Stock Markets Around the globe

It’s the last day of positive trend for global stock indexes.

Market is ready for down-side correction any time around today’s closing hours (of respective markets).

This correction may continue with ups and downs till 17^th June 2014.

You are advised to make short position at higher level.

Make 50% short position in S&P500 around 1,950 and another 50% around 1,960. Hold this position for target 1,924-1,905.

Market shall trade in positive trend after 18^th June 2014.

TRADING RANGE:

–  DOW FUT: 16,950-16,880 {SELL ON HIGHER LEVEL}

–   S&P500 FUT(JUN): 1,955-1,941

– NASDAQ FUT:   3,780-3,820

– FTSE FUT: 6,890-6,820

– CAC FUT : 4,615-4,540

– DAX FUT: 10,040-9,950

– HANG SENG:23,180-22,850 {Make short position in HSI with stop loss 23,320 and hold for target 22,700 & below}

-AEX:416.50-413.00 {Make short position around 415-416 for target 408.}

PRECIOUS METALS

Today, weakness is indicated for bullion.

Recovery is indicated from US opening. With up and down, U turn is indicated from next trading session.

Good rise to be seen around Friday. This shall continue till 20^th June 2014.

BUY BULLION @ LOWER LEVEL

TRADING RANGE:

– GOLD : 1,259-1,242

– SILVER:19.15-18.80 & BELOW

INDUSTRIAL METALS

Copper is ready for U turn.

Buy Copper with stop loss 3.00 for target 3.14.

Sharp U turn is possible from tomorrow.

Trading Range:

–        COPPER:3.02-3.08

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall continue in bullish trend.

It shall remain positive with volatility till 22^nd June 2014.

Hold long position in Crude Oil with stop loss $103/bbl.

NATURAL GAS

NG shall trade in weakness and continue in the same trend with some volatility.

Trading Range:

–        CRUDE: 103.80-105.40

–        NG: 4.75-4.55

CURRENCIES

EURO

EUR/USD shall continue in pressure for the day.

From next trading session, EUR/USD shall enter in bullish trend and shall remain positive till next week.

It is advisable to make long position in EUR/USD at lower levels for target 1.3680+.

INDIAN RUPEE (USD/INR)

USD/INR shall remain positive for today and tomorrow.

DOLLAR INDEX

It is advised to short dollar index at higher level.

We expect Dollar Index to fall from next trading session.

TRADING RANGE:

– EUR/USD: 1.3570-1.3640

-USD/INR(SPOT):58.80-59.30

-DOLLAR INDEX: 80.80-80.55 {SELL @ HIGHER LEVEL}

US 10 YR-TREASURY BOND

Treasury bond shall start to trade in positive trend from tomorrow.

It can go up to 2.51-2.45.

Short bonds around 2.60-2.65.

TRADING RANGE:

-US 10 YR T BOND: 2.62-2.57

INDIAN STOCK MARKET

Today, Indian market shall be volatile to positive.

From 14.00 HRS IST, market shall trade in declining trend.

It shall continue to be negative till 18^th June 2014.

In NIFTY & BANK NIFTY, you are advised to make short position at higher level.

TECHNICAL LEVELS

NIFTY FUT if sustains above 7,690 can go up to 7,712-7,730-7,750. NIFTY FUT if drops below 7,640 can down to 7,600-7,550.  Nifty Fut will turn bearish if it drops below 7,510.

BANK NIFTY if sustains above 15,590 can go up to 15,685-15,770+. BANK NIFTY below 15,510 can drop to 15,450-15,335-15,160.

Bank NIFTY will turn bearish if drops below 15,110.

TRADING RANGE:

-NIFTY FUT: 7,680-7,580

-BANK NIFTY:15,800-15,500

BUY(INTRA-DAY):

-MARUTI

-PTC INDIA

-TATA STEEL

-LT FOOD

-SAIL

# We had asked you to long LT FINANCE @ 77, which is now trading at 81.00!!!

It is advisable to book profit between 81 and 85.00.