Currencies and Indian stock market for 3rd June 2014

Market Analysis,

CURRENCIES
EURO
EUR/USD shall be in tight range for today.

From Wednesday (viz. next day), EUR/USD shall shoot up.

With a stop loss of 1.3570, hold long position in EUR/USD.

INDIAN RUPEE (USD/INR)

Buy USD/INR on dips.

DOLLAR INDEX

Sell Dollar Index on rise.

TRADING RANGE:

EUR/USD: 1.3600-1.3650

USD/INR(SPOT): 58.80-59.35

DOLLAR INDEX: 80.75-80.50

INDIAN STOCK MARKET
Today, a volatile to positive trend is expected for the Indian stock market.

Technically, NIFTY is weak only below 7,310 and bullish only above 7,380

Bank NIFTY is weak only below 15,100 and bullish only above 15,350.

TRADING RANGE:

NIFTY FUT: 7,280-7,420

BANK NIFTY:15,100-15,400 AND ABOVE

BUY ON DIPS:

NTPC

BANK OF INDIA

RPOWER

DLF

IVRCL

TATA STEEL ABOVE 490.00 SHALL GO UP TO 515

GMR INFRA

RELIANCE CAPITAL ABOVE 575 SHALL GO UP TO 615-620

SESA STERLITE

IDBI BANK

RENUKA SUGAR

ABAN OFFSHORE

L&T

BIOCON

About Rajeev Prakash

Rajeev Prakash is the founder and CEO of AstroDunia. He is a financial astrologer with over 20 years of experience. Shashi Prakash Agarwal is an experienced market timing expert with 12 years of experience in the field. He holds an MBA in Finance from NMIMS Mumbai and an engineering degree in Computer Science. This unique combination of education and experience gives him a unique perspective on financial markets, as well as the ability to analyze market data using advanced computational tools and techniques. Throughout his career, he has demonstrated a deep understanding of financial markets and market analysis, with a proven track record of success in his field.

Prakash is a leading expert on the use of astrology to predict market movements. He has written several books on the subject, and he is a frequent speaker at financial conferences. Prakash is also a regular contributor to financial publications.