Predictions for week : 16th to 20th March 2015

GLOBAL STOCK INDICES

This week shall be overall positive. It is advisable to maintain “buy on dips” strategy from Tuesday. From Wednesday, market shall shoot up. This upward move shall last till 20^th March 2015. On 20^th March 2015, profit booking is expected at higher level.

Overall, market is positive till 25^th March 2015. Any time between 25^th March & 2^nd April 2015, a sharp fall is indicated (especially on 29^th, 30^th, 31^st March, 1-2 April) in global equity indices.

In the current week (16-20^th), Monday is expected to be range bound to mix trend. On Tuesday, positive trend is expected.

On Wednesday, markets shall shoot up which would continue till Friday.

Lower level for S&P500 in this week: 2,030

Higher level for S&p500 in this week: 2,080

Maintain “BUY ON DIPS” for this week.

In this week, oil & gas, energy, information technology, auto sector shall be positive.

You are advised to long S&P500 next day.

PRECIOUS METALS

In last week, Gold made a low of 1,146 while Silver made a low of 15.25. Gold closed at 1,157 & Silver closed at 15.62 last Friday. Monday & Tuesday are expected to be highly volatile to slightly bearish.  By tomorrow, Gold can again drop to 1,145 while Silver can drop to 15.25.

From 18^th March 2015, it is expected to move up, which would continue till 19^th’s US closing / 20^th’s 10.30 HRS (IST).

Strategy for this week:

-You are advised to skip trading till 18^th March 2015.

-Buy Gold & Silver on 18^th March 2015 and book profit by Thursday’s US closing / Friday’s Asian opening (10.30 HRS IST).  There itself, you can build short position in bullion. On 20^th, a sharp decline is indicated after 10.30 HRS IST. This sharp fall shall continue with ups & downs till the end of month.

INDIAN STOCK MARKET

Indian market shall have negative opening. From 11.00 HRS IST, it shall move up. Overall, trend is expected to be mixed for the day.

From next day & till 20^th March 2015, trend shall be positive. Maintain “buy on dips” strategy for Indian equities.

Between 25^th March and 2^nd April 2015, there are chances of a sharp fall in Indian market. Kindly be alert about this.

TRADING RANGE:

-NIFTY FUT: 8,600-8,750

-BANK NIFTY: 18,800-19,200

BUY ON DIPS:

-RELIANCE INDUSTRIES

-BHARAT FORGE

-JSW ENERGY

-MARUTI

-M&M

-ASTRA MICRO FINANCE

-APOLLO HOSPITAL

-CENTURY TEXTILES

-GLENMARK PHARMA

-AUROBINDO PHARMA

-BIOCON

Trading Range & Trading LEVELS:: ONLY FOR MEMBERS