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Prediction turned out to be true. What’s next in store for the precious metals and stocks
Global Stock Indices:
As said in the weekly newsletter, gap down opening was seen in Asian market. After gap-down opening, highly volatile trend is expected. Overall trend shall be bearish. For tomorrow, the opening shall be positive in Asian market.
UK market shall have gap down opening. Closing shall be flat to positive.
US market shall have positive opening and closing as well. US market shall remain positive for the next day as well.
Today, you can buy S&p500 around 1,790-1,795.
Today’s Trading Range:
DOW(FUT):15,950-16,050
S&P500(FUT):1,792-1,805
NASDAQ(FUT):3,470-3,495
FTSE100(FUT):6,570-6,610
CAC40(FUT):4,250-4,290
DAX(FUT):9,370-9,430
HANG SENG (FUT):23,750-24,000 (BUY HSI AT CLOSING HR FOR TOMORROW)
NIFTY(SPOT):6,250-6,180
PRECIOUS METALS:
As said the previous day, precious metals had a sharp correction. Today, highly volatile trend is observed. Between12.00-14.30 HRS (IST), a recovery is indicated in precious metals. Between 15.00-17.00 HRS (IST), a sharp correction is indicated. From 20.00 HRS (IST), a ‘strong’ recovery can come up in precious metals. If a strong recovery is observed then this recovery shall continue for tomorrow as well.
TODAY’S TRADING RANGE:
GOLD:1,212-1,245
SILVER:19.10-19.60
View on Base Metals:
Base metals shall follow bullion’s trend.
Today’s Trading RANGE:
Copper:3.13-3.20
View On Energy Products:
CRUDE OIL
Crude Oil shall trade both sides.
NATURAL GAS
NG shall have mix trend.
Today’s Trading Range:
CRUDE: 94.60-92.50
NG: 4.00-3.92
Currencies:
EUR/USD shall trade in both sides. However, sharp up move shall be seen from 20.00 HRS (IST). Buy EUR/USD at lower level and sell EUR/USD at higher level.
It is recommended to short DOLLAR INDEX on higher level around US hours.
TODAY’S TRADING RANGE:
EUR/USD: 1.3500-1.3610
USD/INR(SPOT): 62.30-62.80
DOLLAR INDEX:81.10-80.70
View on Indian Stock Market
Today, Indian stock market shall have gap down opening.
A recovery is seen with volatility between 12.00 and 14.00 HRS (IST). And then from 14.00 HRS (IST), bearish trend is expected. Market shall be positive tomorrow.
Trading Range:
NIFTY- 6,250-6,180
BANK NIFTY: 11,400-11,050
SELL ON RISE:
DLF
YES BANK
RELIANCE CAPITAL
HIND PETRO
BUY ON DIPS:
L&T
CAIRN INDIA
BHEL
TATA STEEL
KTK BANK
ABB
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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