Weekly View:For 24 Dec 2012, Mon-30 Dec 2012, Sun


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.

S&P CNX NSE NIFTY (5847):

 Resistance: 5875 / 5911 / 5992
Support: 5828 / 5775 / 5711


Our View: As of now it seems that the NIFTY may fall to test Support near 5828 level and then bounce back to 5915 level.

Over all: In coming week, the NIFTY has crucial support near 5828 level and a significant dip below which may drag the NIFTY to see another support near 5775 level.

On the upside, the NIFTY has mild resistance near 5875 level and a breakout above which may take the NIFTY towards 5915 level.

USD INR (55.058): 

 Resistance: 55.325 / 55.779 / 56.008
Support: 54.917-54.702 / 54.576 / 53.985  


Our View: As of now it seems that the USDINR may rise to see 55.779 level.

Over all: In coming week, USDINR has good support within the band between 54.917-54.702 levels. Dip below is not expect but if then it may see 53.985 level after finding mild support near 54.576 level.

On the upside, the pair has mild resistance near 55.325 level and a significant break above which may target 55.779 level.

Comments

  1. Clara MellorJune 26, 2017 at 2:58 PM

    GST-wary FPIs create heavy dollar positions to counter volatility.capitalstars

    ReplyDelete

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