PRECIOUS METALS:
Last week after the speech of Russian president on Syrian issue, a sharp fall was seen in price of gold and silver. Gold made a low of 1,304 while Silver made a low of 21.40. However on Friday’s closing, there was a reversal in Gold’s price and gold closed at 1,326 on Friday. Silver closed at 22.20.
On 16th September 2013, positive trend is expected in bullion.
On 17th September 2013, volatile to weak trend is expected and then bullion could recover around US hours.
On 18th September 2013, positive trend is expected in precious metals.
On 18th September 2013 after FOMC meet(23.30 hrs), a fall is indicated in bullion.
And then in late US hours, bullion could recover.
On 20th September 2013, bullion shall be positive.
It is advisable to trade in and out in bullion.
If Gold sustains above 1,333 then can go up to 1,360-1,380 while Silver can reach up to 23.40 (if sustains above 22.50).
Technically unless Gold breaks 1,300-1,292, fall is not expected.
While Silver wont fall unless it breaks 21.20.
As per astrology, bullion shall have a big bullish rally after 25th September 2013.
On 25th September 2013, Pluto shall be direct followed by Saturn conjunct lunar north node.
This shall be an indication for a big serious issue (similar to SYRIA). As a result of which, bullion shall turn highly bullish after 25th . This bullishness could last for 8-10 days.
In this time period, Gold could cross 1,400 while Silver could cross 25.00.
On 22nd September 2013, its the German elections (general elections). We expect this event to be supportive for bullion.
Monday’s view: Bullion shall be volatile to positive. Positive closing is expected.
The intra-day high is expected to be made by 21.00 HRS (IST). This shall continue to be positive till COMEX closing.
On 17th, bullion could open negative and trade volatile to negative.
View on Indian Stock Market
Indian stock market shall open positive on 16th September 2013.
Bullish trend is expected till 14.15 HRS (IST).
And then slight profit booking is expected. Closing shall be positive.
Market shall be positive on 17th as well.
Today’s Trading Range:
NIFTY:5,820-5,950 (ABOVE 5,960 – CAN GO UP TO 6,000)
BANK NIFTY: 10,000-10,350+
BUY
RCOMM
RELIANCE INFRA
RELIANCE CAPITAL
L&T
UNITED SPIRITS
DLF

View On Energy Products:
CRUDE OIL
Crude Oil shall trade volatile to positive on Monday. On Tuesday, some profit booking is expected.
On Wednesday again, positive trend is expected.
On Thursday, weakness is expected.
On Friday again, positive trend is expected.
Crude Oil shall be highly bullish after 25th September 2013. In short term, we expect Oil to reach 125$/bbl. THIS WEEK CRUDE WEEKLY RANGE $ 106 TO 110. CRUDE ABOVE $ 105 GO IN SHORT TERM 125.