Today, Asian market shall be volatile to positive. Some profit booking is possible at closing hours.

Weakness shall continue in UK market. Today, sharp fall could be observed in US market.

Global stock indices could open negative on Monday but the trend will turn to be positive from Monday.

VIEW ON PRECIOUS METALS

Today, bullion shall be volatile to slightly positive during day-hours. However, a fall is indicated in US hours.

Bullion can turn positive from Monday.

Base metals shall be volatile to slightly positive in day-hours. Sharp fall is possible in base metals in US hours.

View On Energy Products:

NG shall be volatile to bullish. In near time (perhaps next week), our target is 4.55-4.60.

Accumulate long position in Natural Gas at lower level.

Crude Oil shall be slightly positive in day hours. Again weakness may be seen in evening /US hours. Sell Oil on rise.

Currencies:

EUR/USD is expected to volatile to some positive in day hours while sharp fall could be observed in evening hours. It is advisable to SELL EUR/USD on higher levels.

Late night, you can short USD/INR in international market for next week.

Trading Range (19th April 2013):

·         EUR/USD: 1.3110-1.2950 & BELOW