Market in red zone till next week

Amidst the US-Iran tension and Iraq concern, bullion is in it’s most bullish version. Gold is trading above 1600 as predicted. We clearly predicted this earlier and now the next target for Gold lies at 1623-1640. S&P500 dropped as per our prediction. Around Asian hours, S&P500 is trading around 3184. This downtrend in equities may continue for next week. However, you can cover short position in S&P500 at 3184 and switch to long position with S/L 3180 for tomorrow (target: 3235-3240). Around the target of long position, you can enter into short with S/L 3263. We hope that you enjoyed the free prediction on our website. Indian Stock Market Our lower target for Nifty has been achieved in Asian hours. We asked you to short at Indian indices at higher level earlier. It is advised to cover short position in indices at the opening and again wait for tomorrow to make short position at higher level. This Friday or next Monday-Tuesday, another significant drop is possible.