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12th December 2012
Global Stock Indices:
Today, all global stock indices shall have volatile to positive opening. But profit booking is possible at higher levels. Today, it’s the FOMC meeting and so it’ll be pretty uncertain.
You can book profit in long positions at higher level and wait for FOMC announcement.
Trading Range (12th December 2012):
- DOW JONES (FUT):13,320-13,220
- S&P 500 (FUT) :1,437-1,422
- NASDAQ (FUT):2,705-2,670
- FTSE (FUT): 5,955-5,890
- CAC40(FUT):3,645-3,625
- DAX (FUT): 7,640-7,570
- HANG SENG IDX (FUT):22,550-22,350
- NIFTY (SPOT):5,945-5,900
Precious & Industrial Metals:
Today, Precious metals shall be positive till evening. After evening, it can be range bound.
After 23.30 HRS (IST), it can turn uncertain.
Today, it’s the FOMC announcement and so major volatility could be seen.
You can hold long position but with small quantity.
Today, Bullion is positive till 17.00 HRS (IST).
From 17.00 HRS – 23.00 HRS (IST), it’ll be range bound.
From 23.00 HRS (IST) – 13 DEC 2012 ’06.00 HRS’, it’ll have mix trend and can be uncertain.
Hold long position in Silver with stop loss 32.70 & Gold with stop loss 1702.
We are again repeating that Positional traders should wait for 26th December ’12.
Astrology says that Gold and Silver will definitely make new high in February 2013.
Today’s Trading Range (12th December 2012):
- GOLD: 1,718-1,704
- SILVER: 33.40-32.80
- COPPER: 370.00-365.00
Energy Products:
Today, Crude Oil is volatile to positive. Profit booking is possible on higher level at late evening.
Trading Range (12th December 2012):
- Crude Oil: 89.00-85.00
- Natural Gas: 3.46-3.40
Currencies:
Trading Range (12th December 2012):
- EUR/USD:1.3060-1.2960
- USD/INR (SPOT): 54.20-54.50
- DOLLAR INDEX: 80.20-79.80
Indian Stock Market:
Today, Indian stock market shall have positive opening. However, profit booking is possible at higher levels.
Today, you can buy: RPOWER with stop loss 98.00 for target 102.00-104.00.
You can also make long position in ADANI, MCDOWELLS.
You can make short position in AXIS BANK, SYNDICATE BANK, TATA STEEL ON HIGHER LEVEL.
Trading Range(12th December 2012):-
- Nifty Fut:5,960-5,920
- Bank Nifty: 12,500-12,250
Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.
HAPPY TRADING
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