Global Equity Indices
Market shall be highly volatile for the day. Today, the markets across UK, France, HK are closed.
It is expected from US market to take a U turn after making a low today. Next day, Asian market may open positive.
Today- S&P500 made a low of 2317 while DOW and NASDAQ made lows of 21452 and 6823. There onwards, some recovery has been observed.
Either the low has already been made or will be made around US opening.
As per astrology, from today’s mid-session of US market, stocks will reverse and remain positive for the next 2 days.
At lower level, it is advised to long indices and stocks. S&P500 can cross 2450 in the next 2 sessions. The recovery will be quick.
Bullion shall remain positive till next session. On Friday, profit booking is possible. Gold can move up to 1282-1285 while Silver can move up to 15.00 or higher by next session.
It is advised to book profit in precious metals at higher level as a drop is indicated on Friday.
Long Copper at CMP (2.65) for target 2.75 in 1-2 day with S/L 2.60.
Crude oil may recover anytime soon. Overall, trend is upward until 14th January 2019. In the current week, a considerable uptrend may be visible from next session. On Friday, correction is possible. Next Monday, it’ll again move upward.
Long oil at CMP.
Recovery is indicated for NG. With S/L of 3.38, long NG.
EUR/USD shall remain upward. It can move up to 1.1480. It is advised to book full profit there.
GBP/USD may move up to 1.2750 or higher. It is advised to book full profit there.
Long USD/JPY with S/L 110.00 for target 111.40.
Positional traders shall long USD/INR @ 69.80 for target 71.
Around 95.75, book full profit in dollar index. And there itself, enter into long position.
US Treasury Bonds
US 30 Year T-Bond:
Short US 30 Y T-Bond at CMP with S/L 146.22.
Long yield (US 10 Y Yield and US 30 Y Yield) at lower level.
Indian Stock Market
Indian market shall be highly volatile for the day. Market may trade downward till 12.00 HRS. After 12.00 HRS, it shall be mixed to positive.
Positional traders can long Nifty @10600-10575 or around the closing hour and hold until Friday. There itself, they can also buy Bank Nifty.
Next 2 sessions are expected to be positive for the Indian market.
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