Stock Markets Around the globe
Last day, DOW FUT made a low of 16,600 while S&P500 made a low of 1,919. For today, some recovery may be observed. It is advisable to short indices at higher level (for instance- Short S&P500 FUT@ 1,960-1,965, DOW FUT @ 16,850-900. By 18th October 2014, S&P500 (F) could drop to 1,905-1,880 while DOW(F) could drop to 16,400-16,200).
– DOW FUT: 16,650-16,880
– S&P500 FUT:1,935-1,962
– NASDAQ FUT:3,960-4,015
– FTSE FUT: 6,410-6,490
– CAC FUT : 4,240-4,330
– DAX FUT: 9,200-9,350
– HANG SENG:22,500-22,780
A sharp decline may be seen in bullion today. Stay away from Gold and Silver for the day.
However from 20.30 HRS IST, recovery may be observed. If this mentioned recovery is seen in market then bullion shall start moving up. Otherwise, bullion shall turn positive from Monday.
– GOLD :1,219-1,204
Mixed trend is expected in Copper.
CRUDE OIL & NATURAL GAS
Crude Oil made a low of 89.90. Crude Oil and NG are uncertain for today as well. For once, Crude may drop down to 88/85.
– CRUDE: 92.50-89.00
A sharp correction is expected in EUR/USD today.
In the previous trading session, EUR/USD made a high of 1.2690.
For today, EUR/USD can break 1.2500.
INDIAN RUPEE (USD/INR)
Dollar Index shall move up for the day.
– EUR/USD: 1.2680-1.2480
US 10 YR-TREASURY BOND
For today, bonds shall drop.
-US 10 YR T BOND:2.40-2.52
INDIAN STOCK MARKET
Owing to dussehra, Indian market shall remain closed for the day.
On Monday as well, owing to Eid, it’s a holiday.
– NIFTY FUT:CLOSED