Weekly Analysis Report NSE NIFTY and USD INR (07-Jan-2013 to 13-Jan-2013)



Notes: Technical analysis is based on the data of meta trader platform for respective instrument and we cannot guarantee for the accuracy of data. Please, adjust resistance and support levels on closing value basis.


Last week we said:

S&P CNX NSE NIFTY 50 (5950):

Resistance: 5959-5974 / 6029-6063 / 6140
Support: 5910 / 5866-5843 / 5796

Our View: As of now it seems that the NIFTY may rise to see 6029-6063 levels.

Over All: In coming week, the NIFTY has good resistance within the band between 5959-5974 and a break out above which (expected) may target 6029-6063 level.

On the down side, the NIFTY has good support neat 5910 level and a significant dip below which (not expected) may drag the NIFTY to find support within the band between 5866-5843 levels.


USD INR(54.760):

Resistance: 54.837-55.014 / 55.545
Support: 54.412 / 54.034-53.960 / 53.251

Our View: As of now it seems that the USDINR may fall to see 54.412 level.

Over All: In coming week, the USDINR has good resistance within the band between 54.837-55.014 level and a significant break our above which (not expected) may push the pair to see 55.545 level.

On the down side, the pair has support near 54.412 level and a significant dip below which may drag down the pair towards the support band between 54.034-53.960 levels.

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