Mornings newsletter is here for review

Global Stock Indices:

Today, Asian market shall have bearish opening. But in second half, it shall turn positive.

Closing shall be positive. Tomorrow, it shall be a gap up opening.

UK and US market shall be volatile to positive.

Today’s Trading Range:

DOW(FUT):14,795-14,860

S&P500(FUT):1,632-1,642

NASDAQ(FUT):3,073-3,105

FTSE100(FUT):6,440-6,490

CAC40(FUT):3,970-4,010

DAX(FUT):8,150-8,210

HANG SENG (FUT): 21,940-22,375

NIFTY(FUT ): 5,280-5,450

PRECIOUS METALS:

Today, highly volatile trend is expected in precious metals.

Any time, a sharp fall is possible (especially from 11.45 – 13.30 HRS IST, 14.00-16.30 HRS IST).

Closing shall be in a highly bearish trend.

Today’s Trading Range:

GOLD:1,416-1,384 & BELOW

SILVER:24.50-23.60 & BELOW

View on Base Metals:

Today, volatile to bearish trend is expected in base metals.

Today’s Trading Range :

COPPER: 332-322

View On Energy Products:

CRUDE OIL

Crude oil shall be volatile to bearish. Some recovery is possible in late US hours.

NATURAL GAS

NG shall be volatile to positive.

Today’s Range:

CRUDE OIL: 108.60-106.50 & BELOW

NG: 3.65-3.70

Currencies:

EUR/USD shall be volatile to bearish. Sell EUR/USD on rise.

From today onwards, USD/INR shall turn strong. In next 2-3 days, USD/INR can go below 66.00.

TODAY’S TRADING RANGE:

EUR/USD: 1.3230-1.3120

USD/INR:69.40-67.20

View on Indian Stock Market

Today, Indian stock market shall be volatile till 13.30 HRS (IST). And then a bullish trend is expected.

Market shall close in positive trend. It shall remain positive for tomorrow as well.

Today’s Trading Range:

NIFTY: 5,280-5,450

Nifty shall cross 5,550 by Friday.

BUY:

SRF

TECH MAHINDRA

UNITED SPIRIT

HEXAWARE

LUPIN

JET AIRWAYS

SELL

DLF

UNITECH