View on Stocks, Commodity, Currenccy for 17th October 2012 and EURO SUMMIT

17th October 2012

Tomorrow is the EU’s leaders meet for EURO SUMMIT.

It is a very major event for the market. So market can panic in heavy volatility before the summit. Astrologically, I feel that it’ll turn out to be positive for stocks and bullion.

So please do not panic!!!! BUT KEEP ALERT BEFORE SUMMIT & WAIT FOR RESULT.

Our advice is not to panic but keep alert….

Bullion & Metals shall be bullish for tomorrow after summit. And next week, the actual bull-run will start, for which we have been waiting. It shall come up from Monday ( 22^nd October 2012 ) till 16^th / 18^th November 2012. A Very considerable rise is seen in bullion.

Today, global stock indices, Asian & Indian stocks shall be volatile to positive.

UK Market will also be volatile to POSITIVE. But profit booking possible at closing hours.

US Opening is positive but in late hours profit booking is possible. Closing can be bearish.

And tomorrow, Asia Opening can be bearish.

Sun-Saturn combination will not be comfortable for stock market in coming days.

Trading Range (17th October 2012) –Global Stock Indices

è DJIA (DEC-FUTURE): 13,420-13,550

è  NASDAQ (DEC-FUTURE): 2,755-2,775

è S&P 500 (DEC-FUTURE): 1,444-1,458-1462

è FTSE 100: 5,820-5,895

è DAX: 7,320-7,440

è CAC: 3,488-3,515

è HANG SENG INDEX: 21,340-21,440

è NIFTY (SPOT):5,640-5,740

PROFIT BOOKING IS POSSIBLE IN NIFTY IN CLOSING HOURS.

ASTRO-OUTLOOK ABOUT INDIAN STOCK MARKET (17th October 2012)

Today, the Indian Stock Market shall be volatile to positive. It’ll have bullish opening but profit booking possible in last closing hour.

Tomorrow, opening can be bearish.

BUY: APOLLO TYRES, KTK BANK, JK BANK, IDBI, RENUKA SUGAR AND IOC.

OUTLOOK ABOUT PRECIOUS METAL (17th October 2012)

Today, Precious metals (Gold & Silver) shall be volatile to positive. Tomorrow as well, it should be bullish. But before the EURO SUMMIT, heavy ups and downs can be encountered. It’s advisable to keep alert and not panic.

TRADING RANGE OF PRECIOUS METALS (17th October 2012)

GOLD:1744-1758 (GOLD  VERY STRONG ABOVE 1755. IF CROSSES 1755 THEN CAN GO TO 1765 AND ABOVE)

SILVER: 32.80-33.50 (ABOVE 33.30 SILVER IS STRONG FOR TARGET 33.80 AND ABOVE)

TRADING RANGE OF INDUSTRIAL METALS (17th October 2012)

COPPER: 3.70-3.73-3.75

TRADING RANGE OF CURRENCY (17th October 2012)

è      EUR/USD: 1.3020-1.3120-1.3150

è       USD/INR (SPOT) :52.60-53.20 (OUR ASTROLOGICAL VIEW IS THAT USD/INR CAN GO UP TO 53.80-54.50 IN COMING DAYS. BUY USD AGAINST INR WITH STOP LOSS 52.20)

è      DOLLAR INDEX: 79.10-79.70

TRADING RANGE OF ENERGY PRODUCTS (17th October 2012)

• CRUDE OIL: 93.20-91.40-90.20
• NATURAL GAS: 3.41-3.48

MCX Commodities

• GOLD STRONG ABOVE 31,150 AND THEN CAN GO TO 31,250 AND ABOVE. GOLD IS WEAK ONLY BELOW “30,850”.
•  SILVER IS STRONG ABOVE 60,300 AND THEN CAN GO TO 60,600-60,900-61,200. SILVER IS WEAK ONLY BELOW 59,700. SILVER IS WEAK ONLY BELOW “59,750”.
• COPPER IS STRONG ABOVE 431.00 AND THEN CAN GO TO 437.00-441.00

(Updated at 07.36 HRS (IST) – 17th October 2012- Indore, India)

Please note that this is an indicative report only and not live trading calls. Our specialty is ‘LIVE TRADING CALLS’. Kindly contact us if you want to add the advantage of ‘financial astrology’ to your portfolio.