Dear Members,
Today we are putting small part from Indian daily letter here for Indian followers. We are sure most of you must enjoying our “2015 Financial Predictions” e-book.
Tuesday’s Flash news (unedited copy)
United Spirit performed well yesterday and now Max India should move up sharply higher from today
Reliance Industry is at most crucial point, just wait 48 hours
Dear Members,
On Monday Asian market traded mix but Europe and USA market traded negative as expected…...
http://www.mahendraprophecy.com/2015-financial-predictions-ebook.php
This is what we mentioned for last week Wednesday before stocks and oil rebound: On Tuesday most of global market lost big value but still weaker trend is not convincing as it is not matching with Astro cycles so we still believe that market will rebound sharply. Thursday and Friday is very positive astro day for all major markets so watch closely Wednesday, hold positions in market. Mars changing house and Mon will be in Sun house from Thursday so we are still expecting huge turn around for markets.
Metals and other commodities traded positive but energy prices went down once again. Oil prices is creating some damage to market but we see oil stabilizing soon around $47.50.
We strongly recommend staying away from any leverage trade for the 24 hours and one can start taking aggressive positions in markets on late Wednesday or Thursday.
Currencies traded both sides and same kind of trend will continue but still USD will have upper hand. Thirty year bond is moving very volatile, this final move it is taking and I don’t know how many hours or day it can hold these prices because it is getting ready for major fall like Yen and Euro so trade carefully.
Gold traded positive as predicted and still it can hold value during this week. $1225 will be crucial for Gold and won’t able to break $1247.
Once again S&P testing last month lows of 1982, and it will hold value, what we expected huge upside move during this week for S&P which may not happen but still we are hope that S&P move go back to 2033 or higher by Friday.
Here are the trading ranges and strategies for Tuesday:
METALS
On Monday and silver traded positive, which clearly indicates that it may touch our higher sides target of………
Base metals trade negative as predicted, hold sell positions in copper.
Don’t miss to buy DUST on Thursday.
This is what we mentioned yesterday: The higher side will be limited in gold (above $1225 and still chances that it may touch $1247) but there is still a lot of room to move on the lower side because the medium and longer term astro cycles are not giving any support to precious metals.
This is what we mentioned on 1 September: Gold breached $1283 level which clearly indicating that is moving toward $1248 to $1153and silver $17.57 to 14.87 level soon. Metal stocks will also suffer setback.
Here is Tuesday’s range: (March 2015 contract):
GOLD: $1240.80 to $1224 Feb 2015
SILVER: $16.88 TO 16.55
COPPER: $276.10 TO $269.10
PALLADIUM: $818.00 TO $807.00
PLATINUM: $1248.30 TO $1234.00 April 2015
GRAINS
Grains traded negative on Monday except Corn as predicted. We are not changing any predictions of what we mentioned yesterday: On Monday we see a mixed to weaker trend in grains. Trading in and out will remain the best strategy in grains. We are not recommending any buying in grains yet but surely most of you must be aware that our outlook for corn is very bullish for 2015. I am waiting for the right astro cycle to recommend buying in corn.
On Friday grain prices traded mixed to weaker as predicted and the same kind of trend will continue on Friday so selling is recommended on the higher side.
This is what we mentioned four months back: Don’t buy any position at this stage but wait for the next week’s newsl1etter for the right advice. Selling calls in soy around $1550, wheat at $730 have done very well and we targeted Soy to fall below $1000 and wheat $550. Both these lower side targets are closer to being fulfilled. Selling grains remained the best advice in 2014, yes gold and silver selling has also done well.
This is what we mentioned two month back: Avoid Soy products. We don’t see soy going below $930, wheat $477 and corn $330 so go aggressive if prices come to these levels.
Tuesday’s trading range (March 2015 contracts):
CORN: $406.00 TO $395.00
WHEAT: $563.50 TO $550.00
SOY: $1027.50 TO $1007.50
SOY MEAL: $346.00 TO $337.10
SOY OIL: $33.08 TO $32.30
ENERGY
On Monday energy prices traded sharply lower, energy stocks also lost big value as predicted. There is no doubt that people have lost fortune those who remain in buying positions and it looks very difficult to me that these traders will every able to make that kind of money back trading oil. Many bankruptcy will come soon if oil remains below $50 for the next six months.
On our predicted lower side target of $44.55 is coming closer so one can………
This is what we mentioned yesterday: On Monday we see a mixed to negative trend so higher side selling is recommended in oil. Heating oil, RB gas and natural gas will trade mixed and soon we may start recommending small buying so wait for our indications.
This is what we mentioned last Thursday: Energy stocks traded bit weaker and we are sure you must be watching ERX closely as it came down to $51.50, we recommend buying around $49.
This is what we mentioned on 23 December: Oil can only get lower if it close below $54.40 for three days, if it does then it will hit $45.20 but chances of happening this is very less.
This is what we mentioned 11 December: Wednesday our fear proven very true, we strongly recommend to stay away from oil. When oil broke $92.88 we recommended sell oil and get out from all energy product, when it broke $88.88 we predicted it is reaching toward $64.20. Two weeks back we mentioned that if oil falls below $64.20 then chances are that it may move toward $57.80 level. Most important level will be $54.40.
Energy stocks are crashing, heating and RB gas falling sharply with oil. We still recommend to stay away from energy at this stage, trading in and out will be right strategy, specially selling at higher levels.
This is what we mentioned last Monday (5 December): Oil and other energy products lost more value on Friday as predicted. We are not recommending any buying in energy stocks, oil, RB gas and heating oil. Natural gain gained value from the lower levels on Friday as predicted.
On Monday the higher side will remain limited, and if oil closes below or trades below $64.00 for more than seven hours then expect $57.90 levels in the short term. Selling is recommended in energy and energy stocks on Monday. It looks like oil is getting ready to break $60.00 so stay short or add selling on any fall.
Tuesday’s trading range (February 2015 contracts):
OIL: $46.90 to $44.65
NATURAL GAS: $2.87 to $2.71
HEATING OIL: $1.6800 TO $1.6180
RB GAS: $1.3050 TO $1.2500
INDIAN RUPEE
On Monday Indian Rupee gained more value and and now it looks very clear that Rupee will start trading below 62.00. On Tuesday mix kind of trend is indicating so trading in and out is recommended.
Book some profit, but don’t short any positions in Rupee. Our longer term view is very bullish for Rupee.
This is what we mentioned on last week Thursday: Wednesday Indian Rupee gained against most of currencies as predicted. We are not changing any prediction in Rupee because we still believe that Rupee will going to perform very well in coming time. Dollar is not moving above 63.75 our astro level which is proven like a Wall of China. Sell more USD positions.
We are not changing any predictions what we mentioned on last week Wednesday: Tuesday once again Rupee lost value but this is final 24 to 36 hours for Rupee to remain weaker and from here on ward at least 5% move is coming so hold your Rupee positions tightly.
This is what we mentioned two weeks Thursday: In the first quarter of 2015 we see Rupee going toward 59.00 level. In the month of December higher side Rupee may fall toward 63.75.
Last we predicted that in the month of December some surprise move will come from RBI - It looks like that major policy changes and surprise from RBI is on the way which may help and guide stock market as well as Rupee in uptrend directions.
Early last year we mentioned Rupee may touch 70.00 when it was trading around 52.00 levels, this target got fulfilled now next trading range will remain from 58.00 to 63.75 for some time.
Tuesday trading range: (Spot price)
RUPEE/DOLLAR – 62.28 to 61.90
INDIAN MARKETS
On Monday market traded mix and same kind of trend will continue on Tuesday so trading in and out should be your strategy if you like to trade for day trading.
On lower side of Tuesday and Wednesday we recommend buying in Indian market and Indian stocks. Also one can buy ETF and ADR’s in international market.
We are not changing our any buying recommendations, we recommend investors to hold positions in our recommended stocks. Reliance performed negatively on Monday which is concerning sign but still I would like to wait for more two days before we give clear indications. Market may have huge corrections if any negative news comes from Reliance Industry or Mukesh Ambani, current astro chart is negative but let’s wait for another 48 hours.
Yesterday our most of recommended stocks moved up nicely, United Spirit, DR. Reddy, Lupin, Max India, Wockhadt did well and will keep outperforming. Keep adding Max India aggressively as 10% move is coming.
We are very concerned about Reliance Industry because this stock performed negatively in the last quarter of 2014 when the astro indicators were showing positive indications which means that some big negativity is there which keeps pushing down this stock. I read the astro chart of Reliance and our longer term outlooks will become very bullish for Reliance from August 2015 but until then it may go through a rough patch and we are will be very concerned if Reliance Industry doesn’t move up in the next 16 days trading days. I know many Indian investors will start getting worried because Reliance going down means the whole market will fall because it is very heavily leverage on Nifty. The next 16 days will decide Reliance and Mukesh Ambani’s future, at this stage I am just concerned after reading the astro chart because any sharp fall in Reliance or negative news in Reliance can damage the market sentiment.
On the other hand Indian Rupee is performing well which is good news for investors. Our recommendations of selling USD around 63.80 did very well during last week. Fall in energy price is supporting core economy which will surely help bring down the deficit. Stronger Rupee may impact commodities so avoid buying any commodities in Rupee terms.
Our view is very positive on Pharma and Banking stocks, but let’s wait for three trading sessions before I come-out with a clear answer.
At this stage one should hold positions in Pharma, banking and recommended stocks. MAX India, IPCA, Pfizer, United Spirit, Wockhardt, and CADILA look like great buys so don’t miss the opportunity of buying on Monday around lower side. All these stocks should move higher during this week.
Good news of Rate cut from RBI is on the way in the next two weeks…...Subscribe to read complete Indian Daily letter… http://www.mahendraprophecy.com/indian-market-subscription.php
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Thanks & God Bless
Mahendra Sharma, Monday 3.00 PM Santa Barbara