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Trading Range and Strategy for FOREX + COMEX on 16th August 2012
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.
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SCRIP |
SUPP |
RES |
TRADING CALL |
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| 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 | ||||||||||||||||||||
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5340 |
5535 |
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5310 |
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| 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 | ||||||||||||||||||||
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2240 |
2450 |
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| LT- 1454.6 |
1430 |
1485 |
Hold longs taken at 1445, with a stop at 1435 for a p.t. of 1480- 85 | ||||||||||||||||||||
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1420 |
1500 |
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1400 |
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| Pl Note: | |||||||||||||||||||||||
| 1. All values are based on cash/ spot prices. (Report uploaded at 07.30 HRS IST – Indore, India) | |||||||||||||||||||||||
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SCRIP |
SUPP |
RES |
TRADING CALL |
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| 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 | |
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10370 |
10650 |
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10130 |
10675 |
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| 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 | |
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924 |
995 |
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| HDFC BANK- 608.15 |
600 |
609 |
Hold short pos. at 606- 609 with a stop at 613 for a p.t. of 593- 600 | |
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593 |
620 |
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636 |
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Technical View is based only on Technical Fundamentals.
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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