Stock Markets Around the globe

As stated in the previous letter, bear cycle has started in major stock indexes. Dow closed 100 points below it’s opening while S&P500 faced a fall of 10 points.

This bearish trend shall continue with ups and downs till 20^th May 2014.

S&P500 can go drop to 1,862-1,845 or below.

For today and tomorrow, it’s the Scorpio Moon, which shall cause uncertainty in the market.

Asian market shall be weak. Recovery could be observed around closing hour.

This trend shall be followed up by UK and US market as well.

It is advised to book profit in 50% of position of S&P500 @ 1,882-1,878.  And positional traders can hold short with stop loss 1,902.

TRADING RANGE:

– DOW FUT: 16,620-16,520 & BELOW

– S&P500 FUT: 1,894-1,872

– NASDAQ FUT: 3,620-3,555

– FTSE FUT: 6,880-6,820

– CAC FUT : 4,465-4,430

– DAX FUT: 9,790-9,690

-AEX: 403.50-401.50

– HANG SENG:22,600-22,150 {Can drop to 21,650 in next week}

-NIFTY SPOT:7,140-7,060

PRECIOUS METALS

Gold made a high of 1,309 last night while Silver made a high of 19.95.

Today, precious metals shall be volatile. Some correction may be observed. It shall again be positive for next day.

SELL GOLD (INTRA-DAY) WITH S/L 1,316 FOR TGT 1,292-1,288.

SELL SILVER (INTRA-DAY) WITH S/L 20.10 FOR TGT 19.60-19.45.

You are also advised to long bullion at lower level(s).

TRADING RANGE:

–          GOLD :  1,309-1,285

–          SILVER:19.95-19.45

INDUSTRIAL METALS

Sell Copper on rise.

Trading Range:

–          COPPER:3.16-3.12

ENERGY PRODUCTS

CRUDE OIL

Sell Crude Oil on rise.

NATURAL GAS

Cover short position in NG @ 4.30.

Trading Range:

-CRUDE: 102.50-100.50

-NG: 4.42-4.30

CURRENCIES

EURO

Buy EUR/USD @ lower level.

INDIAN RUPEE (USD/INR)

Buy USD/INR @ lower level.

Hold long position for next week with stop loss 59.00. USD/INR shall shoot up from tomorrow.

DOLLAR INDEX

Sell Dollar Index on rise.

TRADING RANGE:

– EUR/USD: 1.37000-1.3760

-USD/INR(SPOT): 59.20-59.80

-DOLLAR INDEX: 80.10-79.80

US TREASURY BOND

Bonds shall start to trade in negative trend from today.

Sell bonds at higher level and hold for next day.

Here’s a copy of newsletter sent this morning (15th May 2014 @ 07.00 HRS IST)

Stock Markets Around the globe

As stated in the previous letter, bear cycle has started in major stock indexes. Dow closed 100 points below it’s opening while S&P500 faced a fall of 10 points.

This bearish trend shall continue with ups and downs till 20^th May 2014.

S&P500 can go drop to 1,862-1,845 or below.

For today and tomorrow, it’s the Scorpio Moon, which shall cause uncertainty in the market.

Asian market shall be weak. Recovery could be observed around closing hour.

This trend shall be followed up by UK and US market as well.

It is advised to book profit in 50% of position of S&P500 @ 1,882-1,878.  And positional traders can hold short with stop loss 1,902.

TRADING RANGE:

– DOW FUT: 16,620-16,520 & BELOW

– S&P500 FUT: 1,894-1,872

– NASDAQ FUT: 3,620-3,555

– FTSE FUT: 6,880-6,820

– CAC FUT : 4,465-4,430

– DAX FUT: 9,790-9,690

-AEX: 403.50-401.50

– HANG SENG:22,600-22,150 {Can drop to 21,650 in next week}

-NIFTY SPOT:7,140-7,060

PRECIOUS METALS

Gold made a high of 1,309 last night while Silver made a high of 19.95.

Today, precious metals shall be volatile. Some correction may be observed. It shall again be positive for next day.

SELL GOLD (INTRA-DAY) WITH S/L 1,316 FOR TGT 1,292-1,288.

SELL SILVER (INTRA-DAY) WITH S/L 20.10 FOR TGT 19.60-19.45.

You are also advised to long bullion at lower level(s).

TRADING RANGE:

– GOLD :  1,309-1,285

– SILVER:19.95-19.45

INDUSTRIAL METALS

Sell Copper on rise.

Trading Range:

– COPPER:3.16-3.12

ENERGY PRODUCTS

CRUDE OIL

Sell Crude Oil on rise.

NATURAL GAS

Cover short position in NG @ 4.30.

Trading Range:

–          CRUDE: 102.50-100.50

NG: 4.42-4.30

CURRENCIES

EURO

Buy EUR/USD @ lower level.

INDIAN RUPEE (USD/INR)

Buy USD/INR @ lower level.

Hold long position for next week with stop loss 59.00. USD/INR shall shoot up from tomorrow.

DOLLAR INDEX

Sell Dollar Index on rise.

 TRADING RANGE:

– EUR/USD: 1.37000-1.3760

-USD/INR(SPOT): 59.20-59.80

-DOLLAR INDEX: 80.10-79.80

US TREASURY BOND

Bonds shall start to trade in negative trend from today.

Sell bonds at higher level and hold for next day.

INDIAN STOCK MARKET

Today, Indian stock market shall remain uncertain with volatility.

Make short position in Nifty with stop loss 7,210 and hold for next week.

Make short position in Bank Nifty with stop loss 14,520 and hold for next week.

TRADING RANGE:

n  NIFTY FUT: 7,170-7,070

n  BANK NIFTY: 14,400-13,900

BUY NIFTY PUT OPTIONS FOR 6,400.

BUY YES BANK PUT OPTIONS FOR 420.00.

BUY KOTAK BANK PUT OPTIONS FOR 820.00

INTRA-DAY BUY:

–          TATA STEEL

–          DLF

–          HDIL

–          UCO BANK

–          NMDC

–          IGL

#Use proper stop loss in long position.

SELL ON HIGHER LEVEL

–          KOTAK BANK S/L 878 TGT 820-810

–          AXIS BANK S/L 1,662 TGT 1,605 & BELOW