6^TH December 2013

Daily Newsletter

Global Stock Indices:

Uncertainty and heavy volatility shall continue in global stock market(s). Owing to non-farm payroll data due today, pressure shall be exerted on stock market.

However, market shall trade positive in next week.

Market shall be “good” bullish from 16^th December 2013 up-to end of Dec’13.

• TRADING RANGE ::::::::::ONLY FOR MEMBERS

PRECIOUS METALS:

• Today, day hours shall be slightly supportive for precious metals. However owing to non-farm pay roll data, sharp correction is possible in US hours.
• It’s advisable to be alert.
• Sell precious metals on higher level(s).

  INTRA-DAY VIEW:

  Upto 17.00 HRS (IST), slightly supportive for precious metal.

  From 18.00 HRS (IST), a sharp correction is indicated.

  Before non-farm pay roll data announcement, if you shall have any long position, you are advised to close that and make short position in precious metals (before the announcement of non-farm pay roll data). 

• TRADING RANGE ::::::::::ONLY FOR MEMBERS

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  View on Base Metals:

  Today, base metals shall experience pressure at higher levels. It shall follow the trend of precious metals.

• • TRADING RANGE ::::::::::ONLY FOR MEMBERS

View On Energy Products:

CRUDE OIL

Crude Oil shall again face a declining trend due to non-farm pay roll announcement. It is advisable to short Crude on higher level.

NATURAL GAS

• NG shall be volatile to positive. 

Currencies:

Sell EUR/USD on higher level.

TODAY’S TRADING RANGE:

• EUR/USD: 1.3710-1.3620
• USD/INR(SPOT): 61.20-61.80
• DOLLAR INDEX: 80.20-80.60

View on Indian Stock Market

Today, Indian stock market shall be highly volatile. Some pressure is possible on higher level(s).

Market shall be positive for next week.

Make long positions in Indian stock market for the next week. But please ensure that your quantity shall be small because on Monday, it’s the result of elections and there could be either gap up or gap down opening. However as far as astrology is concerned, gap up opening is indicated.

It’s again to be noted that quantity should be within your capacity.

Today’s Trading Range:

• NIFTY (FUT): 6,340-6,220
• BANK NIFTY:11,800-11,500

BUY ON DIPS:

• TATA STEEL
• L&T
• BHEL
• YES BANK

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