Newsletter for 26th November 2013

Global Stock Indices:
Today, first half is expected to be highly volatile in Asian market but second half shall be positive.
UK market shall be volatile to positive. US market shall be volatile to positive. Sell S&P500 on higher level, with stop loss 1,812, for tomorrow.
Today’s Trading Range:
DOW(FUT):16,020-16,095
S&P500(FUT):1,790-1,809
NASDAQ(FUT):3,420-3,455
FTSE100(FUT):6,670-6,720
CAC40(FUT):4,280-4,318
DAX(FUT):9,270-9,310
HANG SENG (FUT):22,620-22,840
NIFTY(SPOT):6,070-6,130

PRECIOUS METALS:
Today, precious metals shall be volatile to positive. But some profit booking is indicated after 22.00 HRS (IST). Tomorrow, Asian opening is expected to be positive. Bullion could have a rally starting from tomorrow, which would continue till 29th November 2013.
TODAY’S TRADING RANGE:
GOLD:1,235-1,262
SILVER:19.80-20.50
View on Base Metals:
Copper and base metals shall be volatile to positive.
Today’s Trading RANGE:
Copper:3.20-3.27
View On Energy Products:
CRUDE OIL& NG
Crude Oil & NG shall be volatile to positive.
Today’s Trading Range:
CRUDE: 93.30-95.60
NG: 3.80-3.92
Currencies:
Buy EUR/USD on dips.
TODAY’S TRADING RANGE:
EUR/USD: 1.3490-1.3590
USD/INR(SPOT): 62.20-62.80
DOLLAR INDEX: 81.00-80.60

View on Indian Stock Market
Today, Indian stock market shall be volatile to bearish till 10.30 HRS (IST). From 11.00 – 14.00 HRS (IST), positive trend is expected. Closing may be positive.
Today’s Trading Range:
NIFTY (FUT): 6,080-6,148
BANK NIFTY: 10,850-11,150

BUY ON DIPS:
MARUTI
TATA MOTORS
TATA STEEL
YES BANK
L&T
ONGC
CAIRN INDIA

(Updated at : 26/11/2013 7:24:31 a11/p11 (IST))