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Global View of NTD as on 10th Aug 2013

All what is up is tired and what is down is marching slowly forward....



USDINR Spot



STOCK MARKETS

US
Dow Jones closed lower this week as compared to previous week. It closed at 15425 versus previous close of 15524. Our bias strongly remains downwards. Range for this week would be 14900-15600.

Japan
Japanese markets closed at 13615 as compared to 14473 last week. Nikkei 225 is currently at a crucial level. If it sustains below 13600, we can see sharp downward movement up to 12500. The range for Nikkei 225 is 14500 on the upper side and 12500 on the lower end.

China
Shanghai market closed at 2052 versus previous close of 2029. We believe that Chinese markets are bottoming out and 1980 would act as a support. The range for this week is between 1950 and 2150.


GOLD

Gold closed this week at 1313.50 versus previous close of 1311. Gold made a low of 1272 and turned upwards from there. The range for this coming week would be between 1250 and 1350. Above 1380 we can see a large up surge in Gold.


OIL    

Brent Oil closed at 108.22 this week versus close of 108.93 in previous week. Brent touched a low of 105.86 however it reversed from there. There seems to be supply near 110-111 and we do not see Brent crossing 111 easily. The range for Brent Oil this week would be between 107 and 110. Crude Oil closed at 106.17 versus previous close of 106.85. It was volatile this week; made a low of 106.17 and reversed from there.


(10.08.2013)

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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