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Stock Markets Around the globe

Today, global equities are expected to remain positive.

US market shall close at top.

On Monday, markets are expected to be positive.

However from Tuesday, a sharp correction is expected in global equities.

The next week is bad for stock market (from Tuesday to Friday).

Book profit in S&P500 at closing or you can hold long position for Monday as well.

Asian & UK market shall close positive.  

TRADING RANGE:

–        DOW FUT: 16,640-16,750

–        S&P500 FUT(SEP): 1,948-1,965

–        NASDAQ FUT(SEP):3,955-3,995

–        FTSE FUT: 6,650-6,750

–        CAC FUT : 4,200-4,245

–        DAX FUT: 9,220-9,300

–        HANG SENG:24,700-25,050

–        AEX:394-400

PRECIOUS METALS

Bullion shall be range bound.

The next week is highly bullish for Gold & Silver (especially from Tuesday).

Silver as well shall witness a good bull trend in next week.

This positive trend shall continue for next week.

CRUDE OIL

Crude OIL shall be range bound for the day.

From next Tuesday, Crude Oil shall enter highly bullish trend.

 NATURAL GAS

NG went up to 3.92 last day. It is supportive for today as well.

Trading Range:

–        CRUDE: 95.20-97.00

–        NG: 3.84-3.94

  CURRENCIES

EURO

It is advisable to buy EUR/USD at lower levels.

INDIAN RUPEE (USD/INR)

HOLIDAY

DOLLAR INDEX

Sell dollar index on rise.

 TRADING RANGE:

– EUR/USD: 1.3340-1.3420

-USD/INR(SPOT):HOLIDAY

-DOLLAR INDEX: 81.75-81.45

US 10 YR-TREASURY BOND

Around 2.45, BUY 10 YR TREASURY BOND.

In next week, bonds shall shoot up (after Monday).

TRADING RANGE:

-US 10 YR T BOND:2.39-2.45