Stock Markets Around the globe
As expected, Asian market has positive opening.
For today, UK & US market shall be strong. Sun to move to Virgo today and form a conjunction with Rahu.
Venus shall combust today.
Jupiter shall be debilitated in navmansha on 20th September 2014 & move to Capricorn.
These planetary positions shall spoil the position of global stock market (starting from next day) i.e. make them weak.
It is advisable to make short position at closing hours as next day, Asian can open negative. You are advised to book profit in long position in US market and make short position in S&P500 around 2,000 at closing hour.
From next day, weakness shall start, which will continue to 15-16th October 2014.
TRADING RANGE:
– DOW FUT: 17,000-17,120
– S&P500 FUT:1,982-2,000
– NASDAQ FUT: 4,040-4,075
– FTSE FUT: 6,750-6,820
– CAC FUT : 4,410-4,465
– DAX FUT: 9,650-9,750
– HANG SENG:24,300-24,650
– AEX: 416-421
PRECIOUS METALS
Gold and Silver shall enter a bullish phase from 11.30 HRS IST, which shall continue till Friday and make Gold & Silver reach 1,280 & 19.20 respectively.
TRADING RANGE:
– GOLD :1,232-1,248
– SILVER:18.58-18.95
INDUSTRIAL METALS
As expected, Copper traded positive. In the last trading session, Copper made a high of 3.16.
Trading Range:
– COPPER:3.12-3.18
ENERGY PRODUCTS
CRUDE OIL
Crude Oil as expected traded positive. It went up by 2$/bbl last day. It is advisable to buy crude on dips.
Till 19th October 2014, Crude Oil is expected to cross $110/bbl.
NATURAL GAS
NG shall follow the trend of crude oil. NG is positive for today.
Trading Range:
– CRUDE: 92.80-94.50
– NG:3.94-4.04
CURRENCIES
EURO
EUR/USD shall remain positive for the day. From next day, declining trend may be observed.
It is advisable to close long position in EUR/USD today.
INDIAN RUPEE (USD/INR)
USD/INR shall remain positive with volatility.
In October, it can cross 62.00.
DOLLAR INDEX
Dollar Index shall trade negative for the day.
It could drop down to 84.00-83.80.
From next day, positive trend is expected for Dollar Index.
TRADING RANGE:
– EUR/USD: 1.2930-1.2990
-USD/INR(SPOT):60.70-61.30
-DOLLAR INDEX:84.45-83.90
US 10 YR-TREASURY BOND
Bond made a high of 2.52 last day.
Today again, it’ll go up.
It is advisable to buy @ 2.59-2.60.
It shall remain positive for next day as well.
TRADING RANGE:
-US 10 YR T BOND:2.61-2.55
INDIAN STOCK MARKET
Indian market witnessed a sharp correction last day.
As previously mentioned, today we shall be having positive opening in Indian market. Furthermore, the closing as well shall be positive.
From next day, market shall enter in a short term bear trend.
NIFTY can drop to 7,600-7,500.
The change of position of Jupiter on 20th shall influence banking and financial stocks in a negative manner. More correction is expected in BANK NIFTY OCTOBER.
SELL NIFTY OCT FUT & BANK NIFTY OCT today at closing hour.
TRADING RANGE:
NIFTY FUT:7,950-8,050
BANK NIFTY: 15,900-16,300
INTRA-DAY BUY:
-SBI
-BANK OF INDIA
– DR. REDDY
– BIOCON
– RELIANCE CAPITAL
Updated 9/17/2014 @ 7:26 AM(IST)
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