Weekly View:For 29 Oct 2012, Mon-04 Nov 2012, Sun


S&P CNX NIFTY 50 future (5704):

 Resistance: 5720 / 5759 / 5826
Support: 5681 / 5643 / 5598

Our View: As of now it seems that the NIFTY may rise to see 5826 level.

Over all: In coming week, the NIFTY has a crucial resistance near 5720 level and a significant break above which (expected) may take the NIFTY to 5826 level after finding some resistance near 5759 level.

On the downside, the NIFTY has good support near given levels.

USDINR future (53.630):

 Resistance: 54.10 / 54.38 / 55.534
Support: 53.461 / 52.937 / 52.414

Our View: As of now it seems that the USDINR may fall to test support near 52.937 level.

Over all: In coming week, the USDINR has good resistance near 54.10 level and a significant break above which may test another good resistance near 54.38 level.

On the downside, the pair has mild support near 53.461 level and a significant break below which may find support near 52.937 level. This fall could extend to 52.414 level, if downside momentum builds.

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