What’s next? Can S&P500 retest low?

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Global Stock Indices

As expected, global markets shall be weak.

Asian market shall also open weak next day.

S&P500 can retest the previous low of 1830.

Wait for next day to accumulate the long position. Next day, market shall open weak and turn positive.

This trend shall continue on Friday and Monday.

TRADING RANGE: ONLY FOR MEMBERS

PRECIOUS METALS

Bullion shall be positive for the day especially from 17.00 HRS IST. This shall continue for next day.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be positive for the day.

NG

NG shall be range bound for the day but positive for next day.

US 10 YR TREASURY BONDS

Bonds shall move up for the day.

CURRENCY PAIRS

(EURO)EUR/USD:

It shall move up for the day. It can bounce back to 1.1700.

USD/INR

Buy USD/INR on dips.

DOLLAR INDEX

Dollar index shall drop.

INDIAN STOCK MARKET

Indian market shall be weak with volatility.

Wait for next day to make long position as market can open weak next day.

TRADING RANGE:
NIFTY FUT :7900-7700 & BELOW

BANK NIFTY: 17300-16600

Stay away from making long position today.

You can short following stocks-

  • YES BANK
  • DLF
  • CENTURY TEXTILE
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Mr. Rajeev prakash agarwal financial astrologer

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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