Stock and Bullion for 15-19 September 2014

Stock Markets Around the globe

On 17^th, it’s the federal meeting, which shall be the reason of heavy volatility in the market.

Stock market may tend to be slightly supportive till 19^th.

In this time frame, finance, IT & banking sector shall be supportive.

From 19^th, stock market shall trade in negative mood till mid-October 2014.

Asian market shall have negative opening today but recovery is indicated in late hours of trading session.

UK and US market shall as well, recover.

On 16^th, Asian market shall have weak opening and then recover till 17^th. US market shall follow the same trend. After 17^th, US market shall again trade in negative mode.

On 18^th, recovery may be seen in major equity indices.

On 19^th as well, same trend shall be observed.

Overall, trend is supportive till 19^th September 2014.

A big correction may be seen in next week.

BUY S&P500 WITH 1,960 FOR TGT 1,990-1,995.

PRECIOUS METALS

Bullion witnessed a big correction last week, which has caused panic in traders. The bottom of last week shouldn’t be breached on closing basis in this week.

Any time, in intra-day, if it drops, the maximum extent can be 1,215 & 18.20 (GOLD & SILVER respectively).

I don’t think these levels will be tested in this week.

In current week, bullion can have a bullish run.

Gold can go up to 1,280 while Silver can go up to 19.75.

BUY GOLD @1,230 FOR TGT 1,270-1,280.

BUY SILVER @ 18.50-18.60 WITH S/L 18.00 FOR TGT 19.50-19.75.

I feel that these are the bottom levels for the entire year of 2014.

I am expecting a rally in bullion after 4^th October 2014.

15^th and 16^th are volatile to positive for bullion.

On 17^th & 18^th, volatility shall be heavy but overall trend is positive.

On 19^th as well, market shall be positive.

TRADING RANGE:

–        GOLD :1,225-1,245

–        SILVER:18.45-18.90

INDIAN STOCK MARKET

Indian market shall have negative opening and then recovery.

Second half shall be positive (i.e. from 13.00 HRS IST).

In this week, banking, IT, PSU & auto sector shall be supportive.

TRADING RANGE:

#  NIFTY FUT:8,050-8,140

# BANK NIFTY: 16,100-16,300

In this week, BANK NIFTY can cross 16,400.

BUY:

–        INFOSYS

–        HEXAWARE

–        TCS

–        ARVIND MILLS

–        CENTURY TEXTILE

–        MARUTI

–        EXIDE

–        YES BANK

–        SBI

–        BANK OF INDIA

–        CROMPTON GREAVES

–        HAVELLS

Updated 9/15/2014 @ 7:43 AM(IST)