Fed hikes interest rate and what we expect hereafter

GLOBAL STOCK INDICES

In the previous session, we asked you to short S&P500 DEC contract @ 2930. Profit has been booked at 2910. Today, it is the last day of uncertainty as per planetary conditions. The market may open at lower levels in US session. There onwards, it will move up in the US noon. Next day, the market shall behave positively. From the next session, global markets will be positive for a phase of 15 days (till mid-October 2018). Our strategy in this period shall be buying indices/ stocks at dips. In these 15 days, S&P500 can move up to 3000.

From mid-Oct to mid-Nov 2018, a highly bearish trend is possible which would be driven by a sudden undesirable news.

Around mid-October, you can make the short position at higher levels and cover short at the lower level by mid-November. This can be one of the most considerable falls in 2018.

At today’s US opening, one can long NASDAQ, S&P500 and DOW and hold for a phase of 15 days.

BUY FOLLOWING STOCKS AT LOWER LEVELS:

• ROKU
• AMAZON
• TILRAY
• CARE
• NETFLIX
• TESLA
• MICROSOFT
• AMD
• CISCO
• ROSS STORES
• FACEBOOK

One can buy mining stocks as well.

PRECIOUS METALS

Bullion will be in an uncertain mode till 4^th October 2018. In this time frame, Gold can drop to 1190-1180 while Silver can drop to 14.00.

Gold has resistance at 1221 while Silver has resistance at 14.60, if the resistance crossed then a breakout is possible.

Today, a decline may be visible in bullion. With S/L of 1210 and 14.65, short Gold and Silver from intraday perspective.

Next day, precious metals may trade positive. Positional traders shall wait for 4^th October 2018. They can buy on dips there. From 5^th October, it will be ready for a short-term uptrend in precious metals.

ENERGY PRODUCTS

CRUDE OIL
Short crude @ 72.50-73.00. In coming days, it will breach 68.

CURRENCIES

EURO (EUR/USD)
It has been advised to short EUR/USD @ 1.1800. Around 1.1700, book 50% profit.
POUND (GBP/USD)
It has been advised to short GBP/USD @ 1.3200. Around 1.3100, book 50% profit.
YEN (USD/JPY)
Short USD/JPY at 113.
INDIAN RUPEE (USD/INR)
Short USD/INR at higher level with S/L 73.
DOLLAR INDEX
By next week, dollar index can move up to 95. It is advised to long dollar index at lower level with S/L 93.

US TREASURY BONDS

US 30 Year T-Bond

It is advised to book 50% profit in US 30 Y T-Bond @ 140.50. Hold rest position with S/L 139.20.
Yield
It is advised to book partial profit in yield (US 10 Y @ 3.05 & US 30 Y @ 3.18).

CRYPTO-CURRENCY

Hold position in BTC/USD with S/L 5900 and XRP/USD.

INDIAN STOCK MARKET

We asked you to short Nifty @ 11700 and Bank Nifty @ 28300. Nifty September Future made a low of 11906 while Bank Nifty September Future made a low of 24700.
Today, it is the last day of the bearish trend. The market will enter a positive phase for 15 days.
With S/L of 10800 (SPOT) and 24500 (SPOT), one can long Nifty and Bank Nifty.
The market will be volatile to positive for next 15 days. In this time frame, Nifty can cross 11700 while Bank Nifty can cross 27000. After mid-October 2018, market may witness a major selloff in the following month.

Intraday Timing: Market shall be uncertain to bearish till 12.00 HRS IST. From 12.00 HRS IST, it will recover till closing with volatility. Positional traders can make the long position at lower levels. Hold long position till mid-October 2018. Next day, the market may trade positive.
BUY ON DIPS (SHORT TERM):
– YES BANK
– MARUTI
– IGL
– TATA STEEL
– TATA MOTORS
– M&M
– SHREERAM TRANSPORT
– SBI
– KOTAK BANK
– ICICI BANK
– VOLTAS
INTRADAY BUY:
– APOLLO TYRES
– VOLTAS