Stock Markets Around the globe

Today, market is expected to be highly volatile.

S&P500 has made a low of 1,832. You are advised to long S&P500 for target 1,865-1,875 and profit book around 1,870-1,875 and there book 50% short position.

From US mid-session, S&P500 shall move upward.

Till Friday’s mid-session, S&P500 shall remain positive.

Short 50% S&P500 around 1,870-75 and hold rest for next week.

You are advised to long Asian and European indexes as next day is positive for both of them.

Trading Range:

–          DOW(FUT): 16,120-16,280

–          S&P500(FUT):1,836-1,855

•         NASDAQ(FUT):3,490-3,560

–          FTSE(FUT):6,500-6,570

–          CAC(FUT):4,390-4,440

–          DAX(FUT):9,470-9,560

–          HSI (FUT):22,480-22,840 {Make long position at lower level and hold for tomorrow}

–          NIFTY(SPOT):6,630-6,720

PRECIOUS METALS

Bullion shall trade range bound to positive.

Any time, a sharp bull run could come up in bullion.

Hold long position in precious metals.

Trading Range:

– GOLD: 1,302-1,315

-SILVER: 19.85-20.30

BUY BULLION @ LOWER LEVEL

INDUSTRIAL METALS

Copper shall trade volatile to positive.

TRADING RANGE:

–          COPPER:3.02-3.08

ENERGY PRODUCTS

CRUDE OIL

Crude Oil shall be volatile to positive.

Bullish trend shall be seen from tomorrow till 16^th April 2014.

Crude Oil can go up to $105-106/bbl.

NATURAL GAS

Sell NG on rise.

Trading Range:

–          CRUDE: 101.50-102.80

–          NG: 4.56-4.45

CURRENCIES

EURO

Sell EUR/USD on rise.

INDIAN RUPEE (USD/INR)

Buy USD/INR at lower level.

DOLLAR INDEX

Dollar index shall move in positive direction from today.

Positive trend shall be seen till Friday’s mid-session.

Buy Dollar Index @ lower level.

TRADING RANGE:
– EUR/USD: 1.3820-1.3720

-USD/INR(SPOT): 59.80-60.20

-DOLLAR INDEX: 79.80-80.40

US TREASURY BOND

Bonds shall have a U turn from today.

Negative move shall be observed, which may last till Friday’s US mid-session.

Sell bonds on rise.

INDIAN STOCK MARKET

Today, highly volatile trend is expected in Indian stock market but next day is positive.

TRADING RANGE:

–          NIFTY (FUT) : 6,740-6,790

–          BANK NIFTY: 12,500-12,750

BUY:

–          WIPRO

–          INFOSYS

–          AMBUJA CEMENT

–          SBI

–          YES BANK

–          KTK BANK

 Updated at 4/9/2014 7:27 AM| Authors: – Rajeev Prakash Agarwal, Shashi Prakash Agarwal

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