11th February 2016: Equities, Commodities, Currencies And Bonds

Global Equity Indices

As per our expectations, markets bounced back and then declined. S&P500 FUT went down from 1877 and made a low of 1832 and currently trading around 1836. Positional traders shall hold position for target 1780 while intraday traders could book 50% profit in short position and add short position around 1850.

Stock market shall be in bearish mode till 21st / 22nd February 2016. In this time frame, a sharp fall is indicated.

Next day as well, market may behave in an uncertain way.

 PRECIOUS METALS

Around 1184 and 15.10, we made you long Gold and Silver. Bullion shall be bullish till 22nd February 2016. In this week, GOLD may cross 1220 while SILVER may cross 15.65.

Gold made a high of 1214 this very morning.

Around 1220-1222, you can book 50% profit in long position of Gold and Around 15.65-15.70, you can book 50% profit in long position of Silver.

INDUSTRIAL METALS

Copper has major support at 1.98. It can move up to 2.05.

With stop loss of 1.98, make / hold long position in Copper.

CRUDE OIL

Crude oil shall continue to be in bearish mode. Stay away from long position in Oil as it may dip down to 25 anytime soon. You can rather short crude oil at higher levels.

NG

NG shall trade in volatile to positive mode.

Around 2.12, you can book 50% profit in NG.

EURO

EUR/USD made a high of 1.1320 – you are advised to book 50% profit at 1.1290 and rest 50% at 1.1350.

 

USD/INR

Short USD/INR with stop loss 68.35 for target 67.60 and below.

DOLLAR INDEX

Dollar index may drop to 94.50 in coming days.

US TREASURY BONDS

Hold bonds for target 1.60 and 2.40 (US 10 YR TREASURY & US 30 YEAR TREASURY).

Bonds shall be trading upward till 22nd February 2016.

INDIAN STOCK MARKET

Indian market shall be uncertain for the day. Closing may be bearish. Below 7200, Nify Fut may drop to 7080. Bank Nifty below 14700 can drop to 14500 or below.

Market shall be highly volatile and continue in weakness for this week. Next day is again weak for the equities.

TRADING RANGE:

  • NIFTY FUT: 7280-7150
  • BANK NIFTY: 14800-14500

 

SELL ON RISE:

  • SBI
  • TATA MOTORS
  • MARUTI
  • BANK OF BARODA
  • UCO BANK

UNION BANK

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