Important Note: In the last week, we had mentioned on our website that on 25th and 26th January, a sharp decline is anticipated in stock market and crude oil – the prediction turns out to be correct.

Daily Newsletter (26^th January 2016)

HAPPY REPUBLIC DAY!

Today, Mercury shall turn direct at 18.00 HRS IST. This will reduce the overall volatility in market.

Global Equity Indices

Market shall trade upward till 29^th January 2016.

The low of 1865 has been made by S&P 500 FUT. You are advised to cover complete short position and make 50% long position. You can add the rest 50% if S&p500 retests 1840-1850.

After US opening, market shall move up.

By weekend, S&P500 can touch 1920+.

Asian market shall be positive tomorrow.

Positional traders in US market can long following stocks:

• APPLE
• MICROSOFT
• GE
• HOME DEPO
• PFIZER
• P&G
• JP MORGAN

TODAY’S TRADING RANGE: *March Contract for FUT

• DOW (FUT):16700-16900
• S&P 500 (FUT):1860-1890
• NASDAQ (FUT):4160-4220
• FTSE (FUT):5740-5820
• CAC(FUT): 4230-4290
• DAX(FUT): 9590-9800
• AEX(FUT):410-420
• HENG SENG(FUT):18800-19100

PRECIOUS METALS

Gold made a high of 1111. Hold short position in Gold – we are not expecting it to cross 1120. Avoid S/L until any specific notification in this context.

Short Silver @ 14.25-14.30 for target 13.90.

It may drop to 1081 or below by tomorrow.

Gold shall remain negative for tomorrow.

If 1080-1081 is seen, you should cover short position and make 50% long position.

Long 50% Silver @ 13.80-13.90.

TRADING RANGE:

• GOLD: 1112-1095
• SILVER: 14.30-14.00

INDUSTRIAL METALS

Hold long position in Copper – it is expected to cross 2.10 in coming days.

CRUDE OIL

You are advised to add the rest 50% long in oil @ 28.80-29.20.

In coming days, it will cross 34 and may even achieve 38.

We are expecting a highly bullish trend till 15^th February 2016.

NG

NG shall continue in bullish pattern. It may move up to 2.25 anytime soon.

TRADING RANGE

• CRUDE(MARCH):28.80-31.50
• NG : 2.08-2.18

EURO

Book 50% profit in EUR/USD @ 1.0850. And hold rest 50% for target 1.0950.  And buy back position in EUR/USD if it retests 1.0820.

USD/INR

HOLIDAY

DOLLAR INDEX

Dollar index shall be negative till Friday. And it can drop to 98.

US TREASURY BONDS

Book 50% profit in US 10 YEAR @2.00 and US 30 YEAR @ 2.79.

Hold rest 50% for target 1.90 *US 10 YEAR & 2.70 * US 30 YEAR TREASURY BONDS.

Bonds shall continue to be positive till the weekend.

TRADING RANGE:

• US 10 YEAR: 2.02-1.95
• US 30 YEAR: 2.84-2.74