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Friday’s letter: Fall Around Announcement
Here’s this morning’s newsletter
5thJuly 2013
Daily Newsletter
Global Stock Indices:
Today, Asian market shall have positive opening and volatile trend.
Profit booking is expected closing hours in Asian market.
At closing hour, it is recommended to make short position.
UK market shall open positive.
Due to non-farm pay roll data, closing may be bearish in US & UK market.
US market shall be highly volatile but closing may be bearish.
TODAY’S TRADING RANGE:
-DOW(FUT): 15,080-14,920
-S&P500(FUT): 1,628-1,614
-NASDAQ(FUT):2,990-2,920
-FTSE(FUT):6,410-6,320
-CAC40(FUT):3,820-3,750
-DAX(FUT):8,080-7,950
-HSI(FUT):20,700-20,950
-NIFTY(FUT):5,850-5,920
VIEW ON PRECIOUS METALS
Precious metals shall be highly volatile for the day. However, due to non-farm pay roll data, sharp fall is indicated.
Sell bullion on rise.
Bullion shall be volatile to weak till 14.00 HRS (IST). From 14.00 HRS – 18.00 HRS, recovery is indicated and then again sharp fall (after non-farm pay roll data) is indicated, which can continue till late night.
This bearish trend shall continue on Monday as well.
Trading Range:
– GOLD: 1,260-1,220-1,190
– SILVER: 19.60-18.80
View on Base Metals:
Today, volatile to weak trend is indicated in base metals.
Sell Copper on rise.
Trading Range:
– COPPER: 316-310
View On Energy Products:
Crude Oil shall be volatile to weak. Sell Oil on rise.
Next week shall also be bearish for Crude Oil.
Sell Oil on rise.
NG shall be highly volatile.
TRADING RANGE:
– CRUDE OIL: 102.50-100.50
– NG: 3.69-3.65
Currencies:
EUR/USD shall be highly volatile and weak.
Buy USD/INR at closing hour on dips.
TRADING RANGE:
– EUR/USD: 1.2980-1.2820
– USD/INR: 59.50-60.20
View on Indian Stock Market:
Today, Indian stock market shall be volatile to positive.
Profit booking is expected at closing hour.
Technically, if Nifty breaks 5,850 then it shall drop to 5,780.
Trading Range:
– NIFTY(FUT): 5,850-5,920
– BANK NIFTY: 12,300-12,500
BUY:
– JP ASSOC S/L 51 TGT 54
– RELIANCE CAPITAL S/L 355 TGT 375
– RELIANCE INFRA S/L 355 TGT 372
– IDFC S/L 121 TGT 128
(Updated at : 05/07/2013 07:55:32 AM (IST))
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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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