Global Stock Indices:

• As said in the weekly newsletter, Venus-Pluto conjunction shall square Saturn. The effect of this has already started. Stock Market shall be positive for today and tomorrow.
• In Asian market, profit booking is expected on higher level. Tomorrow, Asian market shall have positive opening. US and UK shall also have positive opening. But tomorrow in US market, profit booking may be observed after mid-session.
• 50% Profit Book in S&P500 tonight (1,780-85). Rest 50% position could be held with stop loss 1,775 for target 1,790-1,795.

Today’s Trading Range:

• DOW(FUT):15,750-15,890
• S&P500(FUT):1,774-1,788
• NASDAQ(FUT):3,380-3,420
• FTSE100(FUT):6,660-6,720
• CAC40(FUT):4,220-4,275
• DAX(FUT):9,040-9,120
• HANG SENG (FUT):22,450-22,650 (50% POSITION CAN BE BOOKED TODAY AND YOU COULD HOLD REST 50% FOR TOMORROW)
• NIFTY(SPOT):5,970-6,070

PRECIOUS METALS:

Today, precious metals shall be highly volatile. For today and tomorrow, positive trend is expected.

TODAY’S TRADING RANGE:

• GOLD:1,272-1,292 AND ABOVE
• SILVER:20.50 – 21.05

View on Base Metals:

Copper shall be in recovery mode for the day. Today’s Trading RANGE:

Copper:3.15-3.23

View On Energy Products:

CRUDE OIL

Crude Oil shall be positive for today and tomorrow.

NATURAL GAS

• NG shall have mix trend.

  Today’s Trading Range:

• CRUDE: 93.00-95.40
• NG: 3.50-3.62

Currencies:

Buy USD/INR @ lower level with stop loss 62.40 for short term target 64.50.

TODAY’S TRADING RANGE:

• EUR/USD: 1.3440-1.3540
• USD/INR(SPOT): 62.90-63.80
• DOLLAR INDEX : 81-79.80

View on Indian Stock Market

Today, positive opening is indicated in indian stock market.

Profit booking is possible on higher level.

Today’s Trading Range:

• NIFTY (FUT): 6,000-6,080

   

BUY ON DIPS :

• YES BANK
• DLF
• L&T
• TATA STEEL
• TATA MOTORS

  (PROFIT BOOK AS SOON AS POSSIBLE AS CORRECTION MAY BE SEEN AT HIGHER LEVEL)