PRECIOUS METALS

Last day, Gold made a high of 1,301 while Silver made a high of 20.65. Gold and Silver shall turn positive from UK opening.

For next day as well, bullion shall be in positive trend.

After the non-farm pay roll announcement due tomorrow, bullion shall turn bullish.

The next week is highly bullish for bullion.

The next week’s weekly closing shall witness GOLD & SILVER at a much higher price.

BUY GOLD & SILVER ON DIPS.

TRADING RANGE:

–        GOLD : 1,291-1,310+

–        SILVER:20.40-21.00+

Stock Markets Around the globe

Last eve, S&P500 made a low of 1,958 and a high of 1,970.

Half of the position you bought in S&P500 @ 1,958 has been profit booked at 1,970 and you are expected to hold the rest. You can buy back 50% position in S&p500 around 1,960 for target 1,975.

From UK opening, market shall go up. Again, after mid session, pressure may be seen in American market.

Next day’s Asian opening can be negative. But from 11.00 HRS IST (tomorrow), market shall enter in positive trend.

Next day, it’s the non-farm pay roll announcement. After this announcement, I feel that the stock market shall decline.

However, it’ll bounce back.

In next week, market is overall bullish.

TRADING RANGE:

– DOW FUT: 16,780-16,920

– S&P500 FUT(SEP): 1,960-1,975

– NASDAQ FUT(SEP):   3,950-3,980

-FTSE FUT: 6,720-6,775

– CAC FUT : 4,310-4,360

-DAX FUT: 9,580-9,670

– HANG SENG:24,540-24,900

– AEX:406-408

CURRENCIES

EURO

EUR/USD made a low of 1.3370 last day. According to our analysis, the low has been made for EURO. Any time in next week, EUR/USD shall be seen crossing 1.3500.

With stop loss of 1.3350, hold long position in EURO against USD.

INDIAN RUPEE (USD/INR)

With stop loss of 59.70, long USD/INR for target 60.20-60.40.

DOLLAR INDEX

Dollar Index made a high of 81.60 last day. From here, it shall have a U turn. In coming days, dollar index could drop to 80.00.

TRADING RANGE:

– EUR/USD: 1.3380-1.3450

-USD/INR(SPOT):60.00-60.25

-DOLLAR INDEX: 81.55-81.20

US 10 YR-TREASURY BOND

Last day, 10 YR Treasury bond went down as mentioned. It made a low of 2.57. It may again go up to 2.48 today.

You can long 10 YR Treasury bond @2.55-2.57 for target 2.48.

After Non-farm pay roll announcement due tomorrow, bond shall go up.

TRADING RANGE:

-US 10 YR T BOND:2.57-2.48

 INDIAN STOCK MARKET

Indian market shall be weak for first 3 hours from opening. And then, it shall bounce back.

All the stocks mentioned previous day made great profit for our clients. We hope you’d enjoyed!

Last day, Bank Nifty did a phenomenal job, profit wise.

For today, market shall be bullish in second half.

Next day, market can be weak till 11.30 HRS IST.

You are advised not to carry long position for next day.

However, market shall turn positive after 11.30 HRS IST.

TRADING RANGE:

->NIFTY JULY FUT: 7,720-7,820

->BANK NIFTY:15,200-15,600

BUY:

– RELIANCE CAPITAL

–  TEXRAIL

– SESA STERLITE

– HPCL

– BPCL

–  INFOSYS