As sent on 13th Dec 2013 morning

The following content was sent this morning::::

PRECIOUS METALS:

Last day, we had mentioned in our letter that decline shall be seen and the same was observed.

It should be noted that, recovery shall be observed from lower levels today. It shall be positive up-to 18th Dec 2013.

INTRA-DAY VIEW:

Today, volatile to positive trend shall be seen from 13.00-14.00 HRS (IST), 15.30-18.30 HRS (IST), 19.00-22.30 HRS (IST).

BUY GOLD WITH S/L 1,208

BUY SILVER WITH S/L 18.80

TODAY’S TRADING RANGE:

–    GOLD:1,220-1,245

–    SILVER:19.20-19.75

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View On Energy Products:

CRUDE OIL

SELL CRUDE OIL @ HIGHER LEVEL.

NATURAL GAS

NG shall be volatile to positive.

Today’s Trading Range:

–          CRUDE: 98.20-96.20 & BELOW

–          NG: 4.33-4.41

 

View on Base Metals:

Copper shall be volatile to positive.

Today’s Trading RANGE:

Copper:3.27-3.31

Currencies:

Hold long position in USD/INR.

 

TODAY’S TRADING RANGE:

–          EUR/USD: 1.3795-1.3720-1.3680

–          USD/INR(SPOT): 61.80-62.50

–          DOLLAR INDEX:80.00-80.40

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