Trading Range and Strategy for FOREX + COMEX on 16th August 2012

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16 AUGUST’12 …..TODAY: STOCK MARKET -VOLATILE TO BULLISH. NIFTY FUT 5360-5420-5445

BANK NIFTY: 10,550-10,750 and above

BUY: SBI, ICICI BANK, CAIRN INDIA, ALOK TEXTILES, RELIANCE INDUSTRIES, RCOMM, RELIANCE CAPITAL, STERLITE, HINDALCO, MCDOWELL

SELL: HPCL, IOC

Today: Stock market, Bullion, EUR/USD, Copper, Crude –Volatile to Bullish

Today (16th August 2012) – Thursday, Indian & US stock market & all emerging markets are expected to be volatile to bullish.

In the commodity market, bullion, crude oil, Copper – volatile to bullish.

Recovery is possible in base metals.

 

Trading Range & Strategy for Today:

  • Dollar Index: 82.75-82.20 and below
  • Gold: 1595-1625-1640 and above -> (BUY)
  • Silver: 27.70-28.20-28.80 and above -> (BUY)
  • Crude Oil: 93.50-94.70-95.50-96.00 ->(BUY)
  • (Spot) Nifty: 5365-5450 ->(BUY)
  • S&P500: 1395-1410-1420
  • EUR/USD : 1.2265-1.2380-1.2420
  • (SPOT) USD/INR: 55.80-55.20
  • Dollar to be weak against other currencies.

ALERT:  SOFT COMMODITIES (CORN, SUGAR, RICE, WHEAT, SOYABEAN )– VOLATILE TO HIGHLY BULLISH IN COMING DAYS.
The above report is only indicative of market and is not live trading calls. For live trading calls (intra-day, over night and positional time frame)  in Stock & Commodity Market (MCX,NYMEX,COMEX) during the market hours, log on to Astrodunia.

Disclaimer: The market strategy is only for your knowledge. Don’t trade without advice. Neither ASTRODUNIA nor astrologer or any team member is liable for any personal or financial losses or gains.

 

Technical View- Equities                                                                                                                                                                                                                 16th August 2012

SCRIP

SUPP

RES

TRADING CALL
NIFTY- 5380.35

5375

5455

 Hold shorts taken at 5365- 75 with a stop at 5400 for a p.t. of 5310- 5340. Go long at the break of 5400 with a stop at 5370 for a p.t  of 5450 & 5530

5340

5535

5310

INFY- 2329.35

2315

2360

 Short at 2350- 60 with a stop at 2380 for a p.t. of 2310- 20 followed by 2240- 50

2240

2450

LT-        1454.6

1430

1485

 Hold longs taken at 1445, with a stop at 1435 for a p.t. of 1480- 85

1420

1500

1400

Pl Note:
1. All values are based on cash/ spot prices. (Report uploaded at 07.30 HRS IST – Indore, India)

SCRIP

SUPP

RES

TRADING CALL

  
BANK NIFTY- 10519.15

10425

10585

 Break of 10585, B.N. could rally to 10650- 675. For the day, initiate longs at the break of 10600 with a stop at 10560 for a p.t. of 10650- 675  

10370

10650

  

10130

10675

  

 
ICICI BANK-   969.8

945

972

 Hold short pos. initiated at 965- 970 with a S/L at 977 for a p.t. of 945- 948. Break of 977, go long with a S/L at 970 for a p.t. of 993- 95  

924

995

  
     

 
HDFC BANK- 608.15

600

609

 Hold short pos. at 606- 609 with a stop at 613 for a p.t. of 593- 600  

593

620

  
 

636

  

 

Technical View is based only on Technical Fundamentals.

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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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