Trend of GOLD, SILVER, HSI, DOW, S&P this week

03rd -7th December 2012

Global Stock Indices:

This week, global stock indices shall be volatile to positive.  Market trend is expected to be positive till 14th December 2012. The lower side for S&P 500 could be 1,405 but the higher side could be 1,465.

Similarly, for Nifty (SPOT) lower side 5,850 but higher side 6,000+.

Hang Seng Index (Fut)’s weekly range will be between 21,850-22,500.

Today’s View: Today, global stock indices are positive but profit booking possible at closing hours. However, in the US market profit booking can come after 2 hours of opening.

Trading Range (3rd December 2012):

  • DOW JONES (FUT):12,980-13,045
  • S&P 500 (FUT) :1,405-1,422
  • NASDAQ (FUT):2,670-2,690
  • FTSE (FUT): 5,865-5,920
  • CAC40(FUT):3,540-3,562
  • DAX (FUT): 7,380-7,440
  • HANG SENG IDX (FUT):21,980-22,140
  • NIFTY (SPOT):5,940-5,880

Precious & Industrial Metals:

This week, market will trade in Zig-Zag pattern. Several ups and downs could be observed in price of bullion. However, bullion will go up from 5th Dec’12 ‘s evening to 10th Dec’12’s evening. There is chance of some weakness any time before 5th Dec’12’s eve. 11th December’12 – 14th December’12 will be bullish but with heavy volatility. Please keep alert that between 14th to 17th December  2012, a sharp correction is possible. For positional traders, it’s recommended to buy only after 25th December 2012 and hold till February 2013 for new highs.

 

Weekly Trading Range (3rd – 7th December 2012):

  • GOLD: 1,704-1,732-1,742
  • SILVER: 32.80-34.40
  • COPPER: 363.00-368.00

ALERT: GOLD SHOULDN’T BREAK 1,700 AND SIMILARLY SILVER SHOULDN’T BREAK 32.80 BUT ANY HOW IF IT BREAKS THOSE LEVELS THEN GOLD CAN GO DOWN TO 1,684 & SILVER CAN GO DOWN TO 32.20. SO PLEASE KEEP YOURSELF CONNECTED WITH THE MARKET.

Today’s Trading Range (3rd December 2012):

  • GOLD: 1,730-1,705
  • SILVER: 33.40-34.20
  • COPPER: 364.00-366.00

Energy Products:

Crude Oil is volatile to positive for the day. However profit booking can come at closing hours of US Market.

Trading Range (3rd December 2012):

  • Crude Oil: 90.00-88.00
  • Natural Gas: 3.54-3.62

Currencies:

Trading Range (3rd December 2012):

  • EUR/USD: 1.3040-1.2980
  • USD/INR (SPOT): 54.50-54.05 (This week or next week, USD/INR can go down to 53.80)

Indian Stock Market:

Today, Indian stock market is volatile to positive. Profit booking is possible at closing hours.

BUY: IDFC, CENTURY, INDUSLAND BANK, SBI, KTK BANK, YES BANK, LIC, HDIL, TATA STEEL, L&T, Bharti

Trading Range:-

  • Nifty Fut:5,820-5,920
  • Bank Nifty Fut: 11,900-12,200 +

 

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