Global Stock Indices:

As mentioned in previous day’s letter, DOW traded in positive direction and Asian market also opened in positive mood, today. This positivity shall continue for today as well in global stock indices and it shall also continue up-to the next day.

It’s recommended to hold your existing long position and add long positions at lower level(s).

Tomorrow, Asian and European market can have bullish trend. However, US market shall trade positive tomorrow however around late trading hours, profit booking could be seen.  

For details, please wait for the next newsletter.

Just jot down that tomorrow is really a bullish day (as per astrology).

S&P500 can cross 1,790 by tomorrow.  Hold your long position in S&P500 and if it comes down, add long position.

 Today’s Trading Range:

–          DOW(FUT):15,780-15,860

–          S&P500(FUT):1,771-1,785+

–          NASDAQ(FUT):3,450-3,480

–          FTSE100(FUT):6,470-6,560

–          CAC40(FUT):4,105-4,145

–          DAX(FUT):9,120-9,195

–          HANG SENG (FUT):23,040-23,350  (HOLD LONG POSITION FOR TOMORROW)

–          NIFTY(SPOT):6,145-6,240

Bullion shall be volatile to positive for the day. After 20.00 HRS (IST) {US Stock Market Opening} , it is recommended to watch the trend. If it moves upward then market shall be really bullish.

You should buy precious metals at lower level(s) as tomorrow is also expected to be positive. But you should also note that tomorrow opening in Asian market could be with some weakness. It shall move in positive direction then on-wards. 

Hence it is advised to book some position before today’s closing at higher levels.

View on Base Metals:

Copper shall be volatile to positive this week. 2 to 3 percent rise could be seen. Hold your long position in Copper.  Copper can go up to 3.38-3.40.

Today’s Trading RANGE:

Copper:3.29-3.35 AND ABOVE

View On Energy Products:

The day is supportive for natural gas. Buy NG at lower level.

Today’s Trading Range:

–          CRUDE: 98.20-96.20

–          NG: 4.24-4.34

View on Currencies:

Sell dollar index on higher levels and hold till tomorrow.

By next evening, Dollar Index can drop to 79.80.

Both side trend shall be observed in EUR/USD. Buy EUR/USD at lower level and Sell at higher level. Trade in and out!

TODAY’S TRADING RANGE:

–          EUR/USD: 1.3795-1.3720

–          USD/INR(SPOT): 61.50-62.20

–          DOLLAR INDEX:80.40-80.00

View on Indian Stock Market

Positive opening is indicated in Indian stock market.

Closing could be volatile to positive.

For the next day, as per astrology, Indian stock market shall trade bullish.

HOLD LONG POSITION  IN NIFTY & BANK NIFTY FOR TOMORROW

TRADING RANGE:

–          NIFTY FUT:6,175-6,250+

–          BANK NIFTY: 11,340-11,550+

BUY:

–          TCS

–          HCL TECH

–          TATA MOTORS

–          L&T

–          DLF

–          YES BANK

–          WIPRO

–          UCO BANK

–          DISH TV

–          SESA STERLITE