Our Verdict on Bullion for April

Astrodunia
Sent @ 07.00 HRS IST (2nd April 2014)
Stock Markets Around the globe
Today, global markets shall be volatile to positive till UK opening. From UK opening, profit booking shall start. Some weakness with volatility shall continue till tomorrow.
Asian market shall have bearish opening tomorrow.
UK  & US market shall also have bearish closing today.
Trading Range:
-DOW(FUT): 16,490-16,350
-S&P500(FUT):1,886-1,868& BELOW (HOLD SHORT POSITION WITH S/L 1,896 FOR TGT 1,855 & BELOW
-NASDAQ(FUT):3,665-3,580
-FTSE(FUT):6,630-6,550
-CAC(FUT):4,455-4,380
-DAX(FUT):9,690-9,590
-HSI (FUT):22,590-22,220 (HOLD SHORT POSITION FOR TOMORROW)
-NIFTY(SPOT):6,765-6,650
PRECIOUS METALS
Bullion shall trade in highly volatile trend.
Trading Range:
– GOLD: 1,277-1,296
-SILVER: 19.55-20.10
Hold long position with stop loss 1,274 & 19.45 respectively for GOLD and SILVER.  From UK opening, if bullion declines then it shall continue to be weak till tomorrow. In case, it goes up, it shall remain up for tomorrow as well.
Hold MCX GOLD WITH S/L 27,800 (JUNE FUT).
Hold MCX SILVER WITH S/L 42,400.
Copper shall be volatile to positive.
TRADING RANGE:
-COPPER:3.02-3.10
-ENERGY PRODUCTS
CRUDE OIL
Volatile to weak trend is possible. However, Oil shall move in a tight range.
NATURAL GAS
Weakness shall continue in NG.
Trading Range:
-CRUDE: 99.90-99.00
-NG: 4.32-4.16
-CURRENCIES
EURO
Sell EUR/USD on rise.
INDIAN RUPEE (USD/INR)
Buy USD/INR at lower level as U turn shall be observed from today. Hold long position with stop loss 59.50.
DOLLAR INDEX
Buy DOLLAR INDEX @ LOWER LEVEL.
Dollar Index is also positive for tomorrow.
TRADING RANGE:
– EUR/USD: 1.3840-1.3750
-USD/INR(SPOT): 59.65-60.10
-DOLLAR INDEX: 80.10-80.40
-US TREASURY BOND
Sell bonds on rise.
-INDIAN STOCK MARKET
Today, Indian market shall have positive opening.
Positivity shall continue till 12.00 HRS IST. And then, profit booking shall start.
This weakness shall continue till tomorrow with volatility.
TRADING RANGE:
-NIFTY (FUT) : 6,795-6,700
-BANK NIFTY: 12,880-12,550
BUY:
-IDFC
-LIC HOUSING
-RIL
-L&T FINANCE
-RELIANCE CAPITAL
-HERO MOTORS
SELL:
-DLF
-HPCL
-BPCL
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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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