Global Stock Indices:

Today, Asian stock indices are expected to be volatile to positive. However, profit booking can come at higher levels.

UK market is volatile to positive. And US market shall also be volatile to positive.

Yesterday, our members bought S&P500 @1,460. Hold this long position for 1,475-1,485.

Do not forget to book profit in S&P500 by Friday (18^th January 2013).

Next week’s first few days may have some weakness with volatility.  And that’s why we’ll buy back S&P500 next week on dips. Till mid-March 2013, we expect S&P 500 to hit 1,550.

BULLION:

Today, Bullion is volatile to positive.

IMPORTANT ALERT: : If it goes down in evening session (especially after 20.45 HRS IST/ about 45 minutes after US opening) then a sharp fall is possible. So please keep alert.  If it occurs, it shall continue till tomorrow noon.

TRADING RANGE (16th January 2013):

• GOLD:1,674-1,688 (If sustains above 1,688 then can go up to 1,694-1,702 and if it breaks 1,674 it can go down to 1,665-1,660).
• SILVER: 31.00-31.60 (If sustains above 31.70 then can go up to 32.00 and if it breaks 31.00 then danger)
• COPPER:  362.00-367.00

Energy Products:

HOLD BUYING POSITION IN OIL WITH STOP LOSS 93.00.

(LAST WEEK WE RECOMMENDED TO BUY NATURAL GAS (POSITIONAL) AT 3.10 AND THE FIRST TARGET WAS 3.40. SO PLEASE BOOK 50% PROFIT @3.45 AND THE REST POSITION HOLD WITH STOP LOSS 3.30 FOR TARGET 3.70). WE HOPE YOU MUST HAVE MADE GREAT MONEY IN NATURAL GAS!!!!

Base metals (Lead, Zinc, Aluminum) can recover from lower levels today. It shall turn positive from tomorrow.

Currencies:

Trading Range (16th January 2013):

• EUR/USD:1.3270-1.3380 (BUY EURO with STOP LOSS 1.3270 FOR TARGET 1.3380-1.3440)
• USD/INR (SPOT):54.85-54.40

Indian Stock Market:

BUY:EXIDE (with stop loss 143.00 for target 152.00 -154.00), DENA BANK (with stop loss 121.00 for target 128.00-131.00-134.00), L&T Finance (with stop loss 87.00 for target 95.00-98.00), UNITECH (with stop loss 39.00 for target 42.00-44), Bharti, Yes Bank, IDEA, Bajaj Auto, ICICI Bank, AXIS Bank

(Updated at : 16/01/2013 7:55:59 AM (IST))

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