Market from 10th to 14th March 2014

10^th March to 14^th March 2014

Stock Markets around the Globe

Major planetary changes this week:

–          Mercury shall move to Aquarius from Capricorn on 12^th March 2014’s morning.

This week, market shall be highly volatile.

Some weakness is indicated for Monday. Again, positive trend shall be seen on Tuesday.

However from 12^th to 14^th March 2014, weakness shall be observed in major global stock indexes.

S&P500 is not expected to cross 1,895 this week and it shall drop below 1,860-1,840.

You are advised to short 50% S&P500 at higher level (today) with stop loss 1,896 or 1,906 for target 1,820 & below. And rest 50% to short tomorrow.

Today, if 1,860-1,865 comes, book profit in short position and then make fresh short position next day.

TRADING RANGE:

• DOW(FUT): 16,450-16,350
• S&P500 (FUT): 1,885-1,862
• NASDAQ(FUT):3,720-3,670
• NIFTY (SPOT):6,550-6,450
• FTSE (FUT): 6,740-6,650
• CAC40(FUT):4,405-4,350
• DAX (FUT):9,400-9,350
• HANG SENG (FUT):22,550-22,150 {Make long position today and hold for tomorrow}ALERT:: ANY TIME FROM 12^TH MARCH 2014, MARKET SHALL MOVE TOWARDS BEARISH TREND, WHICH SHALL CONTINUE FOR NEXT WEEK AS WELL (WITH VOLATILITY).

  PRECIOUS METALS

Bullion shall be somewhat bearish for Monday and Tuesday.

However from Wednesday, U turn shall be seen and precious metals shall start moving in positive direction. On 13^th as well, precious metals shall be really bullish and on Friday, a big bullish run shall be observed.

In this week, Gold shouldn’t be breaking 1,320 while Silver shouldn’t be breaking 20.50.

You are advised to make long position on 12^th March 2014.

Gold shall go up to 1,375-1,390 while Silver shall go up to 21.80-22.20+ till Friday.

TRADING RANGE:

• GOLD:1,342-1,327
• SILVER: 20.95-20.65

INDUSTRIAL METALS

Copper shall be volatile to weak for today and tomorrow.

Major support of Copper : 3.00.

You are advised to long Copper after change of Mercury’s position (on 12^th March 2014).  Copper shall turn positive then onwards.

TRADING RANGE:

• COPPER:3.00-3.10

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be overall volatile to positive. Good rise is possible on Friday. This week, Crude may cross $104/bbl and shouldn’t break $100/bbl.

NATURAL GAS

NG shall be volatile to positive. Hold long position for target 5.25.

TRADING RANGE:

–          OIL:101.80-102.80

–          NG:4.50-4.72

CURRENCIES

EURO

EUR/USD shall be slightly weak for today and tomorrow. Again, bullish trend shall be observed from Wednesday.

EUR/USD shall hover between 1.3820-1.3920 up-to Tuesday.

In the bullish trend up-to Friday, EUR/USD may reach 1.4100. You should make long position from day after tomorrow.

INDIAN RUPEE (USD/INR)

USD/INR shall move in positive direction this week. From Wednesday, weakness shall increase. USD/INR could go up to 61.50-61.80.

DOLLAR INDEX

Dollar index shall be positive for today and tomorrow. From Wednesday, Dollar Index shall be in weak trend.

Dollar Index may drop below 79.20.

TRADING RANGE:

• EUR/USD: 1.3910-1.3860 & BELOW
• USD/INR: 60.90-61.40
• DOLLAR INDEX: 79.70-80.10
• Ø US TREASURY BOND

Bonds shall be positive for today and tomorrow. From Wednesday, Bonds shall trade in weakness up-to Friday.

INDIAN STOCK MARKET

Today, Indian stock market shall be volatile to weak.

Tomorrow, positive trend may be observed.

TRADING RANGE:

–          NIFTY FUT: 6,550-6,480

BUY:

–          HOTEL LILA

–          MCX

–          MPHASIS

SELL:

–          DLF

–          TATA STEEL

–          TATA MOTORS

–          L&T