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The Road Ahead for Equities, Commodities, Currencies and Bonds
Global Equity Indices
Market couldn’t move up as our expectation in the last trading session. Yet with astrological indications, we are really hopeful of a feasible recovery for equity market. If market moves up / closes positive, this positive trend may last till next day’s opening.
Today, it is also Janet Yellen’s testify which may give out a positive result for the stock market.
In case it turns out to be negative, market will continue to be negative for some more time.
USE S/L of 1824 in S&P 500 FUT.
If it sustains above 1858-1860, it’ll bounce back to 1880+.
Use S/L of 8700 for long position in DAX.
PRECIOUS METALS
Bullion shall continue in bullish trend with volatility till 15th March 2016.
Maintain “buy on dips” strategy for precious metals.
Today as well, positive trend is indicated.
If it sustains above 1205 then it has chances to move up to 1222-1242.
Around 15.05-15.10, you can accumulate long position in Silver.
MCX traders shall note that 28600 is a major resistance level – if crossed, Gold could then move up to 29300. If Silver crosses 37700, it’ll move up to 39000.
Copper has major support at 1.98. With S/L below 1.98, long Copper. In a day or two, it’ll bounce back to 2.07-2.10.
CRUDE OIL
Crude oil shall also move up for today. The last eve’s low of 27.80 should be used as stop loss for making long position. Or On closing basis, you can use SL of 28.
It may bounce back to 32+.
NG
NG shall trade in mixed trend but overall positive.
EURO
Short EUR/USD with stop loss above 1.1350 for target 1.1150-1.1080.
USD/INR
Short USD/INR with stop loss 68.35 for target 67.60 and below.
DOLLAR INDEX
Buy Dollar index with s/l 95. In 1 – 2 days, it’ll move back to 97.
US TREASURY BONDS
Hold US 10 YEAR Treasury with S/L 1.65 and US 30 YEAR Treasury with S/L 2.45.
INDIAN STOCK MARKET
Indian market shall have gap down opening. Use S/L of 7200 in Nifty Fut and 14,700 in Bank Nifty. If these levels are breached, it’ll be a panic. However, if the market closes positive today, next day shall be again positive.
BUY ON DIPS:
– ENGINEERING INDIA LIMITED
– BHARAT FORGE
– SCI
– RAMCO
– DEEPAK FERTILIZER
SELL:
-CENTRAL BANK OF INDIA
-BHARTI INFRA
-UCO BANK
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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