14 May 2020: What’s next? Part of Newsletter sent today

Global Stock Indices

As predicted, S&P500 made a low of 2790. Today as well, weakness may be observed in the equity market. Around 2750, you can cover short position and make long. On Friday, market may be positive.

Today, Jupiter is turning retrograde; it would boost banking, finance and IT. Food processing companies such as Beyond Meat can be accumulated for long term investment. The volatility in market may last till next Monday. And then, market shall enter a bullish tone.

You can buy AMAZON, APPLE, FACEBOOK, AMD, NVDIA, NETFLIX, UNITED HEALTH, JP MORGAN, TESLA at lower levels in US market today.

In live signals, we advised buying BLACKROCK at 462. It closed at 485.

At today’s closing in European and Asian markets, you can make 50% long position.

Indian Stock Market

At the previous day’s opening in the Indian market, we advised booking profit in live signals. In the newsletter also it was mentioned to book profit within the first hour. It was also said that Thursday would be weak for Indian markets. Right now, SGX Nifty is trading around 9250. Nifty closed at 9393 and made a high of 9540 yesterday.

Today, market shall behave weakly as predicted. Nifty may drop down to 9150-9100 while Bank Nifty may drop down to 18800. It is advised to make 50% long position in Nifty and Bank Nifty at today’s closing.

Today, Jupiter is turning retrograde and it would benefit banking, finance, IT and fmcg stocks. You can accumulate stocks from these sectors for short term. In live signals, we recommended buying MARUTI at 4700 (on Tuesday) and booked a profit at 5250. Today, you can again accumulate MARUTI around 4900.