Happy Mahashivratri; View on Bullion and Currency

#Stock Markets around the Globe
Today, Asian markets shall recover from lower level.
Profit booking is expected in UK and US market at higher level.
TRADING RANGE:
-DOW(FUT):16,140-16,220
-S&P500 (FUT): 1,838-1,852 {SELL @ HIGHER LEVEL}
-NASDAQ(FUT):3,650-3,695
-NIFTY (SPOT):HOLIDAY DUE TO MAHASHIVRATRI
-FTSE (FUT): 6,790-6,720
-CAC40(FUT):4,410-4,360
-DAX (FUT):9,700-9,610
-HANG SENG (FUT):22,220-22,550

#PRECIOUS METALS
Bullion entered in bearish phase last day.
Till next day’s noon, it shall continue to be in bearish trend.
Some recovery may be seen in price of bullion around 16.00 HRS IST or US opening.
Your strategy should to be “short on higher level”.
TRADING RANGE:
-GOLD:1,338-1,307 {SELL ON RISE WITH S/L 1,355}
-SILVER:21.45-20.90 {SELL ON RISE WITH S/L 22.30}
#Be notified that next Monday, there shall be a fall in bullion. Sharp correction is expected on 3rd March 2014.

#INDUSTRIAL METALS

Copper is expected to trade highly volatile.
TRADING RANGE:
-COPPER:3.20-3.24

-ENERGY PRODUCTS
CRUDE OIL
Crude Oil is expected to be volatile to supportive.

NATURAL GAS
Mixed trend is expected in NG.
TRADING RANGE:
-OIL:102-103.50
-NG:4.50-4.65

-CURRENCIES
EURO
Sell EUR/USD on rise.
INDIAN RUPEE (USD/INR)
Buy USD/INR at lower level.
DOLLAR INDEX
Hold long position for 81.00.
In US hours, bullish trend is expected in dollar index.
TRADING RANGE:
-EUR/USD: 1.3725-1.3620
-USD/INR: 61.90-62.20 {HOLIDAY IN INDIA}
-DOLLAR INDEX: 80.20-80.80

#US TREASURY BOND
Sell US bonds on rise.