27 October 2021: View on US and Indian market

In the previous session, US market saw new all-time highs. DOW made a high of 35892, S&P500 made a high of 4598 and NASDAQ made a high of 15700. This was followed by a profit booking and market closed slightly lower. At higher level, it was advised to book partial profit in long position of indices. For today and tomorrow, trend is slightly mixed. On Friday, trend is again favorable.

November 2021 is bullish for equity market. Accumulate long positions at dips. Add long position in S&P500 around 4550. We asked you to buy TSLA around 800- it made a high of 1094 in the previous session. We advised booking some profit at higher level (in live signals). TSLA may move up to 1200 in November. NVDA also witnessed sizable uptrend; we advised booking 50% profit around 250. Booked some profit in long position of AMZN @ 3400. Also, holding long position in MSFT.

Earnings due today (& expected to be favorable):

  • MCD
  • SONY
  • BA
  • ADP
  • TWLO
  • EBAY
  • TMO
  • KO
  • ORLY
  • DRE

We clearly mentioned that October 2021 was going to be bullish for US stock market. US market is making history as per our forecast. Join the momentum of financial astrology and stay ahead of the curve. FOR SUBSCRIPTION, e-mail [email protected] or call +91-9669919000.

Indian Stock Market

Indian market behaved positively in the previous session as per the weekly newsletter. Nifty touched the 18350-mark. Nifty closed at 18350 while Bank Nifty closed at 41386. The next 3 days may be uncertain to bearish. Nifty might breach the 18000-mark. S/L for short position in Nifty: 18500. Positional traders may accumulate long position on Friday. The month of November is bullish for stock market.