Bullion and Stocks on 14th February 2014

Sent on Friday, February 14, 2014

Stock Markets around the Globe
Today, Asian markets shall open positive. After 1-2 hours of opening, again, weakness shall start.
It should be noted that market would recover before closing.
As per astrology, market is expected to be weak till 18th February 2014. And then, a recovery would be observed, which could last for two to three days. And then again, decline.
Investors need to be really conscious as any time by March 2014, a big fall could be observed.
Uk and US markets shall experience profit booking at higher levels today.
You are advised to short S&P500 at higher level with stop loss 1,856.
TRADING RANGE:
-DOW(FUT): 16,050-15,920
-S&P500 (FUT): 1,836-1,808
-NASDAQ(FUT):3,680-3,620
-NIFTY (SPOT):5,990-6,060 ( SHORT @ HIGHER LEVELS)
-FTSE (FUT): 6,670-6,580
-CAC40(FUT):4,354-4,290
-DAX (FUT):9,680-9,560
-HANG SENG (FUT):22,450-22,000 (At closing, short HSI)
-PRECIOUS METALS
Precious metals are positive for the day.
Especially between 12.00-16.00 HRS (IST) and after DOW OPENING, good rise is indicated for gold and silver.
You are advised to book profit in long position at higher levels and DO NOT MAKE SHORT POSITION FOR NEXT WEEK.
You are also instructed to make fresh position next week.
GOLD can cross 1,350 while SILVER can cross 21.50 by this month.
In the last week of Feb – first week of March, a sharp reversal could be seen. For details, wait for weekly newsletter.
TRADING RANGE:
-GOLD:1,288-1,320 & ABOVE
-SILVER: 20.20-21.00+
INDUSTRIAL METALS
Today, industrial metals shall be volatile to positive.
Base metals and Copper shall trade highly positive after 18th Feb 2014.
TRADING RANGE:
-COPPER:3.22-3.27

-ENERGY PRODUCTS
CRUDE OIL
Crude Oil is positive as per astrology.
In coming days, OIL would go up to $105/bbl.

NATURAL GAS
NG can go up to 5.50 today. You are advised to book profit there.
TRADING RANGE:
– OIL:99.00-101.50+
– NG:4.90-5.50

-CURRENCIES
EURO
Sell EUR/USD at higher levels.
In next week, EUR/USD would be seen at lower levels.
INDIAN RUPEE (USD/INR)
Buy USD/INR at lower levels and book profit @ 62.50 and then buy back around 62.00-62.20.
DOLLAR INDEX
Dollar Index will try to move in positive direction.
TRADING RANGE:
-EUR/USD: 1.3690-1.3590
-USD/INR: 62.60-62.20
-DOLLAR INDEX: 80.20-80.80
-US TREASURY BOND
Today, Bonds shall be volatile to weak. You are advised to short bonds at higher levels.
-INDIAN STOCK MARKET
Today, Indian stock market shall have positive opening.
Decline shall be observed between 10.00-12.30 HRS (IST).
From 12.30 HRS IST, volatile trend shall be seen.
DO NOT HOLD LONG POSITION FOR NEXT WEEK.
YOU ARE ADVISED TO SHORT AT HIGHER LEVELS.
TRADING RANGE:
-NIFTY(FUT): 6,060-6,000
-BANK NIFTY: 10,400-10,100
BUY DLF PUT OPTION (135) WITH S/L 145.00.
BUY:
– SUN PHARMA
Sent at 2/14/2014 7:05 AM(IST) |Authors: – Rajeev Prakash Agarwal, Shashi Prakash Agarwal

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