Global Stock Indices

Last day, S&P500 made a high of 2134.

Today onwards, S&P500 is expected to drop with volatility.

Trend change may be observed.

Till the end of month, this weakness may continue.

S&P500 may drop to 2,090-2,080 or below.

Again from first week of June 2015, markets shall be back to positive trend (with volatility) till mid-June 2015.

Hold short position in S&P500.

A sharp correction is expected in S&P500 on Friday.

PRECIOUS METALS

Gold, Silver made lows of 1205 & 16.86 respectively. Trend seems to be positive for today and tomorrow.

By tomorrow, we expect Gold to go up to 1,225; Silver can go up to 17.50.

Make long position in GOLD with S/L 1200 & SILVER with S/L 16.80.

S/L-> Stop Loss

Around 17.50 & 1225, you can book profit in SILVER & GOLD long position.

Trend reversal may be seen from next day’s US opening.

On Friday, a sharp correction may be observed.

To compensate this correction, you are advised to book profit in long position at higher level and there itself make short position with S/L 1234 & 17.82.

In next week, 25^th to 28^th May shall be positive for bullion.

Especially, 26^th to 27^th is bullish for bullion.

MCX traders are advised to buy GOLD with s/l 27,200 & SILVER with s/l 38,800.

Target: GOLD- 27,600 & SILVER – 40,000-40,250.

CRUDE OIL

Crude Oil shall be positive for today & next day. It can shoot up to 61.00.

With s/l of 57.80, long crude oil.

INDIAN STOCK MARKET

Indian market shall have positive opening.

NIFTY FUT made a high of 8,445 & Bank NIFTY made a high of 18,550 last day.

Today, market shall open positive and then undergo correction.

With s/l of 8,450+ & 18,600+, make short position in NIFTY FUT & BANK NIFTY.

By the end of month, NIFTY may drop to 8,000 & Bank Nifty may drop to 18,000.

In the first half of June 2015, market shall be trading upward.

TRADING RANGE:

-NIFTY FUT: 8420-8320

-BANK NIFTY: 18550-18200

BUY ON DIPS (INTRA-DAY):

-TATA POWER

-DLF (S/L 121)

-COLGATE

-GLENMARK PHARMA

-JAIN IRRIGATION