Weekly View 10th to 14th February 2014

Stock Markets around the Globe

This week, major planetary change.

Sun shall enter in Aquarius sign on 12^th February 2014 at US closing hour while Mercury in retrogression motion shall enter in “dhanishta” nakshatra on 12^th February 2014.

Volatile to positive trend is expected on Monday.

On Monday’s US mid session (IST) or Tuesday’s early Asian hours, S&P500 shall experience sharp correction.

This shall continue on 11^th, 12^th and then a U turn shall be seen. From mid-session of US hours of 12^th (IST) the U turn is expected.

With volatility, positive trend shall be seen till Friday (14^th February 2014).

On 17^th, US market shall be closed.

However, S&P500 shall be positive on Monday as well.

Hold long positions for next week.

S&P500 may go up to 1,804-1,808. At those levels, you can cut your long position and make short positions.

Hold this short position up-to Wednesday.

The lower level for S&P500 is 1,760 & below.

At these levels, you can book profit in short position and make long position.

For further details, kindly wait for the intra-day newsletter.

Profit book in long position for DOW JONES. With a stop loss of 15,950, make short position in DOW JONES for target 15,600-15,550.

TRADING RANGE:

• ONLY FOR MEMBERS

PRECIOUS METALS

Precious metals shall be positive on Monday.

However, from late US hours, correction is indicated. This sharp decline shall continue on Tuesday and Wednesday.

From Thursday, a U turn shall be seen.

It is recommended to long precious metals on 12^th February 2014.

On 13^th February 2014, good bullish trend shall be seen.

On Friday as well, profit booking shall be seen.

For Monday, the upper range for GOLD shall be 1,275-1,280 while that for SILVER shall be 20.20-20.50.

At these levels, you can make positional short position for target 1,245-1,240 (GOLD), 19.70-19.50 (SILVER).

On Wednesday, you can make long positions in bullion at lower levels.

Hold long position up-to Thursday’s evening.

By Thursday’s evening, we expect GOLD to reach 1,275-1,280 & SILVER to reach 20.20-20.50.

At these levels, book profit in your long position.

For further details, kindly wait for the daily newsletter.

TRADING RANGE:

• ONLY FOR MEMBERS

 INDUSTRIAL METALS

Copper and other base metals shall be positive on Monday. However on Tuesday and Wednesday, some correction is expected.

And then, from Wednesday’s US hours (IST), recovery shall be seen.

Copper and other base metals shall trade positive on Thursday and Friday.

TRADING RANGE:

• COPPER: 3.22-3.27

ENERGY PRODUCTS

Crude Oil shall be in negative trend up-to Thursday with volatility. A zigzag pattern may be observed for Oil.

Recovery shall start from 96/95$/bbl.

On Monday, at higher levels, you are advised to short OIL.

In the first 3 days of week, a sharp correction could be observed in Crude Oil.

Buy NG at lower level(s). NG shall start recovering from lower levels on Monday. And then it shall trade positive up-to Wednesday.  A fall may be seen on Wednesday’s evening.

This ‘negative’ trend shall continue up-to Friday.

Weekly Range:

ONLY FOR MEMBERS

MONDAY’S TRADING RANGE:

ONLY FOR MEMBERS

CURRENCIES

EURO

On Monday, EUR/USD shall be slightly upside.

From Monday’s post US opening, EUR/USD shall experience correction. This correction shall continue up-to Wednesday.

And then, recovery shall be seen from lower levels on Wednesday and continue to be positive till Friday.

INDIAN RUPEE (USD/INR)

USD/INR shall trade between 62.00-62.50 this week.

From Monday’s US hours, USD/INR shall experience a bounce back.

With a stop loss of 61.80, you can buy USD/INR for target 62.50.

DOLLAR INDEX

Dollar Index shall be somewhat in weak trend for Monday.

From Monday’s US opening, bounce back shall be seen in dollar index. This shall continue to be positive till Wednesday. And then, a correction shall be seen from Thursday and up-to Friday.

Weekly Range:

ONLY FOR MEMBERS

TRADING RANGE:

• ONLY FOR MEMBERS

  
  US Treasury Bond

Treasury bond shall be weak on Monday.

From Monday’s mid US hours, Bonds shall trade in positive direction. This shall continue till Wednesday.

Again, declining trend shall be seen from Thursday to Friday.

INDIAN STOCK MARKET

On Monday, Indian stock market shall be bullish.

On Tuesday, sharp correction is expected in the market.

This correction may continue up-to first half of 12^th.

With volatility, after mid-session of 12^th, Indian stock market shall bounce back.

The first half of 13^th Feb shall be positive for Indian stock market.

In the second half of 13^th Feb, some correction shall be seen.

On 14^th, volatile trend shall be observed in Indian stock market.

MONDAY’S VIEW

On 10^th, market shall open positive. Some profit booking may be seen. And from 11.00 HRS (IST) to 15.00 HRS (IST), bullish trend shall be observed in the Indian market.

Before Monday’s closing hour, you are advised to make short position in NIFTY & BANK NIFTY and hold for Tuesday.

TRADING RANGE:

• NIFTY(FUT): 6,040-6,090-6,120
• BANK NIFTY: 10,100-10,450+

BUY (INTRA-DAY):

-TATA STEEL

-TATA MOTORS

-RANBAXY

-DLF

-VOLTAS

-CENTURY TEXTILES

#Book profit in the said stocks before closing and do not hold long position.

Updated at 2/9/2014 11:08 AM(IST) |Authors: – Rajeev Prakash Agarwal, Shashi Prakash Agarwal