Global Stock Indices:

Today, global stock markets shall be volatile to bearish.  Some recovery is indicated around closing hour.

You can make long position in S&P500 around late US hours (at lower level) and hold for tomorrow.

For tomorrow, stock indices are expected to be positive.

 Today’s Trading Range:

–          DOW(FUT):15,780-15,880

–          S&P500(FUT):1,775-1,790

–          NASDAQ(FUT):3,450-3,490

–          FTSE100(FUT):6,450-6,495

–          CAC40(FUT):4,065-4,095

–          DAX(FUT):9,045-9,105

–          HANG SENG (FUT):23,050-23,450

–          NIFTY(SPOT):6,250-6,340

Precious metals shall continue in weakness till 22.00 HRS (IST). Some recovery is expected then onwards.

View on Base Metals:

Sell COPPER on higher levels.

Today’s Trading RANGE:

Copper:3.29-3.23

View On Energy Products:

SELL NATURAL GAS @ HIGHER LEVEL.

Today’s Trading Range:

–          CRUDE: 98.20-96.20 & BELOW

–          NG: 4.35-4.29

Currencies:

Sell EUR/USD on rise.

Mercury has entered in “Jyeshtha” nakshatra. USD/INR shall move in positive direction & can cross 63.50+ in 15 days).

Buy Dollar Index at lower level.

TODAY’S TRADING RANGE:

–          EUR/USD: 1.3795-1.3680

–          USD/INR(SPOT): 61.20-61.80

–          DOLLAR INDEX:79.80-80.30

View on Indian Stock Market

Today, Indian stock market shall have bearish opening.  Some recovery is indicated before closing. Tomorrow, positive trend shall be seen in Indian stock market.

TRADING RANGE:

–          NIFTY FUT:6,280-6,380

–          BANK NIFTY: 12,650-12,850

BUY:

–          SKS MICRO

–          INFOSYS

–          HCL TECH

–          TCS

–          CHAMBAL FERTILIZER

SELL:

–          SBI

–          DLF

–          PNB (INTRA-DAY)

It should be noted that  market is supportive for IT sector.