10th April 2015: Today’s newsletter

GLOBAL STOCK INDICES

Since 8th’s US opening, it was the horror show of “Scorpio
Moon”. This increased the uncertainty & volatility.

S&P500 shall experience a trend reversal.
A sharp correction is expected in S&P500 on Monday –
Tuesday.
Today onward, VIX shall also move up.
BUY VIX today & hold for next week.
Short S&p500 JUN contract with s/l 2102 for target 2,040 which
can be achieved any time soon.

BULLION

Bullion can have a trend reversal soon.
Big positive move shall be seen but only after 15th, which
would continue with volatility till June 2015.

Hold long position in GOLD with s/l 1,190 & SILVER
with s/l 16.00. If 1,190 is breached, it can drop to 1,180.

INDUSTRIAL METALS
Copper is expected to rebound i.e. move up.

CRUDE OIL
Crude Oil shall be range bound for the day. Hold short
position in crude oil.
NATURAL GAS
NG shall trade in mix trend. Skip trading in NG as we
aren’t clear about its trend.
If you want to long NG, you can do that with s/l 2.50.
Today’s Trading Range:
– CRUDE:51.50-49.50
– NG:2.50-2.60

EURO
EUR/USD shall start moving up today.
Buy EUR/USD with s/l 1.0600 and hold for next week.

INDIAN RUPEE (USD/INR)

Buy USD/INR on dips.

DOLLAR INDEX
Short dollar index today and hold short position for next week.

TRADING RANGE:
– EUR/USD: 1.0620-1.0770
-USD/INR(SPOT):62.10-62.40
-DOLLAR INDEX:99.40-98.40

US 10 YR-TREASURY BOND
Hold long position in bonds for next week.

INDIAN STOCK MARKET
Indian market shall be volatile.
In last 1 hour, profit booking can be observed.
In next week, sharp correction is expected.
BUY NIFTY PUT OPTION for target 8,600 & BANK NIFTY PUT OPTION for target 18,500.
Short bank nifty with s/l 19,000.
TRADING RANGE:
– NIFTY FUT: 8,850-8,720
– BANK NIFTY: 18,990-18,500
Buy on dips:
– HDIL
– BHEL
– HDFC BANK
– CENTRAL BANK
– LIC