Newsletter for 4th December 2013

Global Stock Indices:
After two days of uncertainty and weakness, global stock market(s) is back in positive trend for 2 days.

Today’s Trading Range:
DOW(FUT):15,870-15,950
S&P500(FUT):1,785-1,800
NASDAQ(FUT):3,465-3,495
FTSE100(FUT):6,520-6,595
CAC40(FUT):4,155-4,195
DAX(FUT):9,200-9,300
HANG SENG (FUT):23,550-23,850 (BUY ON DIPS AND HOLD FOR TOMORROW)
NIFTY(SPOT):6,150-6,250

PRECIOUS METALS:
After 2 days of weakness, precious metals shall be in recovery mode for the day and next.
Intra-day trend:
Market shall be volatile to positive (especially from 14.00- 17.00 HRS IST).
From 19.00-20.00 HRS (IST), a small correction is indicated.
From 22.00 HRS – closing, positive trend is expected.
Tomorrow, a positive opening is indicated for precious metals.
TODAY’S TRADING RANGE:
GOLD:1,215-1,232+
SILVER:19.00-19.35+
View on Base Metals:
Copper shall be volatile to positive.
Today’s Trading RANGE:
Copper:3.14-3.21
View On Energy Products:
CRUDE OIL
Crude Oil closed at 96.10 the previous day.
Today, volatile to positive trend is expected in crude. However, profit booking may be seen from 22.00 HRS (IST).
NATURAL GAS
Sell NG on rise.
Today’s Trading Range:
CRUDE: 95.50-98.50
NG: 4.02-3.95
Currencies:
BUY EUR AGAINST USD ON DIPS.
TODAY’S TRADING RANGE:
EUR/USD: 1.3530-1.3620+
USD/INR(SPOT): 62.20-62.80
DOLLAR INDEX: 80.80-80.50
View on Indian Stock Market
Today, Indian stock market shall have gap down opening. But after opening, recovery shall be observed in the market till 10.45 HRS (IST). And then volatile trend is expected. Again, positivity shall be seen from 14.00 HRS – closing.
Today’s Trading Range:
NIFTY: 6,170-6,250
BANK NIFTY:11,100-11,400
BUY ON DIPS:
SUN PHARMA
RCOMM
L&T
TATA STEEL
ADANI ENTERPRISES
CAIRN INDIA
(Updated at : 04/12/2013 7:18:34 a12/p12 (IST))