Weekly View:For 23 Jul 2012, Mon-30 Jul 2012, Sat


S&P CNX NIFTY future (5220.45):


Resistance: 5307-5318 / 5424 / 5467
Support: 5165 / 5125

Our View: As of now it seems that the Nifty may bounce back and see 5424 level this week.

Over all: In coming week Nifty has good support near 5165 level and a break below which is not expected.

However, on the upside, the Nifty may find some resistance within the band between 5307-5318 levels. A break out above which taake the Nifty to test resistance near 5424 level. Further extensione of the rise is very much possible if moemntum builds.

USDINR future (55.385):


Resistance: 55.930 / 56.384 / 56.764
Support: 55.104 / 54.507 / 54.063 

Our view: As of now it seems that the USDINR may rise to see 55.930 level.

Over all: In coming the USDINR has good resistance near 55.930 level and a significant break out above which may target 56.384 level.

However, On the downside, the pair has support near 55.104 level and it may fall to test it. If this support breaks then the pair may find support within the band between 54.640-54.507 levels.

Comments

Post a Comment

Popular posts from this blog

How To Save Tax up to Rs. 12,00,000 (12 Lakhs) , India

The Budget has made no significant change for Tax Rates for Individuals. The Individuals who earn income of Less than 5 Lakhs rupees will get Rs 5000/- as Tax rebate under section 87A. There is increase insurcharge on income tax levied on individuals earning income of Rs 1 crore or more from 12 per cent at present to 15 per cent. This move is aimed at taxing the rich. The Middle Class always pay effective more tax including indirect taxes and have to plan their retirement and savings at the same time save on overall tax outgo. The Article gives you brief idea on how to save tax and at the same time make proper investment and cover insurance and Medical expenses risk. 1.Investment in 80C for Purpose of taking full benefit of 1,50,000 Deduction under 80C is related to deduction that an individual can deduct from his gross taxable income in order to reduce his tax liability by investing in specified investment. It is applicable to individuals and HUF. An assessee can get deduction under
Read more