S&P500 achieved the higher targets in the previous session. Trend shall continue to be positive today. S&P500 may move up to 4380-4420. Our subscribers booked profit at higher level (S&P500 @ 4325) and again went long at 4269 (after FOMC) with S/L 4240. Today, S&P500 made a high of 4369. Booked 50% profit in long position of S&P500 at 4365.
On Friday, profit booking is possible. Next week may be bearish.
Went long in crude at 94.40 with S/L 93. Next week is favorable.
Indian Stock Market
It was advised to remain long in Nifty and Bank Nifty. Book profit in indices at higher levels today. Next week, a drop is possible.