Wednesday, January 15, 2014
Stock Markets around the Globe
Today, sideways movement shall be seen in global stock markets. Profit booking is expected on higher level. However, for tomorrow, positive trend is predicted.
TRADING RANGE:
– DOW(FUT): 16,250-16,350
– S&P500 (FUT): 1,824-1,838
– NASDAQ(FUT):3,545-3,590
– NIFTY (SPOT):6,220-6,300
– FTSE (FUT): 6,700-6,750
– CAC40(FUT):4,260-4,295
– DAX (FUT):9,540-9,590
– HANG SENG (FUT):22,590-22,920

PRECIOUS METALS
Precious metals are expected to trade in sideways movement for the day.
Highly volatile trend shall be seen till 12.00 PM. And then onwards, up-to 18.00 HRS (IST), declining trend shall be seen. And from 20.30 HRS (IST), recovery is expected in precious metals.
Tomorrow, positive trend is expected in precious metals.
BUY PRECIOUS METALS @ LOWER LEVEL
TRADING RANGE:
= GOLD: 1,232-1,248
= SILVER: 19.90-20.40
Buy industrial metals at lower level for tomorrow.
Tomorrow, the trend is expected to be positive.
TRADING RANGE:
– COPPER: 3.31-3.35

ENERGY PRODUCTS
Crude Oil shall have volatile to mix trend but tomorrow, positivity shall be seen.
Similar trend shall be observed in NG.
TRADING RANGE:
 CRUDE OIL: 92.00-93.50 ( BUY @ LOWER LEVEL FOR TOMORROW)
 NG:4.30-4.38 (BUY @ LOWER LEVEL FOR TOMORROW)

CURRENCIES

Sell EUR/USD on rise.
USD/INR shall experience volatile trend.
Today, dollar index shall move upward.
Today, US Treasury bonds shall move downward. Some recovery is indicated from lower levels at late US hours.
TRADING RANGE:
= EUR/USD: 1.3685-1.3620
= USD/INR: 61.40-61.80
= DOLLAR INDEX:80.50-81.00
INDIAN STOCK MARKET
Today, Indian stock market shall have volatile to mix trend. Profit booking is expected on higher level(s).
Tomorrow, positive trend is expected in Indian stock market.
TRADING RANGE:
– NIFTY(FUT): 6,240-6,300
– BANK NIFTY: 10,900-11,100
BUY:
– LUPIN
– CAIRN
– RELIANCE INDUSTRIES
– INFOSYS
– YES BANK
– ICICI BANK
– CENTURY TEXTILE
SELL
– DLF
Updated at 1/15/2014 6:45 AM (IST)