Weekly View:For 22 Oct 2012, Mon-28 Oct 2012, Sun


S&P CNX NIFTY 50 Future(5684.30):

 Resistance: 5709 / 5779 / 5869
Support: 5652 / 5597 / 5520

Our view: As of now it seems that the NIFTY may see 5597 level.

Over all: In coming week, the nifty has good resistance near 5709 level and a siginficant break above which may target 5779 level.

On the downside, the NIFTY has mild support near 5652 level and a significant break below which may drag the NIFTY towards 5597 level.


USDINR Future (53.985):

 Resistance: 54.273 / 54.700 / 54.965 
Support: 53.514 / 53.161 / 52.700

Our View: As of now it seems that the USDINR may rise to see 54.700 level.

Over all: In coming week, the USDINR has good resistance near 54.273, however, a significant break above which may take the pair to test 54.700 level.

On the downside, the pair good support near 53.514 level and is expected to hold. However, if it breaks below this, then it may fall to test support near 53.161 level.

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