Weekly View:For 26 NOV 2012, Mon-01 Dec 2012, Sun


S&P CNX NSE NIFTY 50 (5626):

 Resistance: 5693-5712 / 5780-5800 / 5883
Support: 5621 / 5564-5531 / 5473

Our View: As of now it seems that the NIFTY may rise to test Resistances within the band between 5693-5712.

Over All: In coming NIFTY has good support near 5621 level and a significant break below which may drag the NIFTY to test a strong support band within 5564-5531 levels.

On the upside, the NIFTY has good resistances within the band between 5693-5712 and a significant break above which may provide upward thrust and take NIFTY to test another resistance band within 5780-5800 levels.

USDINR (55.519):

 Resistance: 55.706 / 55.979 / 56.458 
Support: 55.329 / 55.057 / 54.594

Our View: As of now it seems that the USDINR may fall to test support near 55.057 level.

Over all: In coming week, the USDINR has good support near 55.329 level and a significant break below which may fall to test support near 55.057 level.

On the upside, the pair has good resistance near 55.06 level and a significant break above which may take the pair to test resistance near 55.979 level. Further extension of rise seems not possible.

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