View for 18th February 2014

Sent on Tuesday, February 18, 2014

Stock Markets around the Globe
Today, Mercury shall enter in Capricorn in retrogression motion.
Asian market shall be heavily volatile till 13.00 HRS (IST) with ups and downs (with some weakness).
After 13.00 HRS (IST), recovery shall start and closing may be positive for Asian market. Tomorrow, Asian markets are expected to be positive.
Today, UK market can have negative opening but closing is expected to be positive.
Some pressure may be seen in day hours for S&P500.
However, after US opening, S&P500 shall turn positive.
Buy S&P500 on dips and hold for tomorrow.
TRADING RANGE:
ONLY FOR MEMBERS

PRECIOUS METALS
Today, some volatility is indicated till 15.00 HRS (IST). And then onwards, positive trend is expected.
This positive trend shall continue till tomorrow’s UK Opening.
However, the trend shall be in negative direction after next day’s noon and shall last till Friday’s Asian hours.
A sharp correction is indicated on Thursday.
Hence, you are advised to book profit in long position by next day’s UK opening and make short position {for details, please wait for next daily newsletter}.
From Friday’s noon, market shall again be in bullish trend.
This bullishness shall continue till 27th.
TRADING RANGE:
-only for members
INDUSTRIAL METALS
Industrial metals shall be volatile to positive.
This positivity shall continue for next day as well.
TRADING RANGE:
-COPPER:3.25-3.29 AND ABOVE

-ENERGY PRODUCTS
CRUDE OIL
Crude Oil shall trade volatile to positive for the day and next day as well.
NATURAL GAS
NG shall trade in volatile to mix trend.
TRADING RANGE:
-OIL:99.70-101.50
-NG:5.60-5.05 {Around 5.60, profit book in your long position. If sustains above 5.60 then shall go up to 5.75}

-CURRENCIES
EURO
EUR/USD shall trade in tight range for the day.
From tomorrow’s UK opening, EUR/USD shall be in pressure and hence start declining.
Sharp correction is expected in EUR/USD on Thursday.
INDIAN RUPEE (USD/INR)
USD/INR shall be trading in tight range for the day.
But from next noon, USD/INR shall trade positive.
Buy USD/INR on dips.
DOLLAR INDEX
Dollar Index shall be in tight range for the day and from tomorrow’s UK opening, it shall move in positive direction. This positivity shall continue for Thursday as well Dollar Index may cross 81.00. Buy dollar index on dips.

TRADING RANGE:
-EUR/USD: 1.3750-1.3670 {SELL ON RISE}
-USD/INR: 61.70-62.10
-DOLLAR INDEX: 80.00-80.50

US TREASURY BOND
Treasury bonds shall continue in weakness with volatility.
However, from next day’s afternoon, bonds shall trade positive. It shall also remain positive for Thursday.

INDIAN STOCK MARKET
Today, Indian stock market shall be in pressure (with volatility) till 13.00 HRS (IST).
And then onwards, recovery shall be observed and closing is expected to be positive.
Tomorrow as well, Indian market shall remain positive.
TRADING RANGE:
-NIFTY (FUT): 6,040-6,105
-BANK NIFTY: 10,200-10,450
BUY ON DIPS:
-L&T
-YES BANK
-ICICI BANK
-TVS MOTORS
-BATA

Updated at 2/18/2014 7:19 AM(IST) |Authors: – Rajeev Prakash Agarwal, Shashi Prakash Agarwal
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