Market Timing & Short-Term Opportunities: Global Stock Indices

Global Stock Indices

UK  market shall have flat opening and bearish closing.

Yesterday, US market closed at a new high. Today, we expect a sharp fall in US market.

SELL S&P500 on higher level. If for any reason, US market doesn’t go down tonight then cover short position. As per astrology, it should fall today and tomorrow Asian market could have gap down opening.

VIEW ON PRECIOUS METALS

Weakness shall prevail in bullion for today as well.

By tomorrow’s morning, a sharp fall is indicated.

However, today bullion shall be range bound to volatile till 16.00 HRS (IST) and again sharp recovery is possible from 21.30 HRS(IST) to 23.00 HRS (IST).

Sell Gold & Silver on rise.

Today’s Trading Range:

GOLD:1,438-1,418-1,405

SILVER:23.75-23.20-22.90
View on Base Metals:
Weakness shall continue in Copper and other base metals.

Today’s Trading Range:

-COPPER: 332-328
View On Energy Products:
You can hold long position in NG with s/l 4.00.

Crude Oil is expected to be range bound for the day. You can short Crude Oil on higher levels.

Tonight, a sharp fall is indicated for Crude Oil.

Trading Range:

-CRUDE OIL:96.00-92.50

-NATURAL GAS: 3.98-4.06
Currencies:
EUR/USD can go down to 1.28000 by tomorrow.

You can sell USD-JPY with s/l 102.55 for tgt 101.30 & below.

Today’s Trading Range:

EUR/USD: 1.3000-1.2880

USD/INR:54.60-55.20 (BUY USD/INR at lower levels)

 
View on Indian Stock Market:
Today, Indian stock market shall have positive opening.

It shall be range bound to positive till 13.30 HRS (IST).

After 13.30 HRS (IST), again weakness is indicated.

Tomorrow, gap down opening is indicated.

Trading Range:

Nifty (FUT): 6,045-5,980

Bank Nifty (FUT): 12,640-12,420 (SELL ON RISE)

BUY:

–          ELDER PHARMA

–          GODREJ CONSTRUCTION

–          GLENMARK PHARMA

–          RCOMM

–          TATA MOTORS

SELL

–          Dr REDDY

–          RELIANCE CAPITAL

–          HDIL

–          DLF

–          JP ASSOC.

–          SBI

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