Investment Advisory for 5th December 2013

5TH December 2013

Daily Newsletter

Global Stock Indices:

  • Today, Asian market shall have heavy volatility with weakness in first half. But in second half, positive trend shall be seen. Again tomorrow, some weakness is indicated in Asian market.
  • However, in next week, a good bullish trend shall be seen in global stock markets.
  • In UK market, we expect volatile to positive trend while in US market, highly volatile (but slightly positive) trend is expected.

     

     

Today’s Trading Range:

  • DOW(FUT):15,870-15,940
  • S&P500(FUT):1,785-1,805
  • NASDAQ(FUT):3,470-3,495
  • FTSE100(FUT):6,480-6,540
  • CAC40(FUT):4,120-4,155
  • DAX(FUT):9,110-9,190
  • HANG SENG (FUT):23,510-23,750
  • NIFTY(SPOT):6,130-6,205

PRECIOUS METALS:

  • As said in our prediction for the last day, precious metals turned out to be bullish and hence our prediction was right. Gold made a high of 1,246 while Silver made a high of 19.80.

Today, Venus shall enter in Capricorn. This is supportive for precious metals and crude oil.

INTRA-DAY TIMING:

Today, bullion shall be volatile to positive till 17.00 HRS (IST). Then on wards, a correction is indicated(with volatility).

After 21.00 HRS (IST), again a positive trend is seen till closing.

Tomorrow, again, a positive trend shall be seen in bullion till US opening.

It is expected that GOLD could touch 1,265 while Silver could touch 20.50.

TODAY’S TRADING RANGE:

  • GOLD:1,228-1,254
  • SILVER:19.50-20.20

View on Base Metals:

Copper and other base metals as said in the previous day’s letter, were positive. We are still positive in Copper.

Copper can touch 3.30 by the next day.

Today’s Trading RANGE:

Copper:3.20-3.26

View On Energy Products:

CRUDE OIL

Crude Oil has already turned positive since day before yesterday. This shall be positive for next week as well (with volatility).

NATURAL GAS

  • NG shall have mix trend.

    Today’s Trading Range:

  • CRUDE: 96.10-98.50
  • NG: 4.01-3.95

Currencies:

EUR/USD shall be volatile. Buy EUR/ USD on dips. EUR/USD shall be positive till 17.00 HRS (IST). And then a slight correction is expected. Again from 21.00 HRS (IST), EUR/USD shall turn positive.

TODAY’S TRADING RANGE:

  • EUR/USD: 1.3530-1.3650
  • USD/INR(SPOT): 61.50-62.50
  • DOLLAR INDEX: 80.85-80.50 (SELL ON HIGHER LEVEL)

View on Indian Stock Market

Today, Indian stock market shall have bullish opening. After 11.00 HRS (IST), profit booking is indicated in stock market up-to 13.00 HRS (IST). And then from 14.00 HRS (IST), bullish trend shall be seen till closing.

Today’s Trading Range:

  • NIFTY (FUT): 6,190-6,250
  • BANK NIFTY:11,100-11,400

BUY ON DIPS:

  • DLF
  • L&T
  • ADANI ENTERPRISES
  • YES BANK
  • TATA STEEL
  • SESA STERLITE
  • KTK BANK
  • RCAP
  • PETRONET

(Updated at : 05/12/2013 6:46:04 a12/p12 (IST))

Posted in Stock Market And Bullions, Technical Analysis and tagged , , .

Leave a Reply