Newsletter sent 23 Jan 2014

Sent on Thursday, January 23, 2014

Stock Markets around the Globe
Today, it’s the day for “trend reversal”.
The first half in Asian market shall be very volatile while in second half, profit booking shall be seen.
Closing could be bearish for Asian market(s).
Similar trend shall be seen in UK market.
US market as well, shall experience correction around mid-session.
Closing could be bearish for American market as well.
As per astrology, a big correction is being expected for US market starting tomorrow, which may continue up-to Monday. Any time, a correction may be observed.
TRADING RANGE:
-DOW(FUT):16,375-16,220 {Any time, DOW may break 15,750 in coming time}
-S&P500 (FUT): 1,845-1,826 {Any time, S&P500 may be seen below 1,790}
-NASDAQ(FUT):3,655-3,580
-NIFTY (SPOT):6,370-6,290 & BELOW
-FTSE (FUT): 6,820-6,720
-CAC40(FUT):4,355-4,320
-DAX (FUT):9,780-9,680
-HANG SENG (FUT):23,200-22,800

-PRECIOUS METALS
Bullion can bottom out any time today and have a U turn. From tomorrow, bullion could enter in positive trend. That positivity shall continue till next week.
TRADING RANGE:
-GOLD: 1,229-1,245 & ABOVE
-SILVER: 19.60-20.20 & ABOVE

Copper and other base metals are expected to be highly volatile for the day. Bullish trend is expected from next day.
Buy Copper @ lower level.
TRADING RANGE:
-COPPER: 3.32-3.35
-ENERGY PRODUCTS
Last day, we had said that Crude would touch 97.00.
Crude Oil came up to around 96.00. The trend for Oil is expected to be positive till next day.
If Oil sustains above 97.00, should go up to 99.00.
Last day, we had also mentioned that NG could go up to 4.80. A matter of fact is, 4.70 has already been touched.
Trend is expected to be positive till tomorrow.
If NG sustains above 4.70 then it’ll climb up to 4.80. And if NG is able to sustains above 4.80 as well, NG shall turn highly bullish.
TRADING RANGE:
-CRUDE OIL:95.20-97.00
-NG:4.64-4.74
-CURRENCIES
EUR/USD shall start moving in positive trend from this evening. You are recommended to long EUR/USD around 1.3480-13.530 for target 1.3650.
Dollar Index shall move in negative direction from evening. It is recommended to short Dollar Index at higher level.
TRADING RANGE:
-EUR/USD: 1.3520-1.3580
-USD/INR: 61.70-62.10
-DOLLAR INDEX: 81.40-81.10

-US TREASURY BOND
Bonds shall be volatile in day-session (IST). However, fromr US hours, Treasury Bonds shall move in positive direction and remain positive till next day.

-INDIAN STOCK MARKET
Today, Indian stock market shall have volatile trend in first half while profit booking in second half.
Closing can be bearish for Indian stock market.
It should be noted that, by Monday, a sharp fall could be seen in the market and hence you should be conscious at upper levels.

{Sent at 23-JAN-2014 | 07:22 HRS (IST) }