Stock Markets around the Globe

Today, Asian market shall trade volatile to slightly positive. UK market shall also be trade in a volatile to somewhat positive trend. However, it may experience profit booking at higher level(s).

US market shall start in slightly negative trend.

SELL S&P500 at higher levels and hold for target 1,820-1,800.

US market is expected to trade negative for tomorrow while the Asian market shall also open negative for tomorrow.

Sell HSI at closing hour for tomorrow.

TRADING RANGE:

•  DOW(FUT): 16,520-16,440
• S&P500 (FUT): 1,846-1,835
• NASDAQ(FUT):3,596-3,560
• NIFTY(SPOT):6,280-6,330
• FTSE (FUT): 6,740-6,670
• CAC40(FUT):4,225-4,180
• DAX (FUT):9,650-9,570
• HANG SENG (FUT):23,220-23,420
  

  PRECIOUS METALS

The trend is expected to remain volatile to positive till 14.30 HRS (IST). And then onwards, volatile to bearish trend is forecasted till US opening.

Post US opening, recovery is indicated for precious metals.

Tomorrow as well, positive trend is expected.

It would be recommended to add long position in bullion on dips for positional traders and hold the same for next week with stop loss 1,175 (GOLD) & 18.70 (SILVER) for target 1,280=1,290 & 20.50- 21.50 respectively for gold and silver.

TRADING RANGE:

• GOLD: 1,201-1,235
• SILVER: 19.20-20.40

 INDUSTRIAL METALS

Copper shall be volatile to positive.

Buy Copper positional-ly for next week with stop loss 3.32 for target 3.50+.

TRADING RANGE:

• COPPER: 3.34-3.43
  

  ENERGY PRODUCTS

Crude Oil is expected to trade volatile to positive.

You can long Crude for next week.

NG shall trade in volatile to mix trend. Both side move(s) are expected.

TRADING RANGE:

• CRUDE OIL:98.10-99.80
• NG:4.20-4.27
• Ø CURRENCIES

Positional traders may SHORT EUR/USD on higher level with stop loss 1.3940 and hold this position for target 1.300.

Buy USD/INR with stop loss 60.50 for short term target 63.00-63.50.

TRADING RANGE:

• EUR/USD: 1.3790-1.3690
• USD/INR: 61.70-62.20
• DOLLAR INDEX:80.10-80.60 (LONG DOLLAR INDEX FOR NEXT WEEK FOR SHORT TERM TARGET 82.00 WITH S/L 79.60)
• Ø INDIAN STOCK MARKET

Today, Indiana stock market is expected to trade highly volatile but slightly positive. However for the next day and next week, negative opening is being indicated.

Your strategy should be to “SELL NIFTY & BANK NIFTY ON RISE” around closing hour.

TRADING RANGE:

• NIFTY(FUT): 6,320-6,380 {At higher levels, positional traders need to short}

INTRA-DAY BUY:

–          JAIN IRRIGATION

–          ROLTA

–          DELTA CORP

–          CENTURY TEXTILE

–          LIC HOUSING

–          TCS

–          WIPRO

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