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Precious Metals to move up; Fall due in bullion
Global Stock Indices
Today, Moon is positioned with Ketu. Market shall be highly volatile and slightly bearish for today and next day.
Friday onwards, markets shall recover.
US market shall move up from Friday. Bullish trend is expected to start from 10th November 2014.
PRECIOUS METALS
It shall be supportive for today and next day. We expect bullion to move up.
You are advised to exit from long position in bullion by next night as a sharp fall is due in bullion between 7th and 11th November 2014. There itself, when you’ll cut long position, you can make short position for next week.
ENERGY PRODUCTS
CRUDE OIL
Crude Oil made a low of 76.30 last day.
Technically, a bounce back is expected. You can long crude with stop loss 76.00.
NATURAL GAS
NG shall trade in bullish trend.
CURRENCIES
EURO
EUR/USD shall take support for the next 48 hrs.
You are advised to book 50% profit in long position at 1.2560. If EUR/USD drops, you can buy back the long position.
INDIAN STOCK MARKET
Indian market shall trade in a highly volatile trend. Closing may be bearish.
TRADING RANGE:
– NIFTY FUT:8,400-8,300
– BANK NIFTY:17,250-17,000
BUY:
– HIND PETRO
– IOC
– BPCL
– SYNTEX
– JAIN IRRIGATION
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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