Stock Markets around the Globe

Planetary position this week:

-Mars and Saturn have retrograde on 1^st March 2014

-Saturn, Mars and Rahu in retrogression mode in Libra zodiac.

-Last week, we had mentioned that some military action / terrorist activity would develop. As said, UKRAINE’s problem has come to notice. And there’s a situation of war.

-In China as well, terrorist activities have targeted railway station.

-Jupiter shall be in direct motion on 6^th March 2014. This shall influence military actions or natural disasters such as earth-quake or man-made disasters like wars or terrorist activities. Such issues may last for this month. US may try to interfere in Ukraine’s or any South East countries’ matter. And it may even rise to military action. This shall affect the US economy as well.

-Inflation will rise by leaps and bounds throughout the globe.

-More scams may be exposed for the Indian democracy. Several ministers, bureaucrats may be exposed as an after-effect. This may force people to revolt against higher inflation. Central government of India will have a downfall due to the prevalent conditions.

-After 10^th March 2014, inflation and other man-made disasters may rise.  It’s impact shall be visible between 2^nd half of March and 1^st half of April 2014.

-China and East Asian countries will be affected.

::::VIEW:::

This week shall be supportive for global market(s).

Volatile to positive trend shall be seen for this week.

You should remember that from next week (10^th march 2014), stock market could witness a big crash.

Lower level for S&P500 (FUT) is expected to be 1,834-1,840 while the Upper level is expected to be 1,880-1,910 for this week.

– 3-MAR-2014: Asian market shall be positive.UK market shall also trade positive. However, US market may experience profit booking and also close in bearish trend.

– 4-MAR-2014: Asian markets can have weakness in first half. However, closing shall be positive.  UK and US market shall also be positive.

– 5-MAR-2014: Asian market shall have positive opening. Closing can be somewhat negative. UK market can have profit booking.  US market can also experience profit booking.

– 6-MAR-2014: First half shall be volatile for Asian market. Overall, range bound trend shall be seen. Flat to negative or flat to positive trend shall be seen. UK and US market may trade positive.

– 7-MAR-2014: Volatile to positive trend shall be seen in Asian, UK and US market.

BUY S&P500 @1,834-1,838.

TRADING RANGE:

• DOW(FUT): 16,120-16,180
• S&P500 (FUT): 1,834-1,848
• NASDAQ(FUT):3,640-3,675
• NIFTY (SPOT):6,220-6,280
• FTSE (FUT): 6,720-6,780
• CAC40(FUT):4,340-4,390
• DAX (FUT):9,520-9,590
• HANG SENG (FUT):22,380-22,750

PRECIOUS METALS

Today, positive trend is expected for precious metals till 17.45 HRS (IST).  And then onwards, sharp decline is indicated.

This shall continue till closing.

From 4^th March 2014, a U turn is expected with volatility.  The trend shall be bullish for 4^th March and 5^th March.

Some weakness is possible on 6^th March 2014. Overall, bullion shall be highly bullish from tomorrow (4^th March 2014). This trend shall continue till 16^th March 2014.

Bullion shall be bullish on 7^th March 2014.

Gold can go up to 1,380 while Silver can go up to 23.50, in short term.

You are advised to make short position at COMEX opening (with s/l 1,352 for GOLD & 21.60 for SILVER).  Target shall be 1,322-1,307 for GOLD while that for SILVER shall be 21.20-20.50.

Positional buyers shall make buying position in bullion from today’s US closing or next day.

TRADING RANGE:

• GOLD:1,344-1,307 & BELOW
• SILVER: 21.52-20.50 & BELOW

 INDUSTRIAL METALS

Some weakness is possible in Copper but overall this week is positive.

BUY COPPER WITH S/L 3.16 FOR TGT 3.25-3.30.

TRADING RANGE:

• COPPER:3.17-3.22

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall trade bullish for this week.

HOLD LONG POSITION WITH S/L $102.00.

50% PROFIT TO BE BOOKED @ $104.50.

AND HOLD REST 50% FOR $107/bbl.

NATURAL GAS

NG is expected to trade volatile to positive.

Big move shall start from next day or 7^th March 2014.

Short term target for buying position for NG is 6.40 with s/l 4.40.

TRADING RANGE:

-OIL:103.50-105.50

-NG:4.55-4.85

 CURRENCIES

EURO

EUR/USD is expected to witness some weakness today. Overall, EUR/USD shall move in positive direction.

The expected lower level for EUR/USD is 1.3640 while the upper level is 1.3950.

 

INDIAN RUPEE (USD/INR)

Buy USD/INR with s/l 61.70 for target 62.20-62.40 in this week.

 

DOLLAR INDEX

Dollar Index is expected to trade positive from 17.00 HRS IST.

Overall, dollar index shall be weak.

The upper level for DOLLAR INDEX could be 80.40 while the lower level shall be 79.50 or below.

Around 80.40, you are recommended to short dollar index.

TRADING RANGE:

• EUR/USD: 1.3800-1.3720
• USD/INR: 61.80-62.20
• DOLLAR INDEX: 79.75-80.20

US TREASURY BOND

Treasury bond shall move in positive direction till 17.30 HRS IST and then, decline shall be seen.

INDIAN STOCK MARKET

Today, Indian stock market shall have bearish opening. Supportive trend shall be seen from 12.45 HRS (IST). Closing shall be positive.

Tomorrow, opening may be weak.

TRADING RANGE:

-NIFTY(FUT): 6,305-6,240

-BANK NIFTY:10,850-10,450

 

BUY ON DIPS (FOR THIS WEEK):

-TATA MOTORS

-HERO HONDA

-HEXAWARE

-SIEMENS

-ABB

-DR. REDDY

SELL ON RISE:

-DLF

-TATA STEEL

-JSW STEEL

-RELIANCE INFRA