Stock Markets around the Globe

Today, global stock markets shall be volatile to weak.
Weakness shall continue till 21st January 2014.
S&P500 is expected to drop to 1,810 & below.
You are advised to book 50% profit around 1,820-1,830.
TRADING RANGE:
-DOW(FUT): 16,360-16,280
-S&P500 (FUT): 1,841-1,825
-NASDAQ(FUT):3,615-3,580
-NIFTY (SPOT):6,340-6,250
-FTSE (FUT): 6,780-6,720
-CAC40(FUT):4,340-4,300
-DAX (FUT):9,745-9,680
-HANG SENG (FUT):23,140-22,550

PRECIOUS METALS

Precious metals shall be highly volatile. On Monday, slightly supporting trend is expected. A new bull rally shall be seen any time from 22nd January 2014.
TRADING RANGE:
-GOLD: 1,230-1,255 AND ABOVE
-SILVER:19.80-20.50

INDUSTRIAL METALS

Copper and other base metals are highly volatile for the day and positive for next week.It is recommended to buy COPPER on dips.

TRADING RANGE:

-COPPER: 3.32-3.37

ENERGY PRODUCTS

In short term, Crude Oil shall climb up to $97/bbl.

NG shall trade both sides but overall positive.
TRADING RANGE:
-CRUDE OIL: 93.00-95.20
-NG:4.32-4.45

CURRENCIES
Sell EUR/USD on rise.
In next week as well, weakness shall continue in EUR/USD.
EUR/USD if breaks 1.3580 then it could drop considerably. If it sustains below 1.3580 then it may drop to 1.3520.
Dollar Index is expected to trade volatile but positive. It shall remain positive for next week as well.
In next week, Dollar Index could shoot up to 82.00.
TRADING RANGE:
-EUR/USD: 1.3650-1.3585
-USD/INR: 61.30-61.80
– DOLLAR INDEX:80.80-81.20

TREASURY BOND
U.S. Treasury bonds are expected to move in upward direction. In next week as well, treasury bonds shall be in positive direction.

INDIAN STOCK MARKET

Today, highly volatile trend is expected in Indian stock market but overall weak.
A sharp correction is expected between 10.45-13.45 HRS (IST). Weakness shall continue for next week as well, with volatility.
HOLD SHORT POSITION IN NIFTY with s/l 6,370 and IN BANK NIFTY WITH S/L 11,260
TRADING RANGE:
-NIFTY(FUT): 6,350-6,280 & BELOW
-BANK NIFTY: 11,240-10,900
BUY:
-INFOSYS
-APOLLO HOSPITALS
-AURBINDO PHARMA
-COAL INDIA
-RELIANCE INDUSTRIES S/L 884 TGT 895-900
SELL:
-IDEA
-BAJAJ AUTO
-AXIS BANK
-DLF S/L 165 TGT 158-155
Updated at 1/17/2014 7:07 AM (IST)