View on Bullion and Indian market

Astrodunia

(As sent on 27th July 2015 | 07.15 HRS IST)

PRECIOUS METALS

Last week, bullion experienced a drastic fall. As expected, a bounce back was observed on Friday. Gold moved up from 1075 to 1098 while Silver moved up from 14.38 to 14.62. In this week as well, a sharp fall is indicated in price of bullion. After mid of week, a fall is more probable. If 1072 is breached, there are chances that Gold may drop to 1040 or below. Similarly, Silver can drop below 14.00. It is really difficult to guess where this gigantic fall may end. You are advised to ‘sell’ bullion on rise.

Day-wise predictions: – MONDAY: seems to be range bound. – TUESDAY: bearish trend shall start. – WEDNESDAY to FRIDAY: A huge fall is expected in price of Gold and Silver. On the upper side, Gold can move up to 1105-115 while on the lower side, Gold can drop to 1040. Similarly, Silver can move up to 14.70-14.90 on the upper side while drop to 13.00 or below on the lower side. Positional bullishness in bullion shall start from 5th August 2015.

Copper can again experience significant fall, following the trend in bullion. In this week, Copper can break 2.30. Clear positivity shall start from 5th August 2015. Positional traders shall wait for 5th August 2015 to accumulate long position.

CRUDE OIL Crude Oil shall be negative for this week. It can breach 45.00 any time around the week. It shall turn positive from 5th August.

INDIAN STOCK MARKET

Indian market is overall bearish for this week. Below 8675, Nifty can drop to 8400 or lower. Below 19000, Bank Nifty can break 18500 and further drop. Your strategy shall be to “sell” Indian indices on rise. Nifty Fut is expected to expire below 8400. Till mid-Aug, market can be bearish / uncertain. Positional traders should wait to accumulate long position.

In this week, realty, infra, power sector related stocks can experience a sharp correction. TRADING RANGE:

– NIFTY FUT:8600-8490

– BANK NIFTY:18900-18500

This week seems to be supportive for following stocks(BUY ON DIPS):

– LIC

– BEML

– SKS MICRO

– COAL INDIA

– BEL

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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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