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Positional Traders: When to Long Bullion for Big Target
Stock Markets Around the globe
Today, global markets shall be volatile to positive.
BOOK 50% PROFIT IN S&P500 SEPT FUT @ 1,975-1,978.
BOOK 50% PROFIT IN DOW FUT @ 16,996-17,020.
AND HOLD THE REST 50% IN BOTH INDEXES.
Stock market is overall positive till the next day.
From next day’s US opening to 17th July 2014, a sharp correction is expected. Again from 18th July 2014, positive trend is expected.
Again on 21st, a correction is expected.
TRADING RANGE:
-DOW FUT: 16,950-17,040
-S&P500 FUT(SEP): 1,968-1,978
-NASDAQ FUT(SEP): 3,910-3,945
-FTSE FUT: 6,660-6,720
-CAC FUT : 4,330-4,360
-DAX FUT: 9,740-9,820
-HANG SENG:23,250-23,560
-AEX:402-407
PRECIOUS METALS
Last day, bullion experienced a sharp correction
For today and tomorrow, we are uncertain about trend of bullion.
Pressure may be seen owing to Fed chairman’s speech.
17th and 18th July 2014 are expected to be positive for bullion.
On 21st July 2014, a sharp correction may come up.
In next week’s correction, GOLD could drop to 1,280-1,250 while SILVER could drop to 20.10-19.50.
Positional traders are advised to long 50% at next day’s US-mid session and for rest of position, they must wait for 21st July 2014.
Today, if Gold doesn’t breach 1,302 then could go up to 1,315-1,320 in 1 -2 day.
If Silver doesn’t breach 20.78 then it can go up to 21.20.
Intra-day traders can make long position in GOLD, SILVER with strict stoploss of 1,301, 20.78 respectively.
ALERT: If Gold breaks 1,302 then Gold could drop to 1,280.
If Silver breaks 20.78 then Silver could drop to 20.50 & below.
However, our analysis makes us feel that these levels shouldn’t be breached. But you should maintain the mentioned stop loss strictly.
TRADING RANGE:
-GOLD : 1,302-1,314
-SILVER:20.82-21.15
INDUSTRIAL METALS
Copper shall be supportive.
Trading Range:
-COPPER:3.23-3.26
ENERGY PRODUCTS
CRUDE OIL
Crude Oil shall be supportive.
You should book profit in crude today as from next day, it may turn range bound.
NATURAL GAS
Mix trend is expected.
Buy NG@ lower level with stop loss 4.05.
Trading Range:
-CRUDE: 101.50-102.50
-NG: 4.10-4.20
CURRENCIES
EURO
SHORT EUR/USD @ higher level.
INDIAN RUPEE (USD/INR)
Sell USD/INR at higher level.
DOLLAR INDEX
Dollar Index shall trade positive for this week. Around 80.00, add long position. In this week, dollar index can go up to 80.80-81.00.
TRADING RANGE:
– EUR/USD: 1.3640-1.3580
-USD/INR(SPOT):60.20-59.80
-DOLLAR INDEX: 80.10-80.40
US 10 YR-TREASURY BOND
Sell bonds at higher level.
TRADING RANGE:
-US 10 YR T BOND: 2.53-2.58
INDIAN STOCK MARKET
Today, Indian market shall be volatile to positive.
For next day as well, trend shall be supportive but in 2nd half, pressure may be observed in the market.
On 17th, a sharp correction is expected in bullion.
On 18th, positive trend is expected.
Bank Nifty is expected to be stronger than Nifty.
TRADING RANGE:
-NIFTY FUT: 7,440-7,550
-BANK NIFTY:14,400-14,800
BUY ON DIPS:
-RELIANCE CAPITAL
-YES BANK
-TATA STEEL
-DLF
-TATA MOTORS
-FEDERAL BANK
-KTK BANK
-ONGC
-INFOSYS (S/L 3160 TGT 3275-3320)
Updated on 7/15/2014 7:41 AM|
Authors: – Rajeev Prakash Agarwal,
Shashi Prakash Agarwal
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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