Daily Newsletter (4^th December 2015)

Global Stock Indices

S&P500 FUT shall recover from lower level. It can move up to 2080-2090. However after non-farm payroll announcement, market shall become uncertain and enter bearishness.

It is advisable to short S&P500 at higher level with stop loss 2105. The first few days of next week may seem to be weak. In the second half of next week, market shall be positive. On Monday, market can open a positive note and so you are advised to cover short position today itself. In next week’s Monday-Tuesday, correction may be observed.

TRADING RANGE:

• DOW (FUT):17630-17450
• S&P 500 (FUT): 2080-2040
• NASDAQ (FUT): 4660-4590
• FTSE (FUT):6280-6200
• CAC(FUT):4750-4680
• DAX(FUT):10820-10650
• AEX(FUT):450-441
• HENG SENG(FUT):22050-22300

PRECIOUS METALS

As expected post ECB meet, bullion moved up. However, due to FED’s interest based sentiment, this positivity couldn’t have a very considerable magnitude. Today, it may move up to a slight extent but after non-farm payroll announcement, bullion shall again drop. With stop loss of 1066, you can make short position in Gold at the moment or before non-farm payroll announcement. This weakness of bullion shall continue for first few days of next week. The first half of next week may seem to be weak.

TRADING RANGE:

• GOLD: 1065-1045 & BELOW
• SILVER:14.25-13.90 & BELOW

INDUSTRIAL METALS

Sell Copper on rise. It shall follow the trend in bullion.

TRADING RANGE:

– COPPER: 2.07-2.02

ENERGY PRODUCTS

CRUDE OIL

It is the OPEC meeting. Oil may move up to 43-44 for once. But in next week, declining trend is predicted.

Around 43-44, you can build the short position.

NG

NG shall trade in zigzag pattern. Short NG at higher level.

TRADING RANGE:

• CRUDE: 41-43
• NG: 2.25-2.10

CURRENCY PAIRS

EURO

EUR/USD behaved as expected. It made a high of 1.0990. You can short 50% of EUR/USD at this level and rest 50% @ 1.0950.

In next week, it can drop to 1.0600 or lower.

After non-farm payroll announcement, it shall drop along with Gold.

USD/INR

With stop loss of 67, you can build short position in USD/INR for target 66.50.

DOLLAR INDEX

Dollar Index made a low of 97.80. It traded as per our prediction.

You are advised to long dollar index. In first half of next week, it shall bounce back to 100.

TRADING RANGE:

• EUR/USD: 1.0930-1.0800 & BELOW
• USD/INR: 66.90-66.60
• DOLLAR INDEX:97.80-99.20

US TREASURY BONDS

Book 50% Profit in short position at 2.30 and for rest 50%, hold for target 2.35.

TRADING RANGE:

• US 10 YR TREASURY: 2.26-2.35

INDIAN STOCK MARKET

Indian market shall have gap down opening for the day. After 13.00 HRS IST, recovery shall be observed.

On Monday, market may seem to be positive.

TRADING RANGE:

• NIFTY FUT: 7830-7950
• BANK NIFTY: 16900-17300

Short term traders are advised to maintain “buy on dips” strategy as a good news may come by 20^th December 2015 (especially in the banking sector).

BUY ON DIPS (INTRADAY):

• TATA MOTORS S/L 402 TGT 420
• JAIN IRRIGATION
• DENA BANK S/L 43

SELL:

• BHEL S/L 86

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