Stock Market and Bullion on 10th April 2014

Stock Markets Around the globe

As said in previous letter, US market traded in positive direction.

Today, Asian market is expected to be positive.

Around closing hour, some profit booking could be achieved.

Tomorrow, again, a positive opening could be seen in Asian market.

US market shall be positive till tomorrow’s UK opening. And then onwards, profit booking could be observed.

Profit book in S&P500 LONG position @1,866-1,875.

You are also advised to short 50% position in S&P500 @ 1,866-1,875. Hold this position for next week.

In HSI, book 50% long position today and rest hold for tomorrow.

PRECIOUS METALS

Bullion shall trade volatile to positive.

You are advised to book 50% long position in GOLD @1,316-1,320 and SILVER @20.00-20.20.

Hold rest 50% for next week.

Trading Range:
– GOLD: 1,308-1,328

-SILVER: 19.85-20.30

INDIAN STOCK MARKET

Today, Indian market shall trade volatile to positive.

In second half, profit booking should be observed.

TRADING RANGE:

–  NIFTY (FUT) : 6,780-6,880

– BANK NIFTY: 12,850-13,180

 POSITIONAL BUY:

– INFOSYS S/L 3240 TGT 3320-3380

–  TATA MOTORS S/L 418 TGT 428-432

– SBI

–  YES BANK

–  BANK OF INDIA

–  RELIANCE

–  L&T

(Sent @ 10-APR-2014 :: 07.25 HRS IST