Stock Markets Around the globe
Today, market shall again be volatile to uncertain. Market shall move down then up and then down.
Bullion shall be positive today. Good positive trend to be seen after US opening. In next week as well, positive trend is expected.
Monday is slightly uncertain. Hence, it is advisable to book 50% position at late US hours.
If GOLD crosses 1,206 then it can move up to a greater extent.
– GOLD : 1,186-1,205+
Copper has bottomed out last day. In December, it shall cross 4.00. Hold long position.
Crude Oil has bottomed out by crossing 76.00. In coming days, it shall cross 85.00$/bbl. Hold long position in oil for target 85.00+ next week.
NG shall be volatile to positive for the BUday.
Short term view: NG shall go up to 5.50 in coming days. Hold long position in NG.
– NG: 4.35-4.55
Buy EUR/USD on dips.
INDIAN RUPEE (USD/INR)
Hold the long position in USD/INR.
Dollar index shall be weak till 1 December 2014.
Sell dollar index on rise.
– EUR/USD: 1.2510-1.2590
-DOLLAR INDEX: 88.00-87.40
US 10 YR-TREASURY BOND
Buy bonds on dips.
-US 10 YR T BOND: 2.35-2.28
INDIAN STOCK MARKET
Indian market shall be highly volatile to uncertain.
# NIFTY FUT: 8,360-8,440
# BANK NIFTY: 17,450-17,750
BUY ON DIPS:
ING VYSYA BANK
BUY ON DIPS(SHORT TERM):