5th March 2014: For stocks, commodities, currencies

Stock Markets around the Globe

– Today, Asian market shall experience profit booking in second half. Profit booking shall be witnessed in UK and US market.

– Tomorrow, Asian opening is expected to be negative.

TRADING RANGE:

• DOW(FUT): 16,390-16,290
• S&P500 (FUT): 1,878-1,858
• NASDAQ(FUT):3,740-3,690
• NIFTY (SPOT):6,345-6,280
• FTSE (FUT): 6,830-6,740
• CAC40(FUT):4,395-4,365
• DAX (FUT):9,580-9,505
• HANG SENG (FUT):22,980-22,640 & BELOW {SELL @ HIGHER LEVEL}
• Ø PRECIOUS METALS

Bullion shall trade in somewhat positive trend from 12.00 HRS IST to 19.00 HRS IST. And then weakness shall be encountered.

Jupiter shall be in direct motion next evening (16.45 HRS IST).

Sharp correction is indicated for bullion in next day.

SELL GOLD & SILVER ON RISE FOR TGT 1,310-1,295 & 20.80-20.50& BELOW respectively. HOLD SHORT POSITION FOR TOMORROW’S US CLOSING.

TRADING RANGE:

• GOLD:1,343-1,330
• SILVER: 21.42-20.90
• Ø INDUSTRIAL METALS

Copper shall trade volatile to positive. Hold copper for target 3.25-3.30.

TRADING RANGE:

• COPPER:3.19-3.23
• Ø ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall trade highly volatile for the day.

NATURAL GAS

NG shall trade volatile to positive. Hold position for target 5.25-5.80.

TRADING RANGE:

–          OIL:102.80-103.80

–          NG:4.54-4.75

• Ø CURRENCIES

EURO

Sell EUR/USD at higher levels.
INDIAN RUPEE (USD/INR)

SELL USD /INR on RISE.

DOLLAR INDEX

Dollar index is highly volatile. Sharp rise is expected from tomorrow.

TRADING RANGE:

• EUR/USD: 1.3765-1.3690
• USD/INR: 62.15-61.80 & BELOW
• DOLLAR INDEX: 80.00-80.30