Sent on Wednesday, January 29, 2014 at (07:00 HRS IST)

Stock Markets around the Globe
Today, owing to FOMC announcement, heavy volatility and uncertainty is indicated in global markets. It is expected that S&P500 would move in negative direction for today and in positive direction for the next day.
In short term, a big fall is indicated.
Today, Asian market shall trade volatile to positive while UK market shall have positive opening. Closing in UK market may be bearish.
Tomorrow, Asian opening could be negative.

TRADING RANGE:
-DOW(FUT): 15,970-15,850
-S&P500 (FUT): 1,801-1,780 & BELOW
-NASDAQ(FUT):3,540-3,480
-NIFTY (SPOT):6,080-6,175
-FTSE (FUT): 6,520-6,590
-CAC40(FUT):4,204-4,235
-DAX (FUT):9,470-9,540

-HANG SENG (FUT):21,900-22,300 {Do not hold long positions for next day}

#PRECIOUS METALS
Bullion is expected to be heavily volatile for the day. Before FOMC announcement, precious metals will try to climb up. And post FOMC announcement, a sudden correction would be observed.
For the next day, bullion can be negative.
In this week, the lower level could be 1,220$/Oz for GOLD while 19.20$/Oz for SILVER.
We do not expect GOLD AND SILVER to break December 2013’s low (1180, 18.80 – respectively GOLD, SILVER).
Furthermore from 3rd /4th February 2014, bullion shall enter in a bullish trend.
You are recommended to short GOLD @ 1,265-1,275, SILVER@19.90-20.20 for target 1,220, 19.40-19.20 respectively.

#ENERGY PRODUCTS
Crude Oil & NG are expected to be volatile to positive for today and tomorrow.
TRADING RANGE:
-CRUDE OIL:96.50-98.00
-NG:4.70-4.95

#CURRENCIES
Short EUR/USD @1.3680-1.3700.
And Buy EUR/USD @1.3630.
Buy USD/INR with s/l 62.00 for target 63.20.
TRADING RANGE:
-EUR/USD: 1.3630-1.3680 & ABOVE
-USD/INR: 62.25-62.75
-DOLLAR INDEX: 80.80-80.45
-US TREASURY BOND
Today, bonds shall rise around FOMC announcement. You are advised to short treasury bonds there and hold for tomorrow.