Newsletter Sent on Wednesday, January 22, 2014

Stock Markets around the Globe

Today, global markets shall be highly volatile to slightly supportive. You should take note of the fact that anytime, a sharp fall could be seen in stock market. It is recommended to short indices on higher level(s).
As per astrology, it is expected from Thursday’s late US hours, that sharp fall should start, which could continue till Friday – Monday.
DOW FUT could drop below 15,750. You can short DOW with s/l 16,600 for target 15,750 & below.
Make short in S&P500 @ 1,842-1,855 for target 1,790 & below.
Those who had short S&P500 @ 1,840-45 last day must have profit booked 50% @ 1,826.
If S&P500 bounces back to 1,840-45, you could add short position.
Asian market shall also enter in the mood of “big fall”. That could be observed any time starting tomorrow.

TRADING RANGE:
-DOW(FUT):16,290-16,400
-S&P500 (FUT): 1,825-1,842
-NASDAQ(FUT):3,580-3,620
-NIFTY (SPOT):6,280-6,330
-FTSE (FUT): 6,820-6,720
-CAC40(FUT):4,345-4,290
-DAX (FUT):9,795-9,700
-HANG SENG (FUT):23,200-22,800 {Make SHORT position in HSI@ higher levels (23,400) for target 22,500 & below. Hold short position till Monday.

-PRECIOUS METALS

Bullion shall be highly volatile. Last day, as mentioned, correction was observed.
We hope that you must have made long position at lower levels.
From 16.00 HRS (IST), recovery could be seen in precious metals.
Today and tomorrow, volatile to positive trend is expected while on Friday, bullish move shall be seen in bullion.

TRADING RANGE:
-GOLD: 1,232-1,252
-SILVER: 19.60-20.30

INDUSTRIAL METALS

As said in last day’s letter, base metals shall be positive. The same is valid for today as well.
Bullish trend shall be seen from tomorrow.
TRADING RANGE:
-COPPER: 3.32-3.36

-ENERGY PRODUCTS
In this week, Crude Oil may cross 97.00 any time. It is recommended to make long positions in OIL at lower level.
NG shall be volatile to positive for the day.
If it sustains above 4.50, then it may touch 4.80.
TRADING RANGE:
-CRUDE OIL:94.00-95.80
-NG:4.40-4.50

CURRENCIES
Sell EUR/USD @1.3560-1.3580 for target 1.3520.
From next day’s US hours, EUR is expected to trade in positive mood against USD.
On Friday, as well, EUR/USD shall continue in positive trend. EUR/USD may go up to 1.3680-1.3700.
Hence, it would be advised to make long position in EUR/USD @ 1.3480-1.3525 for the mentioned upper levels.
We had already mentioned that USD/INR would try to touch 63.00. Up-to 24th, USD/INR shall remain positive.
Those who had long positions could book 50% profit @ 62.00 and rest hold for target.
If 61.50-61.70 comes, you could add long position in USD/INR.
Dollar Index shall be volatile for today and tomorrow.
However, form Thursday’s US hours, Dollar Index shall start trading in negative mode, which could continue till Friday/ Monday.
TRADING RANGE:
-EUR/USD: 1.3580-1.3525
-USD/INR: 61.70-62.20
-DOLLAR INDEX: 81.00-81.40
–
-US TREASURY BOND
Bonds shall have mix trend for today and tomorrow. From Thursday’s late US hours, a good rise shall be seen in US TREASURY BOND. This shall continue till coming Monday.

-INDIAN STOCK MARKET
Today, Indian stock market shall trade in highly volatile mode.
From 10.00 to 11.50 HRS (IST), 14.00-15.00 HRS (IST), slightly positive trend shall be seen.
Please remember that any time, a big fall could be seen. You should make short position at higher levels.
TRADING RANGE:
-NIFTY(FUT): 6,280-6,340
-BANK NIFTY: 11,050-11,250 {SHORT AT HIGHER LEVEL}
INTRA-DAY BUY:
-TATA MOTORS S/L 380 TGT 390-395
-BIOCON S/L 475 TGT 495-510
-ARVIND MILLS
-AUROBINDO PHARMA
SELL AT HIGHER LEVEL:
-DLF S/L 161 TGT 152-145
-SBI S/L 1,690 FOR POSITIONAL TGT 1,630-1,590 & BELOW

Updated at 1/22/2014 7:20 AM (IST)
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