Newsletter sent this morning (29th November 2013)

Here’s a copy of what was sent to our customers in the morning.

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29th November 2013
Daily Newsletter

Global Stock Indices:
Today, global stock markets shall be volatile to positive. Profit booking is expected at closing hour. Hold short position in S&P500 with s/l 1812. If 1,812 is crossed then 1,820 could be reached.

Today’s Trading Range:
DOW(FUT):16,040-16,130
S&P500(FUT):1,810-1,800
NASDAQ(FUT):3,460-3,495
FTSE100(FUT):6,630-6,680
CAC40(FUT):4,280-4,320
DAX(FUT):9,340-9,410
HANG SENG (FUT):23,600-24,050
NIFTY(SPOT):6,120-6,220
ALERT: Monday’s opening could be negative in Asian market however market shall be overall positive.
PRECIOUS METALS:
Bullion shall be highly volatile till 15.00 HRS (IST)> And then up to 18.00 HRS (IST), bearish trend is expected. And then up to 21.00 HRS (IST), positive trend is expected. And from then onwards, precious metals shall be range bound.
TODAY’S TRADING RANGE:
GOLD:1,236-1,254
SILVER:19.60-20.10
View on Base Metals:
Base metals shall be volatile to bearish. Sell base metals on rise.
Today’s Trading RANGE:
Copper:3.22-3.18
View On Energy Products:
CRUDE OIL& NG
Sell CRUDE OIL on rise.
NG shall be volatile to positive.
Today’s Trading Range:
CRUDE: 93.50-91.50
NG: 3.90-3.96
Currencies:

TODAY’S TRADING RANGE:
EUR/USD: 1.3550-1.3620
USD/INR(SPOT): 62.20-62.80
DOLLAR INDEX:80.50-80.80

View on Indian Stock Market
Today, Indian stock market shall be volatile to positive (especially opening to 11.00 HRS IST and 12.00 HRS IST – closing). Profit booking is expected at closing hour.
Today’s Trading Range:
NIFTY (NOV FUT): 6,120-6,220
BANK NIFTY: 10,800-11,100

BUY ON DIPS:
L&T
APOLLO TYRES
CROMPTON GREAVES
BHEL
YES BANK
PNB
TATA COM
SELL ON RISE:
RENUKA SUGAR
BALRAMPUR CHINI

(Updated at : 29/11/2013 7:07:04 am(IST))

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