Stock Markets around the Globe

Today, Asian market is expected to have weakness in first half. Recovery shall follow in second half. Closing is expected to be positive. In next week, up-to Thursday (16^th Jan 2014), market is expected to be positive. In this time frame, a big bullish move could be observed.

Similar trend shall be seen in UK. US as well shall close positive.

In next week, S&P500 can go to 1,855-1,865.

It is recommended to buy S&P500 @ 1,820-1,830.

 PRECIOUS METALS

Today, volatile to sideways movement shall be seen in precious metals. On next Monday and Tuesday, slightly positive trend shall be observed. However, from 16^th January 2014, precious metals shall be seen in highly bullish trend, which shall last till MARCH 2014.

In this time frame, GOLD may cross 1,330 while SILVER may cross 23.00.

It is recommended to long GOLD @ 1,218-1,225 & SILVER @ 19.20-19.40.

TRADING RANGE:

• GOLD: 1,218-1,240
• SILVER: 19.30-19.90

INDUSTRIAL METALS

Copper is expected to trade in weakness with ups and downs up-to Monday. Monday on wards, industrial metals shall turn in direction of positive trend.

From Wednesday, bullish trend shall be observed in industrial metals.  COPPER may cross 3.60 in short term.

It is recommended to long COPPER @ 3.28-3.30.

TRADING RANGE:

• COPPER: 3.28-3.32

ENERGY PRODUCTS

NG shall have weakness today.

From Monday, somewhat positive trend shall be observed in Oil and it would turn bullish from Wednesday.

It is recommended to long NG @ 3.95-4.00 and hold the buying position.

Crude Oil shall trade sideways till 15^th January 2014.

From 17^th, bullish trend is expected in Crude Oil.

Monday and Tuesday are also supportive for Oil.

It is recommended to long Crude Oil @ 91.45-92.00 and hold for next week for target 100+/bbl.

TRADING RANGE:

• CRUDE OIL:91.45-92.80
• NG:3.95-4.05

CURRENCIES

EUR/USD could trade highly negative next week.

The higher level for EUR/USD could be 1.3650-1.3680 while the expected lower level (as per our analysis) is 1.300.

USD/INR shall start moving upward from 17^th January 2014. It shall cross 63.00.

From 16^th, Dollar Index shall trade very positive and we may see DOLLAR INDEX crossing 82.00.

MONDAY’S TRADING RANGE:

• EUR/USD: 1.3640-1.3560
• USD/INR: 61.90-62.40
• DOLLAR INDEX:80.00-81.20

Indian Stock Market

Today, Indian stock market shall have weakness in first half. Recovery shall be observed from lower level.

In next week, positive trend shall be seen in Indian stock market.

TRADING RANGE:

• NIFTY(FUT): 6,150-6,210
• BANK NIFTY: 10,900-11,200

BUY:

RAYMONDS

RENUKA SUGAR

SUN PHARMA

TATA COFFEE

COAL INDIA

INFOSYS (WITH S/L 3,400)

SELL AT HIGHER LEVEL:

– YES BANK

–  TATA STEEL

It would be recommended to book profit in short position timely.

This newsletter was Sent at 1/10/2014 7:23 AM(IST)