Sharp fall in global stock market next week

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PRECIOUS METALS

Gold touched 1105 and Silver touched 14.92. A trend reversal was seen from here.

From this point onward and till 3rd August (+/- 1 day), bullion shall continue to fall.

You are advised to stay away from bullion.

Long term bullishness shall start in bullion from 4th / 5th August 2015.

By then, market can experience correction.

You should hold GOLD & SILVER PUT OPTIONS till 3rd August 2015.

It is broad range day.

Strategy shall be : sell ‘bullion’ on rise.

TRADING RANGE:

  • GOLD : 1085-1073
  • SILVER:14.80-14.40

GLOBAL STOCK INDICES

Global markets shall be uncertain for some time. Uncertainty shall continue for next week.

This fall may last till 4th August 2015. If recovery is observed, you can make short position at higher level.In coming days, a further decline of 5 to 6% could be observed.

If S&P500 re-tests 2110-2115, you can add short position / buy put options.

INDIAN STOCK MARKET

Indian market shall be uncertain for the day.

TRADING RANGE:

  • NIFTY FUT:8500-8650
  • BANK NIFTY:19150-18800

BUY ON DIPS:

  • ALSTOM INDIA S/L 810 TGT 835

SELL:

  • BHEL S/L 290 TGT 250 (POSITIONAL)
  • OBC S/L 177 TGT 163
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Mr. Rajeev prakash agarwal financial astrologer

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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