be seen.

At US session, a big decline may be observed.

We feel that 1,290 & 20.60 shouldn’t be breached by Gold & Silver. If these levels are breached, then Gold may drop to 1,280 while Silver may drop to 20.40. Intra-day traders can make short position (around 16.00 HRS IST) in gold@1,315-1,318 with s/l 1,322 for target 1,305-1,290; [email protected] with s/l 21.30 for target 20.80-20.60.

Short position must be covered by night as the trend is positive for next day.

Positional traders should wait for lower levels (1,305-1,290, 20.80-20.60- GOLD, SILVER) to long 50% position in bullion.

The trend is positive for tomorrow but on 24^th, a sharp correction is expected in bullion around US hours.

This shall be the last correction.

After this, bullion shall continue in one-way positive trend.

These lower levels won’t be seen round the year 2014.

INDIAN STOCK MARKET

Today, Indian market shall have positive opening.

Till 12.00 HRS IST, bullish trend shall be observed.

And then, volatile trend is expected.

Closing shall be positive.

For tomorrow, opening shall be positive.

BUY:
-CESC
-CENTURY TEXTILE
-RELIANCE CAPITAL
-TATA MOTORS
-TATA STEEL
-IDEA
-YES BANK
-SBI
-BATA