Market Timing Strategies: Global Equity Indices & Trading Insights

Global Equity Indices

Today, Jupiter is moving from Leo to Virgo for a period of 13 months. Scorpio Moon which starts today at 11.10 AM will continue until next day. The period of Scorpio Moon requires more of your attention while trading.

The market may behave slightly positive for the day.

The next day, a declining trend shall be observed.

On the 13^th, Saturn shall turn direct and shall form a conjunction with Neptune.

On the 24^th, the Saturn-Mars conjunction is being formed.

On 1^st September, it is a solar eclipse. In the next 10 days, it may bring a slow-down in global equities that may drive S&P500 down by a considerable value.

18^th onwards, this effect may be observed – so you are advised to either make short position at higher level in S&P500 or long put options.

PRECIOUS METALS

Gold and silver made a top in the previous trading session. Here onwards, it shall continue with volatility. Gold Dec Fut can drop to 1320 or lower while Silver can drop to 19.00 by Monday.

From 16^th August 2016, bullion shall turn positive.

Monday shall be a bearish day for precious metals.

INDUSTRIAL METALS
Copper shall bounce back. From 16^th, highly bullish trend shall be observed. Hence, maintain “buy on dips” strategy for Copper.

CRUDE OIL

From 16^th of August, upward trend shall stat in crude – which may continue till October 2016.

NG

NG has made its bottom for now. It shall remain upward till Monday.
EURO
Short EUR/USD at higher level. It shall remain negative till Monday.
USD/INR
USD/INR can move up to 67.50. With S/L of 66.50, maintain long position in USD/INR.
DOLLAR INDEX
Dollar index shall move up from Monday.
US Treasury Bonds
Maintain “sell on rise” strategy for treasury bonds.
INDIAN STOCK MARKET
Indian market shall be volatile to bearish till 15.00 HRS IST and then it may experience short covering.

TRADING RANGE:

NIFTY AUG FUT: 8650-8550

BANK NIFTY AUG: 18800-18500

BUY ON DIPS:

• LUPIN S/L 1528 TGT 1590
• BHEL S/L 134 TGT 144
• MOTILAL OSWAL
• GM FINANCIAL

SELL:

• ASIAN PAINTS
• BANK OF BARODA
• AXIS BANK

You can buy a put option in Bank of Baroda for target 150.

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