High Volatility Trading Signals: Global Indices, Bullion

High Volatility Trading Signals : Global Equity Indices

In the previous session, US market saw S&P500 trading at high of 2728 and then dropping to 2706.

Today, a big move is possible.

It is the Saturn-Moon & Moon-Venus conjunction, today.

Non-farm payroll announcement is due today.

US Market will first decline due to Moon-Saturn. In the second half, market will recover.

Around 2700-2705, you can cover short position in S&P500 and enter into 50% long position. Around 2680, you can add 50% long position in S&P500.

Around 2728-2730, you can book 50% profit in S&P500.

However, if S&P500 reaches 2728 before declining then you can add short position there with S/L 2743.

In the next week, the market is positive until Tuesday. From Wednesday to Friday, it’ll turn negative.

PRECIOUS METALS

Bullion has potential to move up in today’s session. Next week is also positive. You can long Gold August contract – 50% @ 1303 and 50% @ 1295 with S/L 1287 for target 1309-1328.

You can also long Silver July contract – 50% @ 16.20-16.30 with S/L 15.90. Hold existing long position as well.

CRUDE OIL

It is advised to hold the short position in crude oil (we made you short crude @ 68). On Monday as well, the market is going to be weak. It is advised to book 50% profit @ 66.00 and hold rest for target 65.

NG

It is advised to book 50% profit in NG@ 2.88 (short position was made at 2.98). Hold the remaining position for next week.

EUR/USD

With S/L of 1.1750, hold short position in EUR/USD.

USD/INR

We advised you to buy USD/INR @ 67.30 in the previous session. It is advised to hold long position for target 67.80-68.20.

DOLLAR INDEX

It is advised to cover short position @ 93.50 and enter into long position for target 95.

GBP/USD

It is advised to short GBP/USD @ 1.3300 with S/L 1.3350 for target 1.3220.

USD/JPY

It is advised to make 50% short position in USD/JPY @ CMP (109.05) and rest @ 110.00 for target 108.

US TREASURY BOND

Bonds (US 30 YR): In the previous session, we asked you to short bonds @ 145. Around 143.50, you can book 50% profit and hold rest position for target 141.

Yield: It is advised to hold the long position in yield.

Bitcoins & Ripple

It is advised to hold long position in BTC/USD and RPX/USD. In next 3 months, we expect BTC/USD to cross 10,000 and RPX/USD to cross 1.00.

INDIAN STOCK MARKET 

Indian market traded as per our prediction in the previous session. It closed bullish with Bank Nifty being more positive.

Today, it is the conjunction of Moon-Saturn and Moon-Venus which will invoke High Volatility with weakness till 14.15 HRS IST. In the closing hour, market will recover and turn positive. Closing would be positive.

Next Monday and Tuesday are also positive. However, opening on Monday can be slightly flat to negative.

SEBI has postponed the regulation of additional upfront margin requirements for derivatives by one month.

With S/L 10750, short Nifty and hold only till 14.15 HRS IST. Cover this short position around 10650 and enter into long position. 50% profit in this trade should be booked by closing and hold rest position for next week.

TRADING RANGE:

• NIFTY FUT: 10650-10750
• BANK NIFTY FUT: 26500-26900

Nifty has support at 10600 and resistance at 10760 while Bank Nifty has support at 26500 and resistance at 26900.

BUY ON DIPS:

• HERO MOTOR
• ASHOK LEYLAND
• GM BREWERIES
• BAJAJ AUTO
• BRITANNIA

SELL AT HIGHER LEVEL:

• TATA STEEL
• L&T
• ONGC
• VEDANTA

We currently have STBT in following stocks:

• TATA STEEL
• L&T

S/L & TGT ONLY FOR MEMBERS.

Important Note: We are set to increase the subscription fee by 30% from 5th June 2018.