Stock Markets around the Globe

Today, Sun to enter in Capricorn while Mars to enter in “Chitra” nakshatra. This shall be positive for bullion and base metals.

Last night, stock market in US faced a big drop.

As per our analysis, US market shall start recovering from today.

With a stop loss of 1,809, you are recommended to long S&P500 for target 1,825-1,830.  And profit book around 1,830-1,835.

Tomorrow, weak opening is indicated in Asian market. However, it would recover from lower levels and eventually close positive.

Tomorrow, weakness is indicated in Asian market. Hence, you should book profit in long positions.

TRADING RANGE:

• DOW(FUT): 16,190-16,300
• S&P500 (FUT): 1,810-1,825-1,830
• NASDAQ(FUT):3,500-3,545
• NIFTY (SPOT):6,120-6,220
• FTSE (FUT): 6,620-6,690
• CAC40(FUT):4,220-4,255
• DAX (FUT):9,420-9,495
• HANG SENG (FUT):22,570-22,980

PRECIOUS METALS

Precious metals shall be volatile to positive for the day. Today, you are recommended to book 50 % profit in long position around 1,260-1,264  (GOLD) & 20.50-20.70 (SILVER) as tomorrow, we are expecting some weakness in precious metals.

TRADING RANGE:

• GOLD: 1,240-1,260
• SILVER: 20.00-20.70

INDUSTRIAL METALS

• Base metal shall be volatile to positive.

It is recommended to profit book in 50 % position of industrial metals around 3.37.

TRADING RANGE:

• COPPER: 3.32-3.37

ENERGY PRODUCTS

Mix trend is indicated for Crude Oil.

It is recommended to buy OIL at lower level and profit book at higher level.

Buy NG at lower levels and profit book at higher levels.

TRADING RANGE:

• CRUDE OIL:91.45-92.70
• NG:4.22-4.35

CURRENCIES

Sell EUR/USD on rise.

TODAY’S TRADING RANGE:

• EUR/USD: 1.3685-1.3640-1.3620
• USD/INR: HOLIDAY
• DOLLAR INDEX:80.40-81.00
  

  INDIAN STOCK MARKET

Today, Indian stock market shall have bearish opening. Recovery is indicated from 11.00 AM (IST).

Closing is expected to be positive.

However, tomorrow, some weakness is indicated and hence, you should profit book in your long position today itself.

TRADING RANGE:

• NIFTY(FUT): 6,220-6,300+
• BANK NIFTY: 10,900-11,150+

BUY:

-RANBAXY S/L 420 POSITIONAL TGT 480-520

-GATI

-LUPIN

-ONGC

-ICICI BANK

-RIL

-COAL INDIA

-ESSDEE S/L 600 POSITIONAL TGT 680-700

SELL

-JSPL

IMPORTANT ALERT

On 31^st January 2014, Venus shall be in direct motion. And there are important planetary changes on 21^st January 2014. After 21^st January 2014, global stock market can have a very “big” correction.  Either it will come after 21^st or 28^th January 2014. And this correction shall continue till February 2014. In this time period, S&P500 can drop to 1,720.