Global Equity Indices Volatility: Market Outlook

Global Equity Indices Volatility

In the previous session, heavy Global Equity Indices Volatility was observed. DOW, S&P500 and NASDAQ first made lows of 23350, 2560 and 6300. After that, a sharp recovery was observed. We had already asked you to book 75% profit in short position at lower levels.

Today as well, Moon is in Scorpio. The market may again decline from today.

Short DOW with S/L 24560, S&P500 with S/L 2681 and NASDAQ with S/L 6661.

By the next session, the low of the previous session can be retested or breached.

Intraday traders shall be certainly cautious as Scorpio Moon would give rise to heavy volatility.

You can alternatively buy put options with S/L.

The uncertainty in market will continue until 10th of the month. And then, it shall enter a positive zone for short term.

Hang Seng declined by 1000 points in the previous session. We had asked you to book profit at lower level (29800). Today, HK is closed.

AEX touched our target of 520 in the previous session.

PRECIOUS METALS

Gold made a high of 1352 in the previous session while Silver made a high of 16.50. 50% profit in long position of bullion has been booked.

One can again long Gold June contract @ 1332-1334 with S/L 1320 and Silver May contract @ 16.25 with S/L 16.00.

Bullion shall be overall positive with volatility till 18th of the month.

CRUDE OIL

Crude oil made a low of 62.20 in the previous session. It shall be uncertain until Tuesday. Then onwards, it shall enter a positive zone.

Bullish trend shall start in oil from 14th.

Hold long position in oil with S/L 62 for target 65.50.

INDIAN STOCK MARKET 

Indian market went through a sharp correction in the previous session. Nifty made a low of 10120 while Bank Nifty made a low of 24160.

75% position was booked in short position yesterday.

Today, market shall open gap up. After 14.00 HRS IST – the RBI policy, a sharp correction is possible.

Closing is expected to be negative.

The next day’s opening can be downward.

One can short Nifty @ 10300-10320 with S/L 10360  for target 10150-10100 and Bank Nifty @ 24600 with S/L above 24700 for target 24200-24100.

The uncertainty in market will last until………………………..