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Astrodunia

 

Major events: FOMC meeting on 14th December 2016 in context with interest rate. Janet Yelen’s words will drive the market.

Planetary conditions this week:

Moon shall be in Taurus-Gemini-Cancer for the current week. Mars has entered Aquarius on 11th December 2016. On 13th, it is the full moon.

GLOBAL EQUITY INDICES

Market can move from positive to negative direction on Monday. On Tuesday-Wednesday, upward trend may be observed but it is not a clear view. Post FOMC, market shall decline. Weekly close may happen at lows. In next week, Mercury is retrograding on 19th of the month. In the current and next week, there is a considerable downside risk.

Technically, US market looks bullish on daily, weekly and monthly charts but overbought as well. Market shall start to decline from 11.15 AM IST.

Technically if S&P500 sustains above 2261, it can jump up to 2275-2297.

On the other hand, if it breaches 2242-2239 then it can drop to 2206-2186.

Intraday traders can short S&P500 with S/L 2265.

TODAY’S TRADING RANGE: * March Fut

DOW (FUT): 19820-19680

 

S&P 500 (FUT): 2264-2240

 

NASDAQ (FUT): 4920-4860

 

FTSE (FUT): 6935-6870

CAC( FUT): 4780-4700

DAX(FUT): 11220-11120

AEX(jan FUT): 472-462

HENG SENG (FUT): 22900-22650

PRECIOUS METALS

TODAY AND TOMORROW, GOLD & SILVER S POSITIVE BUY WITH SL 1150 & SILVER SL 16.50 TGT 1178-1180 ABOVE 1181 TGT 1198 & SILVER TGT 1720 ABOVE 17.20 TGT 17.50

For today and tomorrow, bullion shall be positive. You can long Gold with S/L 1150 and Silver with S/L 16.50 for target 1178-1180 (ABOVE 1181 TGT 1198) and 17.20 (ABOVE 17.20 TGT 17.50) respectively.

On Wednesday, we do not have a clear view to offer – it can either sides.

Post FOMC on Thursday, bullion shall move in positive direction as per astrology. Friday’s weekly closing shall be at higher level.

In next week, bullion shall be bullish.

INDUSTRIAL METALS

Copper, Zinc, Nickel and Lead shall be positive on Monday-Tuesday. On Wednesday, it can decline. On Thursday-Friday, it shall be again positive. Weekly closing shall be at higher prices. Copper is positive on a medium term perspective till first week of January 2017.

CRUDE OIL

Crude oil shall close in positive for the day. It can jump up to 54.50-55.00. You are advised to book 50% profit at 53.80-54.00.

At medium term perspective, crude is positive until first week of January 2017.

NG

NG shall decline for the day. It can drop to 3.40 -3.20 in the current week.

You should book 50% profit at current market price (as of 08.07 AM IST)

 

EURO

Hold EUR/USD with S/L 1.0500 for TGT 1.0700+. Post FOMC, EUR/USD will rise.

DOLLAR INDEX

Dollar index can again decline for once. On Thursday, it shall again decline. Post FOMC, it shall again decline. Weekly closing can be below 100.

US TREASURY BONDS.

Bonds shall try to move up for the day but the trend doesn’t seem to be clear. It is advisable to wait for FOMC to accumulate long position in treasury bonds. Post FOMC, bonds shall move in positive direction.

TRADING RANGE:
US 10 YR TREASURY: 2.50-2.40

US 30 YR TREASURY: 3.20-3.05

INDIAN STOCK MARKET

Indian market shall decline from 11.15 HRS IST. With volatility, it shall move in negative direction. Closing can be bearish.

Next day, market may behave positive. On Wednesday, it shall trade mixed to negative. On Thursday-Friday, market shall again decline.

Technically, if Nifty sustains above 8312, it can jump up to 8355-8380. On the other hand, if it breaches 8260 then the door to 8200-8155 opens up. Bank Nifty above 18800 has potentials to move up to 18866-18955. On the other hand below 18600, Bank Nifty can decline to 18500-18300.

Stocks supportive for current week:

  • CEAT TYRES
  •  APOLLO TYRES
  • MARUTI
  • M&M
  • TATA MOTORS
  • HERO MOTOCORP
  • HUL
  • CENTURY TEXTILE
  • ACC
  • INDIA CEMENT
  • DELTA CORP S/L 110 TGT 120

 

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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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