Daily Newsletter: 3rd December 2015 For Equities, Commodities, Currencies, Bonds

 

Global Stock Indices

US market experienced a weakness as expected. Today, US market shall recover. Around 2080, you can long S&P500.

Today, market may seem to be volatile. Around 2100-2110, you are advised to book profit in long position.

Next day, after non-farm payroll data, weakness can be observed. However, S&P500 (FUT) can move back to 2100-2110. S/L to be used for long position in S&P500 FUT: 2060.

Around 2105-2110, you can make short position for tomorrow.

TRADING RANGE:

  • DOW (FUT):17720-17840
  • S&P 500 (FUT): 2080-2100-2105
  • NASDAQ (FUT): 4690-4730
  • FTSE (FUT):6440-6340
  • CAC(FUT):4920-4850
  • DAX(FUT):11280-11050
  • AEX(FUT):462-468
  • HENG SENG(FUT):22200-22500

PRECIOUS METALS

Bullion breached our astrological prediction. Gold and silver have triggered our stop loss. Gold made a low of 1045 while Silver made a low of 13.85.

We are still expecting Gold & Silver to not breach 1043 & 13.78. Recovery shall be seen in precious metals after ECB meet. If it moves up after ECB meet, Gold can cross 1075 while Silver can cross 14.40.

Next day, it is the non-farm payroll data, from where Gold and Silver can reverse in trend. This reverse may continue for next week.

You can buy GOLD with s/l 1043 and SILVER with s/l 13.78.

MCX
24960 is a major support for MCX GOLD FEB FUT while 33700 is a major support for MCX SILVER MARCH FUT. MCX Crude Oil has major support at 2670.

TRADING RANGE:

  • GOLD: 1045-1075
  • SILVER:13.85-14.40

INDUSTRIAL METALS

Copper shall trade in mixed trend. SELL COPPER ON RISE.

TRADING RANGE:

– COPPER: 2.02-2.08

ENERGY PRODUCTS

CRUDE OIL

Crude Oil didn’t move up as expected. Today, it is expected to move up and definitely not breach 39. If this upward move is seen, it will continue to move up. You can long oil with stop loss 39.

NG

NG shall trade in mixed trend.

TRADING RANGE:

  • CRUDE: 39.90-42.00
  • NG: 2.25-2.15

CURRENCY PAIRS

EURO

EUR/USD made a low of 1.0550 last day. After ECB meet, it shall move up. You can long EUR/USD with stop loss 1.0550 and then make short position at higher level.

USD/INR

Sell USD/INR on rise.

DOLLAR INDEX

Dollar index shall be positive. After non-farm payroll data, it shall move up and continue to be positive for next week.

TRADING RANGE:

  • EUR/USD: 1.0570-1.0680
  • USD/INR: 66.60-66.40
  • DOLLAR INDEX:100.20-99.60

US TREASURY BONDS

Sell US 10 Year Treasury bonds on rise.

TRADING RANGE:

  • US 10 YR TREASURY: 2.15-2.20

INDIAN STOCK MARKET

Indian market shall be volatile. Recovery may be observed from lower levels.

Buy Nifty Fut with stop loss 7880 for target 7990-8000. Buy Bank Nifty with stop loss 16900 for target 17300-17400.

TRADING RANGE:

  • NIFTY FUT: 7920-7980
  • BANK NIFTY: 17100-17700

BUY ON DIPS :

  • ZEE ENTERTAINMENT
  • DR REDDY
  • MUNJAL AUTO S/L 104
  • RCOMM
  • TATA STEEL

 

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