Global Stock Indices
As predicted, US stocks opened downward in today’s Asian hours. It made a high of 3149 in the previous session followed by a low of 3132 today. US market closed negative in the previous session. For Tuesday and Wednesday, trend is positive. After FOMC in the next session, sharp correction is indicated. S&P500 has support at 3100. Here onwards, it has the potential for 3170 and above on the higher side. At higher level or around FOMC, book profit in long position and enter into short position for target 3080-3050.
Indian Stock Market
The Indian market remained negative in the previous session. Nifty Future made a low of 11916 while Bank Nifty made a low of 31200 and then recovered slightly. Today from 11.00 HRS, the market will move in a positive direction. Front line stocks will trade with more positivity. This uptrend may continue till Wednesdas’ys 12.00 HRS. There onwards, a downtrend may start and continue till the weekend. Levels are only for MEMBERS.
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