Stock Market and Precious metals for 1st May 2014

Stock Markets Around the globe

Today, global markets are expected to be volatile to positive.

But from next day’s non-farm pay roll data, market(s) shall decline. S&P500 shall go up to 1,880-1,890.

You are advised to short 50% S&P500 @ 1,878-1,880 and rest 50% @ 1,885-1,890 (next day).

Hold this position up to Monday for target 1,845.

Next day’s Asian opening is positive.

PRECIOUS METALS

Bullion shall be volatile to weak. It is advised to long bullion around US hours. And around next day’s US hours, profit book in long position of bullion. And there make short position for next week.

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