IMPORTANT NOTIFICATION:

>>>>>>>ANNUAL LETTER 2014 HAS BEEN RELEASED<<<<

GLOBAL STOCK MARKET

Market shall be in bearish mood (with volatility) till Wednesday. U turn shall be observed from 9^th January 2014.

This shall continue in positive trend (with volatility) till 20^th January 2014.

We do not expect S&P500 FUT to cross 1,855. In short term (about 2 months), we may see S&P 500 FUT trade below 1,700.

By 8^th January 2014, S&P500 may go down to 1,800-1,790.

PREDICTION ON BULLION

In this week, GOLD may cross 1,265 while SILVER may cross 21.00.

In near short term, GOLD may be seen at 1,330 while Silver may be seen at 23.00.

We expect a good rise on 6^th and 7^th January 2014.

CURRENCIES

EUR/USD:

Sell EUR/USD on rise.

In short term, EURO may be seen below 1.300 against DOLLAR.

Weakness may continue in EUR/USD till 8^th January 2014 and then U turn is indicated from 9^th January 2014.

In this week, USD/INR may cross 62.80.

Dollar Index is expected to trade positive till 8^th January 2014 and then decline from 9^th January 2014.

Indian Stock Market

Weakness is indicated till Wednesday.

Some recovery is indicated from 9^th January 2014 which may continue up-to 20^th January 2014 with volatility.

Monday shall be a highly volatile to weak day for the Indian stock market.

MONDAY’S TRADING RANGE:

• NIFTY(FUT): 6,265-6,180
• BANK NIFTY: 11,350-11,100

BUY:

–          TCS

–          WIPRO

–          INFOSYS

–          BATA

–          CENTURY TEXTILE

–          RANBAXY

SELL AT HIGHER LEVEL:

–          HDIL

–          BHEL

–          ADANI ENTERPRISES

–          SBI

–          PNB

–          TATA STEEL

–          TATA MOTORS