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Ignore experts those saying negative for S&P as we see biggest bull market of all time is on the way...14 Dec 2011. Yen crash is coming..predicted in Oct 2012...Oil could fall toward $30 and dollar Index could rise 90.00 to 98.00..Predicted July 2014..India Nifty touched 7800 and next target is 9165 predicted Nov 2016.. S&P would start falling from 2407 level or bear market to start from 8 April 2017 predicted on 21 Feb 2017...Mahendra Sharma
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Small part from Monday Daily Indian market Newsletter...watch our stock recommendation closely...

Dear Member, 

I rarely put out Indian Daily newsletter which is very popular among serious Indian traders and brokerage firms. We write daily outlook for precious and base metals, Oil and gas, grains and softs, Rupee and Indexes. Today we decide to release two part from this daily latter (Rupee and Index) here below.   

Our view in Monday's letter was very negative for gold and silver, and on other hand our view on oil was very positive. Grains and agri commodities has been in our buying list since last week so stay long was our advise. Many of yesterdays recommended  Indian stocks have perfromed very well, most of these stocks were in buying list since last two years.

 

INDIAN RUPEE 

Last week dollar Index traded sharply lower, and most of the frontline currencies gained value. Japanese Yen and emerging market currencies struggled to gain value and we expected this to happen last week. Emerging market currencies traded negative, Rupee struggled last week, and this week Rupee will remain in tight range but we are not recommending any buying in Rupee at this stage or during this week. One can trade in and out in Rupee as mentioned below levels. At this dollar/Rupee have achieved our lower side target of 64.00 in the month of May, and now we are expecting USD to move up to 65.25 which is first target.

Brazilian Real looks better trade compare to Rupee. Rupee will start gaining small value against Pound and Euro.  

Longer term traders must stay long in Rupee as Dollar will fall sharply against the Rupee, and it will fulfill our prediction of testing 59.98 in 2017.

This is what stated this Monday, on 30 Jan 2017: Indian Rupee’s positive time cycle is about to begin from today so start buying positions in Rupee. Those who have been holding positions in Rupee on our recommendations may start receiving fruits from this weeks. Major upside move in Rupee/USD is to begin with our first target 67.53 which shall be achieved within the next two weeks. We still believe that Rupee will see 63.11 in 2017 and 59.55 is the target we see Rupee achieving in the next two years. 

 

Monday trading range: (Spot price)

RUPEE/DOLLAR – 64.89 to 64.48

 

INDIAN MARKETS

Last week most indexes traded negative. European market traded negative and Indian market also remained underpresure. Traders are not getting directions, because no clear indications are coming from market.

Finally, GST introduced in India, internationally fund manager seem exciting about GST but everyone saying that it would have longer term positive effect on GDP. Surely, I am excited because it is great tax reform and will help receiving taxes directly in efficient way and will also help cutting corruptions.

On Monday, we see Indian market will open stable and will move on higher sides and may close in green. I am not recommending any selling or shorts in Indian market on Monday so one can buy short term buying positions in market around lower sides and in recommended stocks. Still seven trading days are pending before negative trend is starting in global markets. This Scorpio Moon may bring some uncertainty during middle of the week.  

On Monday, one can buy ITC, CCL Prod, Brittania, Godrej Consum, VST, Take Sol, TATA COFFEE, TATA GLOBAL, Reliance comm, Tata Elxsi, PG Elect, Indian Hume Pipe, Graphite Ind, Reliance Ind, Grasim, Tata Elxsi, Century Text, TVS Elect, Jayant Agro and Excel Crop.

Still 9465 is very crucial astro support level and Nifty have been holding this level so small buying in futures market is recommended around this level with strict stop-loss. Nifty will struggle to move above 9715 level.

On Monday FMCG, Chemical, Banking, housing and Pharma sectors will do well, so if you like to take some buying positions for the short term then buy it.

Here are some more buying list….

We are releasing new stocks list for medium and longer term buying released on 17 April 2017:

Auto Ancillaries: Buy

Chemical: Buy….

Dyes: Buy…

Food Processing: Buy…

Pharma Indian bulk: Buy…

Few other: Buy…

Also book profit now in recommended stocks but don’t forget to re-enter again: Medium and longer term (12 months) buying: Stay long in most of small/Mid cap stocks which we recommended: Take Sol….

Monday trading range: (Spot price):  

NIFTY: 9595 to 9545 (Spot) (recommended buy at 6065) Worst side low may be 6871

BANK NIFTY: 23298 to 23095 (recommended buy at 10350) Worst side low may be 13801

AXIS BANK: 525 TO 512 (recommended strong buy at 205)

SBI: 277 TO 268 called bottom at 160

JET: 573 to 556

RELIANCE: 1391 to 1370

You can subscribe or read details about this daily letter here:

https://www.mahendraprophecy.com/indian-market-subscription.php

 

Thanks & God Bless, Mahendra Sharma,

 

2 July 2017, 03.00 PM, Santa Barbara

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