Today, weakness shall continue in Asian market, UK market. US market may recover from lower levels.  When US market recovers, you can add PUT OPTION around closing hour for S&P500 (for next week).

In next week, a big fall is expected in stock markets.

Today, Mars shall change house and enter in Taurus sign.

Below 23,300 you can short HSI with stop loss 23,460 for target 22,000. You can make 50% short today and 50% short tomorrow & hold position for next week.

VIEW ON PRECIOUS METALS

Precious metals opened gap down (as expected on 22^nd).

From noon, some recovery could be observed in precious metals.

Again in US hours, sharp fall is indicated.

Today’s Trading Range:

GOLD: 1,390-1,348(SELL ON RISE)

SILVER:22.70-21.75 (SELL ON RISE)

View on Base Metals:

Weakness shall continue in Base metals. You can short BASE METALS on rise.

Today’s Trading Range:

-COPPER: 335-328

View on Indian Stock Market:

Today, Indian stock market shall continue in weakness.

Tomorrow, some small recovery is possible. But in next week, any time, a sharp fall is indicated.  Nifty can go down to 5,800-5,600.

With a stop loss of 6,250 (on closing basis) you can make short position in Nifty. 50% of position to be made today and rest to be made tomorrow for target 5,800-5,600.

Today’s Trading Range:

NIFTY FUT: 6,120-6,040

In coming days, DLF can go below 200.. You can buy PUT OPTION(220) {-DLF JUNE}  for target 200-190.

You can buy SBI June month ‘s put option (2,100) with stop loss 2,400 (on closing basis).

You can make the position 50% today and 50% tomorrow in both the option trading strategy.

Bank Nifty below 13,460 can go down to 12,500 & below. You can make short position in Bank Nifty.

SELL:

• AXIS BANK
• DLF
• TATA MOTORS
• STATE BANK OF INDIA
• RELIANCE CAPITAL
• L&T
• BHEL
• GMR INFRA
• PUNJ LLOYD
• UCO BANK

BUY:

–          AB NUVO (S/L 1068 TGT 1090-1115)

–          BAJAJ AUTO