Global Equity Indices

Global equities shall trade upward today onwards with volatility. S&P500 shall be back to 2000-2020 by weekend. You are advised to long INTEL, APPLE, HOME DEPOT, MICROSOFT (hold existing long), AMAZON, COCA COLA and United Health.

It is advisable to book partial profit in S&P 500 at 1938-40. And at 1930, you could add long position.

Next day as well, positivity is expected.

Precious Metals

Gold and Silver are expected to trade upward for today and tomorrow. S/L for long position in GOLD: 1077 and SILVER: 13.60.

MCX traders shall use S/L of 25500 for GOLD and 33100 for SILVER.

Industrial Metals

Long Copper with stop loss of 1.94. It shall move up from today.

CRUDE OIL

Hold long position in Crude Oil with stop loss 29.40. It is expected to move up from today. If it crosses 32.20, add more long position for target 34-36.

NG

NG shall trade in mixed trend but is in an overall weak trend.

EURO

EUR/USD shall move up from today. Buy EUR/USD at lower level.

USD/INR

Sell USD/INR on rise.

DOLLAR INDEX

Dollar Index shall trade downward till the end of week.

US TREASURY BONDS

Bonds shall move downward till Friday. US 10 Year can drop to 2.26-2.28 while US 30 Year can drop to 3.01.

INDIAN STOCK MARKET

Indian market shall be positive for the day with some volatility. Market may experience gap up opening followed by profit booking and then upward move from 11.00 HRS IST. In the last 1 hour of trading as well, market shall be positive.

Next day as well, bullish trend is indicated.

Nifty may move up to 7700-7800 by the weekend.

TRADING RANGE:

• NIFTY FUT: 7540-7620
• BANK NIFTY: 15600-16100

You can book 50% profit in BTST calls of last trading session today at opening.

BUY ON DIPS:

• RELIANCE INDUSTRIES
• MARUTI
• RELIANCE INFRA
• CENTURY TEXTILE
• JSW ENERGY
• SBI
• YES BANK