Weekly View:For 3 Dec NOV 2012, Mon-08 Dec 2012, Sun


S&P CNX NSE NIFTY 50 (5902):

Resistance: 5943-5970 / 6048 / 6148-6167
Support: 5849 / 5788 / 5745 

Our View: As of now, it seems that the NIFTY may rise to test a very strong resistance within the band between 5943-5970.

Over all: In coming  week, the NIFTy has good resistance within the band between 5943-5970 levels and a siginificant break out above which may target 6048 level.

On the downside, the NIFTy has good support near 5849 level and a break below which may drag the NIFTY to test a strong support near  5788 level.

USDINR (54.258):

 Resistance: 54.500-54.615 / 55.283
Support: 53.876 / 53.554 / 53.344-53.150

Our view: As of now it seems that the USDINR may fall to test support band between 53.344-53.150 level.

Over all: In coming week, the USDINR has good resistance within the band between 54.500-54.615 and a siginifcant above which may tese resistance near 55.283 level.

On the downside, the pair has mild support near 53.876 and 53.554 levels.

Comments

  1. Sonal JainApril 27, 2017 at 12:27 PM

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