Stock Markets Around the globe
Stock market shall start to trade in slightly bearish trend from today. With ups and downs, gradually it will move to negative direction till week-end.
UK market may open positive but closing is expected to be slightly bearish.
– DOW FUT: 17,140-17,010
– S&P500 FUT:2,005-1,992
– NASDAQ FUT: 4,095-4,070
– FTSE FUT: 6,850-6,780
– CAC FUT : 4,485-4,430
– DAX FUT: 9,760-9,690
– HANG SENG:25,350-25,050
As expected, owing to full Moon, pressure was observed in price of Gold and Silver. Gold made a low of 1,251 while Silver made a low of 18.90. I guess the low has been made. With volatility, it may try to move up again. The positive rally shall start from next day, which would continue till 16th September 2014.
And then a correction may be seen for 2-3 days and then again it would bounce back.
Watch the trend; closing should be positive for the day. From next day, positive rally shall start.
– GOLD :1,251-1,270
Copper and other metals shall be volatile to positive. It is advised to buy industrial metals on dips.
Copper crossed 3.20 last day. It may try to re-test 3.20.
Crude Oil shall trade positive till 11th September 2014. It can go up to 96.00.
NG shall trade positive.
– CRUDE: 92.00-94.50
I think the bottom for EUR/USD has been made. It shall gradually move up from today. I am especially positive about EURO from next trading session.
INDIAN RUPEE (USD/INR)
USD/INR made a low of 60.10. A low has been made. USD/INR(SPOT) won’t break 60.00. In coming days, it’ll cross 61.00.
Dollar Index has made a high and there are chances for correction from today itself. From next day, sharp down side move is expected.
– EUR/USD: 1.2880-1.2950
US 10 YR-TREASURY BOND
Bonds has made a low and now it is time for a U turn.
It shall remain positive till weekend.
-US 10 YR T BOND:2.50-2.40
INDIAN STOCK MARKET
Indian market shall trade positive till 11.30 HRS IST. And then declining trend shall be observed. Closing can be weak for the trading session.
|SELL||NIFTY FUT||8,250||8,090 & BELOW|
|SELL||BANK NIFTY||16,550||16,000 & BELOW|
# NIFTY FUT:8,210-8,120
# BANK NIFTY: 16,450-16,150
– TATA MOTORS
– ASHOK LEYLANDS
– APOLLO TYRES