Prediction for Bullion, Energy, US

Global Stock Indices:

Today and tomorrow, Asian market shall be highly volatile but overall positive. Tomorrow, again weak opening is expected.

UK market shall be volatile to positive but profit booking may be observed at closing hours.

US market shall open positive and overall trend shall be volatile to positive.

Tomorrow, negative opening is indicated for US market.

Today’s Trading Range:

  • DOW (FUT):15,320-15,392
  • S&P500 (FUT): 1,646-1,658 (This week, S&P500 can go up to 1,680)
  • NASDAQ (FUT):2,992-3,015
  • FTSE (FUT):6,680-6,745
  • CAC40 (FUT):4,020-4,055
  • DAX (FUT):8,470-8,540
  •  HANG SENG (FUT):22,650-23,050
  • NIFTY (FUT): 6,045-6,130

VIEW ON PRECIOUS METALS

Highly volatile trend is expected in precious metals during day session. Today, again heavy volatility is expected. After US opening, bullion shall fall.

But tomorrow, some recovery is possible.

Sell bullion on higher level.

Today’s Trading Range:

GOLD:1,398-1,365

SILVER: 22.85-21.90

View on Base Metals:

Sell base metals on higher level.

Today’s Trading Range:

-COPPER:333-328

View On Energy Products:

Sell Crude Oil on higher level.

NG shall be highly volatile. Some recovery is indicated from lower levels.

Today’s Trading Range:

-CRUDE OIL: 95.75-93.40 (SELL ON HIGHER LEVEL)

-NATURAL GAS: 4.15-4.20

Currencies:

Buy EUR/USD on lower levels and hold for tomorrow.

Tomorrow, Dollar Index shall go down any time. As a result of this, EUR/USD shall go up and USD/INR shall go down.

Today’s Trading Range:

EUR/USD: 1.2820-1.2950

USD/INR (SPOT):56.20-55.70 & BELOW

 

View on Indian Stock Market:

Today and tomorrow, Indian stock market shall be highly volatile but overall positive.

Buy Nifty Fut with stop loss 6,038 for target 6,130+.

Buy Bank Nifty Fut with stop loss 12,720 for target 12,950+.

Please note that tomorrow, bearish opening is possible. But overall market could be positive.

BUY ON DIPS:

  • ESCORT INDUSTRIES
  • SBI S/L 2120
  • HAVELLS
  • HCL TECH
  • TATA STEEL
  • HERO MOTOCORP
  • TATA COMMUNICATION
  • SYNTEX
  • ICICI BANK

(Updated at : 29/05/2013 7:23:15 AM (IST))

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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash