Today, weakness shall continue in Asian market, UK market. US market may recover from lower levels.  When US market recovers, you can add PUT OPTION around closing hour for S&P500 (for next week).

In next week, a big fall is expected in stock markets.

Today, Mars shall change house and enter in Taurus sign.

Below 23,300 you can short HSI with stop loss 23,460 for target 22,000. You can make 50% short today and 50% short tomorrow & hold position for next week.

VIEW ON PRECIOUS METALS

Precious metals opened gap down (as expected on 22^nd).

From noon, some recovery could be observed in precious metals.

Again in US hours, sharp fall is indicated.

Today’s Trading Range:

GOLD: 1,390-1,348(SELL ON RISE)

SILVER:22.70-21.75 (SELL ON RISE)

View on Base Metals:

Weakness shall continue in Base metals. You can short BASE METALS on rise.

Today’s Trading Range:

-COPPER: 335-328

View on Indian Stock Market:

Today, Indian stock market shall continue in weakness.

Tomorrow, some small recovery is possible. But in next week, any time, a sharp fall is indicated.  Nifty can go down to 5,800-5,600.

With a stop loss of 6,250 (on closing basis) you can make short position in Nifty. 50% of position to be made today and rest to be made tomorrow for target 5,800-5,600. 

Today’s Trading Range:

NIFTY FUT: 6,120-6,040

In coming days, DLF can go below 200.. You can buy PUT OPTION(220) {-DLF JUNE}  for target 200-190.

You can buy SBI June month ‘s put option (2,100) with stop loss 2,400 (on closing basis).

You can make the position 50% today and 50% tomorrow in both the option trading strategy.

Bank Nifty below 13,460 can go down to 12,500 & below. You can make short position in Bank Nifty.

SELL:

• AXIS BANK
• DLF
• TATA MOTORS
• STATE BANK OF INDIA
• RELIANCE CAPITAL
• L&T
• BHEL
• GMR INFRA
• PUNJ LLOYD
• UCO BANK

BUY:

-          AB NUVO (S/L 1068 TGT 1090-1115)

-          BAJAJ AUTO

Global Equities are undergoing historic bull-run. As per planetary positions, 30^th May 2013, it shall be uncertain condition which will make the equities volatile. And from 1^st June 2013, a new bull run shall be observed in global stock markets.

By this year’s end, we may see S&P crossing 1,900.

Between 20^th-21^st May 2013, we expect a minor correction.

22^nd – 24^th May 2013, again global stock indices shall be bullish.

In this correction, you can buy at lower levels.

Use “strict” stop loss of 1,645 for buying position in S&P around 1,655-1,660 for short term target 1,700.

You can also make long position in Hang Seng Index on dips (that may come today or tomorrow).  Weekly range of HSI = 23,000-23,800.

This week, financial, coffee, automobile stocks shall be bullish.

Today’s view: Between Today and tomorrow, a profit booking can be observed. This profit booking shall be seen as opportunity to make long positions in stock markets across the globe.

VIEW ON PRECIOUS METALS

This week as well, precious metals shall continue to be bearish till 23^rd May 2013.

And then onwards, a U turn can be observed.

Gold if breaks 1,338 then it should be heading towards 1,271 & below.

Silver if breaks 21.20 then it should be heading towards 20.20-19.50.

View on Base Metals:

This week, base metals are expected to be weak with volatility. Sell base metals on higher level.

View On Energy Products:

This week, Crude Oil and Natural Gas shall be positive with volatility. Buy Crude Oil and NG on dips.

Currencies:

This week as well, EUR/USD shall be weak with volatility.

Sell EUR/USD on rise.

Buy USD/INR for target 55.40+ with stop loss 54.50.

View on Indian Stock Market:

Indian stock market shall observe correction between 20^th & 21^st May 2013.

Keep your strategy to be “BUY ON DIPS”.

With a stop loss of 6,075 make long positions in NIFTY FUT for target 6,350+.

Buy IFCI, IDFC, YES Bank, RELIANCE CAPITAL, RELIANCE INFRA, TATA MOTORS, LIC HOUSING, PFC, REC, L&T, L&T FINANCE, JP ASSOC., UNITED SPIRITS on dips.

Till Friday, the mentioned stocks shall be positive with volatility.

 (Updated at : 20/05/2013 7:29:59 AM (IST))

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On Monday, Asian market shall open in negative.

Monday & Tuesday, weakness shall prevail in stock markets.

Wednesday, Thursday & Friday (NEXT WEEK: 22-23-24 MAY 2013), market shall be bullish.

Today’s Trading Range:

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