Newsletter as sent this morning

Global Stock Indices
Last day, S&P500 made a low of 2081. After
recovering from such a low level, it closed at
2,098. This recovery shall continue for the day.
For next day as well, this recovery shall
continue.
S&P500 FUT is expected to move up to 2110-
2119 soon.
After making a high tomorrow, it’ll be back to
bear / weak trend.
On Friday, S&P500 shall be weak.
Hold long position in S&P500 till next day &
book profit. You can make short position at
higher levels next day- an alert about it shall be
sent tomorrow.
Global equities experienced panic selling. From
today & tomorrow, positive trend shall be
observed

PRECIOUS METALS
Gold made a high of 1,196 while Silver made a
high of 16.55. For today as well, after UK
opening, it shall move up.
Gold is positive as long as it doesn’t breach
1,170. Around 1180-1185 & 16.20-16.30, you
can accumulate long position in GOLD & SILVER.
S/L : 1175 & 16 (GOLD & SILVER).

INDUSTRIAL METALS
Copper and base metals shall be positive for the
day.
TRADING RANGE:
– COPPER: 2.91-2.96

ENERGY PRODUCTS
CRUDE OIL
Crude Oil shall be bullish for the day. It can go
up to 62.50-63.00. At this level, you can book
profit in long position.
From next day, crude oil shall again turn
downward.
NATURAL GAS
NG shall be positive for the day. NG shall follow
the trend in Crude Oil.

CURRENCY PAIRS
EUR/USD
EUR/USD shall be volatile to positive.
USD/INR
BUY USD/INR ON DIPS.
DOLLAR INDEX
Dollar index can drop to 94.00 and then shall
take a U turn.
TRADING RANGE:
– EUR/USD: 1.1180-1.1280
– USD/INR:63.80-64.40
– DOLLAR INDEX:94.70-94.00
US 10 YR TREASURY BONDS
Bonds made its low last day. Till weekend, it
shall remain positive.
TRADING RANGE:
10 YR TREASURY BOND: 2.30-2.15
INDIAN STOCK MARKET
Indian market experienced panic selling last
day. However for today & next day, trend is in
upward direction. Nifty & BANK NIFTY shall
again shoot up to 8,300, 17800 respectively.
S/L for NIFTY: 8,100
S/L for BANK NIFTY: 17,200
TRADING RANGE:
– NIFTY FUT: 8120-8250
– BANK NIFTY: 17,200-17,800
BUY ON DIPS:
– BHEL
– TATA STEEL
– TATA MOTORS
– POWER GRID
– YES BANK
– ICICI BANK
– SBI
Sent @ 5/13/2015 7:21 AM (IST)
Authors: Rajeev Prakash Agarwal, Shashi Prakash Agarwal