Newsletter and Market View for 5th November 2013

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Global Stock Indices:

Today, its the SCORPIO Moon, which shall continue till next noon (15.30 HRS IST). Due to this, uncertainty shall be observed in global stock indexes.

Global stock markets shall continue in weak trend with ups and downs (till 7th November 2013). Sell stock indexes on upper level.

By 7th November 2013, in US market, a sharp fall could be observed. S&P500 can come up to 1,720. It should be noted that next Asian opening could be positive (however, a fall shall be seen later).

Today, in Asian market, the first half shall be negative while in second half recovery shall be seen. In UK market, we shall observe positive opening. US market shall have mix trend for the day. (It should first go negative and then recover).

Today’s Trading Range:
DOW(FUT):15,590-15,520

S&P500(FUT):1,765-1,753

NASDAQ(FUT):3,392-3,360

FTSE100(FUT):6,790-6,740

CAC40(FUT):4,292-4,265

DAX(FUT):9,055-8,980

HANG SENG (FUT):23,290-22,900

NIFTY(SPOT):6,360-6,300

PRECIOUS METALS:

Today, volatile to weak trend is expected. Up-to closing hour, precious metals shall trade negative (especially from 12.00-16.00 HRS IST and around US opening).
TODAY’S TRADING RANGE:

GOLD:1,325-1,303

SILVER:21.95-21.20

View on Base Metals:

Copper shall be volatile to range bound. From tomorrow, a recovery shall be seen. Buy copper on dips.
Today’s Trading RANGE:
Copper:324-330
View On Energy Products:

CRUDE OIL
Crude Oil shall be range bound for the day. From the next day, a U turn shall be observed (this shall move OIL in upward direction & it’ll remain positive till next week).
NATURAL GAS
Sell NG on rise.
Today’s Trading Range:

CRUDE: 94.00-95.80

NG: 3.52-3.38

Currencies:

Sell EUR/USD on rise.
TODAY’S TRADING RANGE:
EUR/USD: 1.3530-1.3440

USD/INR(SPOT): 61.40-62.50

View on Indian Stock Market

Today, Indian stock market shall experience volatile to slightly positive trend.

You should be cautious at higher level(s) as in coming 1 – 2 day(s), a sharp correction could be observed.

Do not buy a big quantity on higher level(s). Avoid carrying forward long positions on over-night basis.

If Nifty breaks 6,290 then a big fall can be observed.

As far as astrology is concerned, Nifty can break 6,200 this week.

Today’s Trading Range:

NIFTY:6,360-6,300

BANK NIFTY: 11,800-11,600

SELL:

DLF (S/L 161 TGT 152)

TATA MOTORS (S/L 395)

TATA POWER (S/L 84 TGT 78-76)

BUY:

DENA BANK S/L 58 TGT 61-62

CANARA BANK S/L 268 TGT 273-275

JAIN IRRIGATION