Market Research Report for 13th March 2015

Global Stock Indices

Global equities has chances to move up today but at closing, profit booking may be observed. On 16^th and 17^th March 2015, slightly negative / weak trend may be encountered.

From 18^th March 2015, it shall start moving up. This shall continue till the end of month (or 25^th March 2015).

You are advised to buy S&P500 at 17th’s closing or 18^th’s Asian hour.

TRADING RANGE:

-DOW FUT: 17,930-17,840

-S&P500 FUT: 2,072-2,060

-NASDAQ FUT: 4,355-4,310

-FTSE FUT: 6,800-6,700

-CAC FUT : 5,030-4,980

-DAX FUT: 11,920-11,800

-HANG SENG:23,700-24,020

-AEX:495-490

PRECIOUS METALS

Bullion shall try to move up once. Till closing it is expected to remain positive.

Gold can cross 1,172 while Silver can cross 15.90-16.00 today. You are advised to exit from long position today as on Monday & Tuesday, we are expecting weak trend in bullion. 18^th onwards, it will again move in positive direction. A highly bullish sentiment will be observed, which shall continue till 19^th’s closing / 20^th’s Asian opening.  And then, a sharp correction is expected, which shall continue with ups and downs till the end of month.

Note: You can close your long position at higher level today & also make short position on Monday.

TRADING RANGE:

– GOLD : 1,150-1,172

– SILVER:15.40-15.90

INDUSTRIAL METALS

Copper shall follow the trend of bullion.

Trading Range:

– COPPER:2.64-2.69

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be in correction. It is advisable to accumulate long position at lower levels. In next week, a big positive move is seen. This shall continue till next month’s end.

NATURAL GAS

NG shall trade in mix trend. Monday onwards, it shall move in positive direction. Buy NG @ 2.68-2.70.

Today’s Trading Range:

-CRUDE: 47.10-49.50

-NG:2.80-2.68

CURRENCIES

EURO

EUR/USD shall again go up to 1.0680-1.070. However on Monday & Tuesday, it shall again drop.

Sell EUR/USD at higher levels.

INDIAN RUPEE (USD/INR)

Buy USD/INR @ lower level.

DOLLAR INDEX

Dollar index can again drop to 98.50. However on 16^th and 17^th, trend shall again be positive.

TRADING RANGE:

– EUR/USD: 1.0580-1.0680

-USD/INR(SPOT):62.30-62.85

-DOLLAR INDEX: 99.45-98.70

US 10 YR-TREASURY BOND

Maintain buying position for the day. At closing hour, build short position in bonds for Monday.

Trading Range:

10 YR- T BOND: 2.14-2.00

INDIAN STOCK MARKET

Indian market shall have a gap up opening.

Profit booking may be observed after opening. And again from 11.00 HRS IST, it shall shoot up.

With ups and downs, closing is expected to be positive.

On Monday, market can be weak and hence you are advised to close your long positions today itself.

TRADING RANGE:

-NIFTY FUT: 8,780-8,900

-BANK NIFTY: 19,000-19,500

BUY ON DIPS:

– LIC HOUSING

– RELIANCE CAPITAL

– RELIANCE INFRA

– SBI

– PNB

– BHARTI

– TATA MOTORS

– GLENMARK PHARMA

– WIPRO

Updated at 3/13/2015 7:50 AM (IST)