Global Stock Indices

As expected, global equities have opened negative. Book full profit in short position of S&P500 at 1,990-1,995.

At this level, you are advised to make 50% long position for S&P500.  You can buy another 50% position if 1,980 is seen. Target for long position: 2,045-2,055.

Today, market has already made its bottom or will make one.

Next day, market is expected to close positive.

You can accumulate long position at closing in Asian and European indices as well.

PRECIOUS METALS

Bullion shall move up for today and tomorrow. Gold can cross 1,3– any time. Stop loss for long position in Gold: 1,–0.

Any time, silver can cross 18.-0.

Stop loss for long position in Silver: 1-.-0.

In a day or two, bullion will witness a sharp up move.

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INDUSTRIAL METALS

With stop loss of 2.40, long copper. 

CRUDE OIL

Buy oil with s/l 43.50.

NATURAL GAS

Buy NG with s/l below 2.80. 

CURRENCIES::

EURO

Buy EUR/USD at lower level.

INDIAN RUPEE (USD/INR)

Buy USD/INR with stop loss 61.10 for target 61.70-62.50/

DOLLAR INDEX

Sell dollar index at higher level.

US 10 YR-TREASURY BOND

Book full profit in bonds.

At 1.72, build 50% short position in bonds.

If 1.65 is seen, build another 50% short position in bonds.

By tomorrow, we are expecting a considerable fall in bonds.

INDIAN STOCK MARKET

It is the expiry day and hence highly volatile trend is expected. Trade with caution. Bearish opening is expected.

Nifty Fut Jan contract if breaks 8,870 then can drop to 8,820. Bank Nifty if breaks 20,400 then can drop to 20,100.

From next day, we expect Indian equities to turn positive.

In the next week, positive trend is expected.