PREDICTION TURNS OUT TO BE CORRECT!

Stock Markets Around the globe

Today, the market is expected to trade in volatile to bearish sentiment. Minor recovery is indicated in the last 30 minutes of Asian hours. Monday as well, Asian market shall be bearish.

UK market shall also be volatile to bearish.

We had asked to book profit in S&P500 @1,875-1,880 and there make short position last day.

The short position you made last day shall be booked 50% @ 1860-1855 and hold rest for Monday.

Today, US market may experience a major fall.

PRECIOUS METALS

Today, bullion is expected to trade in positive sentiment.

After US opening, a sharp bounce back may be seen.

 

You are advised to book profit in 50% of position at higher level today itself and hold the rest 50% position for Monday.

TRADING RANGE:

GOLD :  1,285-1,315+

SILVER:19.05-19.75+

CURRENCIES

EURO

Last day, EUR/USD touched 1.3990 as per our prediction.

You are advised to buy EUR/USD @ 1.3820-1.3840 with s/l 1.3800 and hold for target 1.3900+.

INDIAN RUPEE (USD/INR)

USD/INR shall be in tight range owing to the election’s result.

Long USD/INR with stop loss 59.80.

After election result, USD/INR shall trade in positive direction.

DOLLAR INDEX

 

Sell Dollar Index on rise.

US TREASURY BOND

Last day, bond traded highly positive.

You are advised to book profit in long position.

Before US opening, if there’s any dip, you can long bonds. After US opening, it shall again trade in positive mode.

 

INDIAN STOCK MARKET

Today, Indian market shall be volatile to bearish.

Hold NIFTY FUT SHORT POSITION with stop loss 6,785 for target 6,600 & below.

Monday as well, Indian market shall trade in weak trend.

HOLD BANK NIFTY SHORT with stop loss 13,300 for target 12,500.

TRADING RANGE:

-NIFTY FUT: 6,720-6,620

– BANK NIFTY: 13,200-12,800

BUY PFC WITH S/L 192 FOR TGT 210.

 

#The effect of election’s result will be covered in the next weekly letter.