Global stock indices have crashed last night. This weakness shall continue for today as well. From tomorrow a sharp fall can come, which shall continue till Friday.

S&P500 if breaks 1,548 then can go down to 1,505 by Friday.

Tomorrow, global stock indices shall have gap down opening.

VIEW ON PRECIOUS METALS

Last Night, Gold broke the major support 1,350 and Silver broke the major support 22.50.

It can go down to 1,280 -1,250.  Below 22.50, Silver can go down to 21.00.

A small recovery is possible after tomorrow’s UK opening.  If this recovery comes then recovery can continue with heavy volatility till Thursday.

Again on Friday, we expect a crash in bullion in US hours.

As per astrology, the U turn in bullion is possible only from Monday for short term.

On Monday, we had already warned of the fall in bullion. Gold broke the major support of 1,432.

We also said that Silver could come below 26.00 and then major support lies at 22.50. If 22.50 is broken then it can also go below 21.00.

This went down to 1,357. A minor support of Gold lies at 1,350. If it is broken today then it can go to 1,290.

Astrologically, today, bullion will continue weakness with volatility.

But recovery shall be seen in bullion (GOLD & SILVER) any time from 17^th April 2013 (after UK opening).

If this recovery comes then there’ll be a lot of short covering.

This recovery can continue till Thursday.

US govt. lost 50 billion USD because US govt. had a considerable quantity of gold in its reserve.

This has impacted the US stock market.

Russia, Switzerland and other countries also have similar position which means that there’ll be a great impact on the stock market across the globe in coming time.

IMPORTANT NOTE: WE REQUEST TRADERS TO AVOID BIG POSITIONS AND ALWAYS  USE A STOP LOSS BECAUSE THE MARKET IS CURRENTLY IN TENDANCY OF HEAVY VOLATILITY.

Last week, we also said that some big disaster could come which affects the market. The same happened unfortunately last eve viz. serial blast in USA. May God give strength to the families of the affected.

However, as per astrology, another incident (such as Natural or man-made disaster) could be on way till Friday.

View on Base Metals:

Weakness shall continue in Copper and other base metals till Friday. However, heavy volatility will be seen.

View On Energy Products:

Weakness shall continue in NG and Crude Oil with volatility.

Crude Oil has broken $90.00/bbl. Below $90/bbl, Crude Oil can go down to $86.00-83.00/bbl.

Yesterday, we said that NG would crash. This bear phase shall continue for today as well.

Currencies:

Today, weakness shall continue in EUR/USD. Sharp fall may be seen from tomorrow which can continue till Friday.

Below 1.3160, EUR/USD can go below 1.2800.

Due to heavy fall in price of Gold, there’s a heavy buying in physical bullion which will increase the import of gold in the country and will impact USD/INR by making USD/INR positive. USD/INR above 54.00 can go up to 55.50-56.00.

But within a month, it can also cross 56.00-57.00.

View on Indian Stock Market: