Thursday, January 16, 2014
Stock Markets around the Globe

Today, Mercury changes Navmanansha and enters “Taurus” while Jupiter changes Navmanasha and enters “Adra” nakshatra in retrogression motion.

As said in the previous letter, Asian markets have opened positive today. Today, the trend shall be volatile to positive. Tomorrow, weakness is indicated in Asian market and hence you are advised to make short position at closing hour.
In the UK market as well, you are advised to make short position and hold that for tomorrow.
On next Monday and Tuesday, stock market shall continue in weakness.
It is recommended to SHORT S&P 500 @ HIGHER LEVELS (AROUND 1,844-1,855) FOR TGT 1,810-1,790.
TRADING RANGE:
-DOW(FUT): 16,460-16,340
-S&P500 (FUT): 1,848-1,832
-NASDAQ(FUT):3,625-3,580
-NIFTY (SPOT):6,280-6,360
-FTSE (FUT): 6,797-6,720
-CAC40(FUT):4,365-4,310
-DAX (FUT):9,799-9,680
-HANG SENG (FUT):22,800-23,150
-PRECIOUS METALS
Precious metals is expected to have a big move today. Trend is bullish as far as astrology is concerned. From 13.00 HRS (IST) to 21.00 HRS (IST), highly bullish trend shall be observed.
And then closing will be positive however, the high would have been made by given time frame.
You are advised to book 50 % profit in gold @ 1,260-1,265, 50% profit in silver @20.60-20.90.
For the next day, bullion can be a bit uncertain.
Gold and silver shall be in bullish trend till February end. In this time frame, Gold may cross 1,330 while Silver may cross 23.00.
TRADING RANGE:
-GOLD: 1,232-1,260 AND ABOVE
-SILVER: 19.90-20.90 AND ABOVE

INDUSTRIAL METALS

Copper has already come in positive trend. It should be noted that Copper shall remain bullish till February end.
Copper may cross 3.60 in the said time frame.
Around 3.40, you are advised to book profit in 50% position of Copper (and respectively other base metals). As tomorrow, some uncertainty could be observed.
TRADING RANGE:
-COPPER: ONLY FOR MEMBERS
-ENERGY PRODUCTS
As said in Monday’s letter, Crude Oil had a U turn from 91.65 and this shall continue to be in positive trend.
In near short term, Crude may cross $100/bbl.
Positivity shall increase from next day’s US hours.
At higher levels, you are advised to book profit in 50% of long positions and hold the rest.
Mix trend is expected in NG.
TRADING RANGE:
-CRUDE OIL: 93.40-95.20
-NG:4.32-4.40

CURRENCIES

Buy EUR/USD around 1.3620 with stop loss 1.3570 for target 1.3660-1.3680. At higher levels (around 1.3660-1.3680), you can short EUR/USD for target 1.3580.
USD/INR is expected to have a change in trend from next day. USD/INR shall move in positive direction. It shall climb up to 63.50 in short term.
Dollar Index shall experience mix trend. First, it shall move in negative direction and then in positive direction. In short term, Dollar Index can go up to 82.00.
TRADING RANGE:
-EUR/USD: 1.3685-1.3620
-USD/INR: 61.20-61.80
-DOLLAR INDEX:81.25-80.80

TREASURY BOND
US Treasury Bond shall move in positive direction from 13.00 HRS (IST) to late US hours.

INDIAN STOCK MARKET

Today, Indian stock market shall trade positive (especially in second half). For the next day, Indian stock market may trade in weakness.
It is advised to make short position in Indian market at today’s closing hours (considering next day could be weak).
TRADING RANGE:
ONLY FOR MEMBERS
BUY:
– ICICI BANK
– YES BANK
– BANK OF INDIA
– INFOSYS
– RELIANCE INDUSTRIES
– CENTURY TEXTILE