The future of stock and bullion 12 februray 2013

Global Stock Indices:                                  

Global stock indices are highly volatile for the day.

Recovery shall be seen from lower level.

Again some profit booking is possible at closing hour.

And tomorrow shall be a positive / bullish day for stock market.

Today, buy stock indices on lower levels and hold for tomorrow.

US stock market shall open at lower level but closing may be positive.

Precious & Industrial Metals:

Yesterday, we said that weakness shall be seen in bullion.

Friday itself, we had informed our subscribers to not hold any long position but make short position.

Bullion is again highly volatile with ups and downs for today.

From 15.30 HRS (IST), again fall can come.

This fall shall continue till US opening.

And then from US Opening/ 20.30 HRS (IST), a recovery shall be observed.

Positive recovery shall continue till late night.

And tomorrow, Bullion shall be volatile to positive (especially after US opening).

A good positive trend is possible.

Trading Range (12th February 2013):

·         GOLD:1,620-1,660

·         SILVER: 30.20-31.20

·         COPPER:  369.00-376.00 (COPPER IS VOLATILE TO POSITIVE FOR THE DAY. BUY ON LOWER LEVELS)

Other base metals shall experience heavy volatility.

But closing of base metals can be positive.

Energy Products:

Today, Crude Oil is highly volatile. Selling pressure could be seen at higher level.

Make short position on higher level with S/L 98.30.

Natural Gas is highly volatile for the day. Mix trend shall be expected.

Trading Range (12th February 2013)

·         CRUDE OIL: 97.50-95.00

·         NATURAL GAS: 3.24-3.34

Currencies:

Make short position in USD/INR on higher level with stop loss 54.20 for target 53.60-53.40.

Trading Range (12th  February 2013):

·         EUR/USD:1.3340-1.3480

·         USD/INR (SPOT):  54.10-53.60-53.40

Indian Stock Market:

Indian stock market is highly volatile and positive for the day.

But some profit booking may be seen at closing hours.

Tomorrow may be a volatile to bullish day for Indian stock market. So you can hold long positions for tomorrow. You can make (BTST) at  closing hour for Nifty & Bank Nifty Future.

RECOMMENDATION

STOCK

STOP LOSS

TARGET

BUY

NIFTY FUT

BUY

SINTEX INDUSTRIES

BUY

WOCKHARDT

BUY

YES BANK

BUY

RELIANCE CAPITAL

BUY

DENA BANK

BUY

LIC

SELL

JUBILIANT FOOD

 (Updated at : 12/02/2013 8:00:57 AM (IST))

Leave a Reply