Weekly Astrological View on Currency, Stocks and Commodity

17th – 21st September 2012 “Astrological View on Global Stocks, Commodities and Currencies” (FOREX) This week all global stock markets are volatile to bullish. Monday & Tuesday will have a volatile to mixed trend. But it’ll turn positive from Wednesday (19th September 2012). Recovery can start from late night of 18th September 2012. Good rise to be observed between 19th and 21st September 2012. Stocks will close at higher levels on Friday. The strategy will be to buy on dips.Weekly Trading Range of Global Stock Indices

-Dow Future (DEC): 13,420-13,725 and above
-Nasdaq Future (Dec): 2,820-2,925 and above
-S&P 500 (DEC): 1430-1475 and above
-Nikkei 225 (DEC): 9,080-9,450 and above

-Hang Seng Future (IDX-SEPT): 20,540-20,920 and above
Nifty (Spot): 5550-5650-5725 AND ABOVE. (Nifty can touch 6,000 in coming days)

Crude OIl Trading Range: 96.50-101.80 and above

–Monday – volatile
–Tuesday – positive
-Wednesday to Friday – volatile to positive
– BUY ON DIPS AND PROFIT BOOK AT HIGHER LEVELS

CURRENCY –Weekly Trading Range

-EUR/USD: 1.3020-1.3250-1.3300
– USD/INR (SPOT): 54.20-53.20 AND below
-DOLLAR INDEX: 79.10-78.20 and below

 Weekly trading range for metals

-COPPER: 378-395 AND ABOVE (target in coming days is 420$).

 ALERT: This week,, Lead, Zinc, and Nickel–also volatile to bullish. so keep the strategy of buying on dips!

Trading range for precious metals:

-Gold: 1742-1818 AND ABOVE

-Silver: 33.20-35.50 (can also touch 36.50 ON FRIDAY)

This week, bullion is highly volatile. Monday and Tuesday (17-18th September 2012) will have sideways movement. On Monday, market – volatile but rise to be observed in evening session. Tuesday (18th September 2012)- first half (morning session) to be bearish. Rise expected from evening session with volatility. Wednesday –is volatile to positive. Thursday – is volatile to bullish. Friday – Bullion to close at higher levels in US market. Our strategy is to buy on dips (Monday-Tuesday-Wednesday) and profit book on 21st September 2012 (late night).

VIEW ON INDIAN STOCK MARKET

– This week, Indian stock market will be volatile to bullish.
– Nifty can go up to 6,000 pts with volatility. Major support at 5220.
– Bank Nifty also volatile to bullish for the week.

-Good rise to be seen in L&T, TATA STEEL, INFOSYS, SBI, DENA BANK, ICICI BANK, YES BANK, GMR INFRA, CENTURY TEXTILE, ARVIND MILLS, CAIRN INDIA, HDIL, DLF

(Courtesy: Rajeev Prakash Agarwal, Director, MAA Astrodunia Pvt Ltd)