Global Stock Indices:

Stock markets around the globe shall recover from lower level. Again, short position shall be made in closing hours. Tomorrow, a sharp decline is indicated.

SHORT S&P500 AROUND 1,810-1,812 AND HOLD FOR NEXT DAY FOR TARGET 1,790-1,785.

It is recommended to short indices at closing hours of respective market(s) as we expect a correction the very next day.

 Today’s Trading Range:

–          DOW(FUT):15,990-16,060

–          S&P500(FUT):1,802-1,812

–          NASDAQ(FUT):3,515-3,545

–          FTSE100(FUT):6,520-6,565

–          CAC40(FUT):4,080-4,110

–          DAX(FUT):9,095-9,140

–          HANG SENG (FUT):23,550-23,850

–          NIFTY(SPOT):6,310-6,380

Precious metals shall trade highly volatile and uncertain.

Sell GOLD & SILVER @ higher level for tomorrow

View on Base Metals:

Sell COPPER on higher levels.

Today’s Trading RANGE:

Copper:3.29-3.23

View On Energy Products:

NG shall trade both sides.

Today’s Trading Range:

–          CRUDE: 98.85-96.50

–          NG: 4.23-4.27

Currencies:

Sell EUR/USD on upper level and hold short position for tomorrow.

Mercury is moving to Jyeshthta nakshatra next morning. From then on wards, USD/INR shall see a bounce back. USD/INR could go up to 63.00-64.00.  For next 15 days, USD/INR shall be positive.

Dollar index shall move in upward direction till tomorrow.

TODAY’S TRADING RANGE:

–          EUR/USD: 1.3785-1.3680

–          USD/INR(SPOT): 60.90-61.30

–          DOLLAR INDEX:79.90-80.35

View on Indian Stock Market

Today, Indian stock market shall recover from lower level. Profit booking may be seen after 14.00 HRS (IST).

Tomorrow, market may be bearish.

TRADING RANGE:

–          NIFTY FUT: 6,320-6,380

–          BANK NIFTY: 11,800=12,200

BUY:

–          HCL TECH

–          TCS

–          INFOSYS

–          UNITED BREWERIES

–          ESCORT

IT sector shall be positive in coming days.