Stock Markets Around the globe

Today, global markets shall be volatile to positive.

BOOK 50% PROFIT IN S&P500 SEPT FUT @ 1,975-1,978.

BOOK 50% PROFIT IN DOW FUT @ 16,996-17,020.

AND HOLD THE REST 50% IN BOTH INDEXES.

Stock market is overall positive till the next day.

From next day’s US opening to 17^th July 2014, a sharp correction is expected. Again from 18^th July 2014, positive trend is expected.

Again on 21^st, a correction is expected.

TRADING RANGE:

-DOW FUT: 16,950-17,040

-S&P500 FUT(SEP): 1,968-1,978

-NASDAQ FUT(SEP):   3,910-3,945

-FTSE FUT: 6,660-6,720

-CAC FUT : 4,330-4,360

-DAX FUT: 9,740-9,820

-HANG SENG:23,250-23,560

-AEX:402-407

PRECIOUS METALS

Last day, bullion experienced a sharp correction

For today and tomorrow, we are uncertain about trend of bullion.

Pressure may be seen owing to Fed chairman’s speech.

17^th and 18^th July 2014 are expected to be positive for bullion.

On 21^st July 2014, a sharp correction may come up.

In next week’s correction, GOLD could drop to 1,280-1,250 while SILVER could drop to 20.10-19.50.

Positional traders are advised to long 50% at next day’s US-mid session and for rest of position, they must wait for 21^st July 2014.

Today, if Gold doesn’t breach 1,302 then could go up to 1,315-1,320 in 1 -2 day.

If Silver doesn’t breach 20.78 then it can go up to 21.20.

Intra-day traders can make long position in GOLD, SILVER with strict stoploss of 1,301, 20.78 respectively.

ALERT: If Gold breaks 1,302 then Gold could drop to 1,280.

If Silver breaks 20.78 then Silver could drop to 20.50 & below.

However, our analysis makes us feel that these levels shouldn’t be breached. But you should maintain the mentioned stop loss strictly.

TRADING RANGE:

-GOLD : 1,302-1,314

-SILVER:20.82-21.15

INDUSTRIAL METALS

Copper shall be supportive.

Trading Range:

-COPPER:3.23-3.26

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be supportive.

You should book profit in crude today as from next day, it may turn range bound.

NATURAL GAS

Mix trend is expected.

Buy NG@ lower level with stop loss 4.05.

Trading Range:

-CRUDE: 101.50-102.50

-NG: 4.10-4.20

CURRENCIES

EURO

SHORT EUR/USD @ higher level.

INDIAN RUPEE (USD/INR)

Sell USD/INR at higher level.

DOLLAR INDEX

Dollar Index shall trade positive for this week. Around 80.00, add long position. In this week, dollar index can go up to 80.80-81.00.

TRADING RANGE:

– EUR/USD: 1.3640-1.3580

-USD/INR(SPOT):60.20-59.80

-DOLLAR INDEX: 80.10-80.40

US 10 YR-TREASURY BOND

Sell bonds at higher level.

TRADING RANGE:

-US 10 YR T BOND: 2.53-2.58

 INDIAN STOCK MARKET

Today, Indian market shall be volatile to positive.

For next day as well, trend shall be supportive but in 2^nd half, pressure may be observed in the market.

On 17^th, a sharp correction is expected in bullion.

On 18^th, positive trend is expected.

Bank Nifty is expected to be stronger than Nifty.

TRADING RANGE:

-NIFTY FUT: 7,440-7,550

-BANK NIFTY:14,400-14,800

BUY ON DIPS:

-RELIANCE CAPITAL

-YES BANK

-TATA STEEL

-DLF

-TATA MOTORS

-FEDERAL BANK

-KTK BANK

-ONGC

-INFOSYS (S/L 3160 TGT 3275-3320)

Updated on 7/15/2014 7:41 AM|
Authors: – Rajeev Prakash Agarwal,
Shashi Prakash Agarwal