Drama owing to FOMC on 14 June 2017

Global Equity Indices

Today, it is the FOMC announcement; next day’s early morning, it is the conjunction of Saturn and Sun – which will drive major equities to negative direction. A sharp correction is anticipated in S&P500. Today, sell on rise is advised. S&P500 FUT can drop to 2407-2385 in coming days. Maintain short position in major markets.

PRECIOUS METALS

Gold can move up to 1280 at the most on higher side. Around —-, you’re advised to short 50% position and remaining around —-. The target for this short position shall be 1250 & below.

You are advised to short 50% SILVER @– – — and rest if it retests — – — (before FOMC). Target for Silver July contract : 16.50 & below.

After FOMC, a sharp correction is being anticipated for precious metals. Next day seems to be bearish owing to the conjunction of Sun and Saturn.

EUR/USD

Around 1.1215-1.1220, short 50% EUR/USD and rest short position to be built around 1.1260 for target 1.11000.

USD/JPY

Around 109.90-110.00, build 50% long position in USD/JPY and rest around 109.30 for target 111.00.

US Treasury Bonds Yield

You are advised to long US 10 YR Treasury bonds yield – 50% @ 2.20 & next 50% @2.15 for target 2.25.

You are advised to long US 30 YR Treasury bonds yield – 50% @ 2.85 & next 50% @ 2.78 for target 2.92-2.95.

INDIAN STOCK MARKET 

Indian market shall be uncertain for the day. Next day, market may have gap down opening. It is advised to build short position at higher levels.

In 1-2 days, Nifty can drop to 9550. With S/L of 9740, short Nifty for target of 9550 & below.

You may short Bank Nifty @ 23500-23600 for target of 23200.

TRADING RANGE:

• NIFTY FUT: 9660-9580
• BANK NIFTY: 23600-23300

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Disclaimer: The above information is a view based on astrology and technical analysis. It is only for the purpose of knowledge and not a substitute for trading advice.