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Fall to continue in stock markets, commodities???
Global Stock Indices:
Last week, global stock indices (along with bullion) have faced severe depression. Gold made the low of 1,269 while Silver made the low of 19.50. This week as well, we expect a very volatile situation (which shall be uncomfortable i.e. unstable).
Stock market and bullion shall continue to be in negative phase with heavy volatility.
Please trade with extreme cautions.
Avoid overnight positions.
A major support for S&P500 is 1,575. If 1,575 is broken then it can drop to 1,550-40.
The major resistance for S&P500 is at 1,645.
On Monday, the market can be slightly positive. But between Tuesday & Thursday(25th-27th Jun 2013), bearish trend shall be observed.
Dollar index shall move up-ward, which will decrease the value of other currencies against USD (Especially EURO). In Euro (EUR/USD), we expect a fall from Tuesday.
According to astrology, 27th June’13 shall be a reversal day and you could expect the market to be slightly positive from 28th June 2013.
VIEW ON PRECIOUS METALS
This week as well, bullion shall continue to be in negative mood.
Your strategy should be to “sell on rise”.
Technical levels for precious metals
GOLD: Major Support – 1,270 , Major Resistance – 1,347
SILVER: Major Support -19.50 , Major Resistance- 20.30
According to astrology (this week), Silver can break 19.00 and can even drop to 18.10.
Similarly, Gold could drop to 1,220 or below.
On Monday, your strategy should be to “sell on rise”. Around US hours, a recovery could be seen but that should be the point to make short position.
This bearish trend shall continue with volatility till 27th June 2013.
From 27th June 2013 (late US hours), a trend reversal is seen, which can continue for next week.
View on Base Metals:
Bearish trend shall continue in copper and other base metals.
Your strategy should be to “sell on rise” for Copper.
On Monday, a slight recovery could come, which should be seen as an opportunity to make short position.
27th June 2013(late US hours) shall be trend reversal day.
View On Energy Products:
Weakness shall continue with volatility in Crude Oil. Your strategy should be to short CRUDE OIL & NG on rise. Similar trend is expected in NG.
On Monday, a slight recovery could come (in NG & OIL) , which should be seen as an opportunity to make short position.
27th June 2013(late US hours) shall be trend reversal day.
Currencies:
On Monday, EUR/USD shall be slightly positive. But Tuesday- Thursday, negative trend shall be seen. Your strategy should be to short ‘EUR/USD’ on higher levels.
EUR/USD can break 1.3100 this week and can even drop 1.3020.
Dollar index is expected to move upward.
USD/INR shall be slightly negative on Monday however, Tuesday onwards, it shall enter positive trend. Your strategy should be to “BUY USD/INR on dips”.
We expect USD/INR to cross 60.20 this week.
And from Thursday(27th June 2013-(late US hours)), a trend reversal shall be seen and as a result dollar index will move downward.
View on Indian Stock Market:
Trading Range:
- NIFTY: IF BREAKS 5,620 CAN GO 5,580 -5,480 & IF SUSTAINS ABOVE 5,680 CAN GO UP TO 5,750.
This week, Indian stock market shall continue in negative trend.
On Monday, slightly positive trend could be observed in second half. Please avoid overnight position in Indian stock market.
On 25th -26th June 2013, market shall be bearish.
Second half of 27th June 2013, market shall be slightly positive.
On 28th June 2013, market shall be positive.
(Updated at : 23/06/2013 10:24:39 PM (IST))
Integrate Market Timing in your Portfolio
Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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