GLOBAL STOCK INDICES
It is advisable to book 50% profit in S&P500 @ 2100. Around 2085-2090, you can buy back 50% position. You can hold position for target 2120.
TRADING RANGE:
– DOW (FUT):17800-17920
– S&P 500 (FUT): 2090-2110
– NASDAQ (FUT): 4690-4540
– FTSE (FUT):6390-6460
– CAC(FUT):4900-4960
– DAX(FUT):11220-11380
– AEX(FUT):465-471
– HENG SENG(FUT):22350-22620
PRECIOUS METALS
Gold made a low of 1064 & high of 1072 last day while Silver made a low of 14.05 and high of 14.20.
In next 2 – 3 days, Gold may cross 1085 & move up to 1100 while Silver may cross 14.60 & move up to 15.00.
TRADING RANGE:
– GOLD: 1063-1075
– SILVER:14.10-14.40
INDUSTRIAL METALS
Copper shall be range bound for the day. However, profit booking may be observed at higher level. Around 2.10-2.12, you can short Copper for target 2.05.
TRADING RANGE:
– COPPER: 2.10-2.06
ENERGY PRODUCTS
CRUDE OIL
Hold long position in Crude Oil. In next 2 days, crude can cross $44/bbl.
NG
NG shall be range-bound to positive. Buy NG with S/L 2.17.
TRADING RANGE:
– CRUDE: 41.20-42.50
– NG: 2.20-2.30
CURRENCY PAIRS
EURO
Hold long position in EUR/USD. Within next 2 days, it may cross 1.0700.
USD/INR
Sell USD/INR at higher level.
DOLLAR INDEX
Hold short position in dollar index as we see dollar index moving down to 98.60.
TRADING RANGE:
– EUR/USD: 1.0580-1.0660
– USD/INR: 66.60-66.30
– DOLLAR INDEX:100.00-99.70
US TREASURY BONDS
Book profit In long positions of US 10-Year treasury bond @ 2.16-2.17. Around 2.12-2.15, you can short for target 2.30 by weekend.
TRADING RANGE:
– US 10 YR TREASURY: 2.14-2.20
INDIAN STOCK MARKET
Indian market shall open positive for the day.
Profit booking may be observed.
Closing shall be slightly positive.
Next day, gap up opening is indicated.
Nifty FUT can move up to 8080+ while Bank Nifty can move up to 17800 and hence you are advised to hold long position in Nifty Fut and Bank Nifty.
TRADING RANGE:
– NIFTY FUT: 7940-8020
– BANK NIFTY 17300-17620
BUY ON DIPS (INTRADAY):
– WOCKHARDT
– CEAT
– PIPAVAV DEFENCE
– MUNJAL AUTO
– DELTA CORP
– IDBI BANK S/L 93 TGT 98
– TATA STEEL
– HINDALCO S/L 79 TGT 84
– UTTAM GALWA
– ICICI BANK
– DENA BANK
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