Global Stocks, Commodities and Currencies’ Markets

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Global Stock Indices:

Today, Asian market is expected to recover from lower level. Closing may be positive.

UK market shall open positive but profit booking is possible at closing hours.

US market shall also open positive and experience profit booking at closing hours.

ALERT: MONDAY, ASIAN OPENING & CLOSING SHALL BE POSITIVE. BUT US IS EXPECTED TO BE IN NEGATIVE.

Today’s Trading Range:

VIEW ON PRECIOUS METALS

Today, bullion shall recover from lower level till 18.00 HRS (IST).

And then onwards, profit booking is indicated.

However, Monday shall be positive for bullion.

For Gold, the major support is at 1,436 and major resistance is at 1,495.

For Silver, the major support is at 23.35 and major resistance is at 24.40.

Today’s Trading Range:

GOLD: 1,455-1,475 and ABOVE

SILVER: 23.45-24.10

View on Base Metals:

Weakness shall continue in Copper and other base metals. But slight recovery is possible in Asian hours.  And again profit booking shall be experienced in US hours.

Today’s Trading Range:

-COPPER: 333-329

View On Energy Products:

Today, Crude Oil shall be highly volatile.

Today, Natural Gas shall be  range bound.

Trading Range:

-CRUDE OIL:95.00-96.80

-NATURAL GAS: 3.95-3.99

Currencies:

Euro shall be highly volatile and both side trend is expected. Buy EUR/USD with s/l 1.30 for target 1.3120 and sell EUR/USD above 1.3120-1.3140 for target 1.3030 with s/l1.3200.

Trading Range:

  • EUR/USD: 1.3020-1.3120
  • USD/INR (SPOT):54.10-54.40

 

View on Indian Stock Market:

Some recovery is indicated from lower levels in Indian stock market and highly volatile trend is expected. But closing shall be positive.

Monday shall be positive for Indian stock market.

Trading Range:

Nifty Fut: 6,040-6,090 (6,110 is major resistance. If cross 6,110 then can go up to 6,150+)

BUY:

  • HAVELLS
  • ESCORTS
  • COAL INDIA
  • RELIANCE INFRA

 

SELL

  • CANARA BANK S/L 409 TGT 392-390
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Mr. Rajeev prakash agarwal financial astrologer

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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