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A part of weekly newsletter is here for review
(Sent to our customers @ 21.45 HRS IST- 6 APRIL 2014)
International Stock Indexes
Last Friday, we had said that S&P500 would reach higher levels and crash as well. The prediction turned out to be true.
S&P500 JUNE contract made a high of 1,893 and closed at 1,861. The high for month of April for S&P500 has been achieved. We do not expect S&P500 to cross its high in short term.
Any time before the end of April 2014, S&P500 could experience a sharp fall.
Around 18th – 20th May 2014, a sharp fall is expected in stock market.
On 7th and 8th April 2014, stock market shall trade negative for stock market. While the night of Wednesday, you shall observe recovery from mid-session. On Thursday, market shall trade positive. However, it could again witness profit booking on Friday.
On Monday, market could experience weakness. Recovery could be seen around US opening.
From Tuesday’s UK opening, market shall again be negative.
From Wednesday’s mid-session, market shall recover.
On Thursday, market shall trade bullish.
On Friday, profit booking could be seen at higher levels. Closing shall be in downward direction.
SELL S&P500 on rise and hold up-to Wednesday.
On Wednesday, you are advised to long S&P500 and book profit on Friday at higher levels. And there itself, make short position in S&P500 and hold for next week.
Lower Range for S&P500 this week: 1,836-1,832.
Upper Range for S&p500 this week: 1,875.
Week beginning from 14th, shall be more about weak trend in the stock market. You are advised to hold short position as by April end, S&P500 could drop to 1,780-1,760.
Asian market shall be in weak trend till Wednesday.
Thursday and Friday shall be positive for Asian market.
UK market shall trade in weak trend for Monday and Tuesday while it shall experience positive trend around Wednesday, Thursday and Friday. On Friday, profit booking shall be experienced at higher level.
PRECIOUS METALS
Bullion has already made its low last week.We do not expect the lower levels to be breached in this week.
Any time by 27th April 2014, bullion shall experience a highly bullish trend. In this time frame, GOLD may cross 1,380 while SILVER may cross 22.00.
In this week, GOLD shall be volatile to positive till Wednesday.
On Thursday and Friday, profit booking is expected.
Your strategy should be to “BUY BULLION ON DIPS”.
You are advised to hold long position for next week.
From Monday’s UK opening, Silver shall be more bullish than Gold.
ENERGY PRODUCTS
CRUDE OIL
Crude Oil shall be volatile to positive till 9th April 2014.
From 10th April 2014, Crude Oil shall be bullish up to 16th April 2014.
On closing basis, hold Oil with stop loss $99/bbl for target $106/bbl.
INDIAN STOCK MARKET
Indian market shall trade negative on Monday.
On Wednesday, Indian market shall witness positivity.
On Thursday, it shall trade in positive direction.
However around Friday, it shall experience profit booking at higher level.
On Monday, opening is expected to be bearish.
From 14.00 HRS IST, some recovery could be observed.
Please note that Tuesday is a holiday for Indian market.
On Wednesday, market shall open negative.
Your strategy should be to “sell on rise” for NIFTY & BANK NIFTY.
Integrate Market Timing in your Portfolio
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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