View for 12th may 2014: Prediction for stock market, gold and indian market

 Weekly Newsletter shall be sent on Monday’s evening along with astrological analysis on election results.

Stock Markets Around the globe

Some weakness is indicated in Asian, European and American market this Monday.

However, your strategy should be to buy indexes on dips and hold for Tuesday.

TRADING RANGE:

–          DOW FUT: 16,460-16,550

–          S&P500 FUT: 1,862-1,878 (If S&P500 breaks 1,853 then shall drop to 1,845. Your strategy should be to buy on dips).

–          NASDAQ FUT: 3,520-3,570

–          FTSE FUT: 6,720-6,820

–          CAC FUT : 4,380-4,430

–          DAX FUT: 9,550-9,640

–          HANG SENG:21,400-21,750 ( BUY ON DIPS AND HOLD FOR TUESDAY)

PRECIOUS METALS

Bullion is expected to trade highly volatile.

However, this week is supportive till 16^th May 2014.

And then onwards, sharp decline is indicated next week.

From US hours, recovery shall be seen in precious metals.

TRADING RANGE:

GOLD :  1,282-1,294 (HOLD LONG POSITION WITH S/L 1,272)

SILVER:18.90-19.45  (HOLD LONG POSITION WITH S/L 18.70)

INDIAN STOCK MARKET

Owing to exit poll rumors, Indian market had a sharp bullish trend. This trend shall continue for some time due to the election fiesta in India. And so, is advised to our clients to be alert.

NIFTY FUT if sustains above 6,850 can shoot up to 7,100.

If Nifty FUT breaks 6,820 then shall drop to 6,780 or below.

Bank Nifty if sustains above 13,800 can go up to 14,500.

However ,if Bank Nifty breaks 13,600, it shall be in weak mode.

Trade with consciousness and stop loss.

BUY:

-ONGC S/L 338 TGT 360+

-HDIL S/L 74 TGT 88+

-YES BANK S/L 475 TGT 520

-BHEL

-MARUTI

-CESC

-ICICI BANK

–  SBI

#Trade with stop loss.