Stock Markets Around the globe

Today, major global markets shall be volatile to weak till UK opening. After UK opening, recovery shall start and enter in positive trend. Again profit booking may be seen at higher levels in UK and US market.

Tomorrow, Asian market can witness weakness.

S&P500 will have its low made today. After making the low, it would again trade in positive direction.

It is recommended for you to long S&P500 at lower levels.

You should book 50% profit in long position at higher level today itself.

And that 50% could be bought tomorrow at lower level and hold the position till Thursday.

You are advised to make long position in Asian market around UK opening and around Asian closing, make short position in Asian market and hold for tomorrow.

Trading Range: ONLY FOR MEMBERS

 PRECIOUS METALS

It shall be a trend reversal day for bullion.

Low would be made between 13.30 HRS IST and 16.00 HRS IST.

From 16.00 HRS IST, it shall start moving in positive direction.

This positive trend shall continue for next 2 days.

BUY BULLION @ LOWER LEVEL

INDUSTRIAL METALS

Buy Copper at lower level.

It shall be a trend reversal day for Copper.

It shall remain positive for next 2 days.

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be volatile.

It shall move upward around evening.

NATURAL GAS

NG shall be volatile to mix trend.

 

CURRENCIES

EURO

Profit book in 50% long position in EUR/USD @1.3840-1.3850 and hold rest 50% for 1.3900+.

INDIAN RUPEE (USD/INR)

USD/INR will have its low made today. Buy USD/INR on dips as trend reversal shall be observed. USD/INR shall be positive for tomorrow.

DOLLAR INDEX

Hold short position in dollar index for 79.80-79.60.

 US TREASURY BOND

Bonds shall remain positive. From 13.30 HRS IST to 16.00 HRS IST, trend reversal shall be seen. And this negative trend shall continue till tomorrow.

 

INDIAN STOCK MARKET

Today, Indian stock market shall experience weak trend till 13.30 HRS IST.

And then onwards, bullish trend is expected.

Closing shall be positive.

Around mid-session, make long position and profit book by closing. Around closing, make short position as next day could be weak for Indian market.

TRADING RANGE:

–          NIFTY FUT: 6,550-6,640

–          BANK NIFTY:12,200-12,480

 

BUY:

–          BHEL

–          SIEMENS

–          BATA

–          L&T

–          TATA POWER

–          JP ASSOC

–          ICICI BANK

–          SBI

–          YES BANK

–          FEDERAL BANK

SELL ON HIGHER LEVEL:

–          TATA STEEL S/L 369 TGT 350 AND BELOW IN NEXT 2 DAYS

Updated @ 07.30 AM (IST)| Authors: Rajeev Prakash Agarwal, Shashi Prakash Agarwal

Contact: +91-9669919000  / +91 – 9301717647

E-mail: [email protected]