A special message on Mr Rajeev’s birthday

Message from Rajeev Prakash:

Today, I have completed 56 years of existence and will enter my 57^th year. Born into a middle-class business family, built career as a writer, journalist and author prior to entering the field of astrology. At the age of 20, started to learn astrology on my own. And in the next 5 years, pursued astrology as a hobby. At the age of 30 years, started making predictions for financial markets. The financial crisis of 2008 (and the two lower circuits in Indian market) was one of our landmark predictions which were published in leading newspapers of India.   Several political and financial forecasts are a milestone. One of them was the victory of Modi in 2014 as the Indian PM and the victory of Trump in 2016. In the yearly letter, I mentioned that a major financial crisis is again possible in 2020.

I along with my team received a lot of appreciation and affection from our audience. AstroDunia was started in 2004; was originally catering Indian clients and then scaled to global markets within a short span. I have been writing Annual Letter for global markets since 2011. One significant prediction was USD/INR to cross 69 while it was trading at 58.

If people ever face issues in life, astrologers recommend gemstones or expensive remedies. With our astrology show, I tried to communicate the fact that you as an individual are more powerful than gemstones if you improve on your weakness. Any unfavorable planet gives you negative vibes and people often end up taking wrong decisions which result in losses or consequences.

If we are able to identify these negative vibes and control our emotions to effectively optimize the working style, life will be an easier game.

There are a few important things all of us need to keep in mind:

• Honesty
• Strong character
• Collective thinking
• Helping people weaker than yourself

If we are able to implement the above characteristics then even negative effect of planets will convert to positivity. And then, we will be truly successful.

Due to my birthday today, our team will be unavailable for live trading signals in the evening session (US opening).

There was a special offer that was made on this occasion which is valid until 23.59 HRS (21-SEPT-2018). For details, call +91-9301717647 or email [email protected]. Pay for 3 months of service and get 5 months. 

GLOBAL STOCK INDICES

US market remained strong in the last trading session. S&P500 Dec contract made a high of 2942 while DOW Dec contract made a high of 26767 and NASDAQ crossed 7600. The next week is going to be one of the worst weeks in the month. Market may go through a sudden decline. Either from today or Monday.

Major decline is possible between next Monday and Thursday.

From 1^st October 2018, market will again enter bullish cycle which will last for three weeks. Our S/L in S&P500 short was 2920 which has been triggered.

As long as it is trading above 2920, it can move up to 2950 or higher. If 2920 is breached then it is advised to short.  Or in the closing hour, one can either short futures or buy put options for next week.

PRECIOUS METALS

Before FOMC on 26^th September 2018, bullion may go through a short covering. With S/L of 1190 and 14.00, hold long position in Gold and Silver. If Gold crosses 1221 then a breakout is possible. It may move up to 1239. Gold made a high of 1214.70 in today’s session while Silver crossed 14.40.

After FOMC, a decline may be visible in precious metals which may last till first week of October 2018.

ENERGY PRODUCTS

CRUDE OIL

Crude has started to decline. It made a high of 71.50 in the previous session. In the next week, it may breach 68. Downside risk is higher. Around 69, book 50% profit.

CURRENCY PAIRS

EURO (EUR/USD)

Book 50% profit in EUR/USD @ 1.1780. Hold remaining position with S/L 1.1700.

POUND (GBP/USD)

Book 50% profit in GBP/USD @ 1.3270. Hold remaining position with S/L 1.3200.

YEN (USD/JPY)

Short USD/JPY at higher level.

INDIAN RUPEE (USD/INR)

We asked you to short USD/INR @ 72.60 with S/L 73.10 on Wednesday. Around 72-71.80, book 50% profit in USD/INR and hold remaining position. If it again trades at 72.50, add short position.

DOLLAR INDEX

Dollar index is now trading below 93.50. Here, it is advised to book 50% profit and hold rest for target 93.

CRYPTO-CURRENCY

Book 50% profit in BTC/USD and XRP/USD at CMP.

INDIAN STOCK MARKET

Indian market will have a gap up opening today. Market is uncertain. It is advised to remain “short at higher level” after booking profit in long position that was advised on Wednesday.

Positional traders can buy 50% put options (Oct contract) or short futures (Nifty and Bank Nifty) at opening and remaining position is supposed to be made at closing hour.

In the next week, Monday-Thursday may see a major decline. From 1^st October to 15^th October, the trend in market will be highly positive.

TRADING RANGE:

• NIFTY FUT: 11400-11300
• BANK NIFTY FUT: 26700-26300

BUY ON DIPS:

• MCX
• SUN PHARMA
• DELTA CORP

SELL AT HIGHER LEVEL:

• YES BANK