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Market Outlook on 17th January 2013 : Profit booking in Oil
Global Stock Indices:
Today, all Asian markets are positive and shall have positive opening. Rise to be seen after opening.
But again profit booking is indicated at closing hours.
UK market shall be volatile to positive while US market shall also remain volatile to “bullish”. Tomorrow as well, we expect global stock indices shall open in positive or bullish trend.
Trading Range (17th January 2013) : ONLY FOR MEMBERS
US Stock Market (Stock-wise):
HOLD YOUR EXISTING POSITIONS TILL OUR NEXT UPDATE.
Precious & Industrial Metals:
Today, bullion shall be highly volatile.
But it shall be overall positive till tomorrow.
Copper & other base metals shall be volatile to positive from UK opening.
This shall continue till tomorrow.
TRADING RANGE (17th January 2013):
- GOLD:1,673-1,685 (If cross 1,686 then can go to 1,702)
- SILVER: 31.10-31.60 (If cross 31.60 then can go up to 32.20)
- COPPER: 360.00-365.00
Energy Products:
Today, profit booking can be seen on higher levels in Crude Oil. You must book profit in Oil and short sell Oil at higher levels.
Natural Gas is positive for the day.
Trading Range (17th January 2013)
- CRUDE OIL: 94.80-93.00-92.50
- NATURAL GAS: 3.31-3.48
Currencies:
Trading Range (17th January 2013):
- EUR/USD:1.3250-1.3380
- USD/INR (SPOT):54.45-54.90
Indian Stock Market:
Today, Indian stock market shall have positive opening. Rise shall be seen after opening.
Again profit booking can come after 12.30 HRS (IST). Book profit in your long positions around 12.30-13.00 HRS (IST).
Profit booking can be possible at higher levels.
Tomorrow opening is positive. And hence you can buy back at today’s closing.
| RECOMMENDATION | STOCK | STOP LOSS | TARGET |
| BUY | BILT | 22.20 | 24-25 |
| BUY | RCOMM | 80.00 | 84.00-85.00 |
| BUY | ULTRATECH CEMENT | 1858.00 | 1960-1972 |
| BUY | JP ASSOCIATE | 91.00 | 95.00-96.00 |
| BUY | GODREJ PROPERTIES | 619.00 | 644.00 |
BUY: ASHOK LEYLAND, DR. REDDY, RIL, BPCL, HPCL,
SELL: MARUTI, ONGC, CAIRN INDIA
(Updated at : 17/01/2013 7:52:42 AM (IST))
Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.
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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