Weekly Analysis Report NSE NIFTY and USD INR (25 Mar 2013 to 31 Mar 2013)


** Our technical analysis is based on the data of Metatrader4, so, the data may not match with the respective values displaying on www.nseindia.com , www.MCX-SX.com  or anywhere else,so, please adjust the data accordingly and calculate values for resistance and support levels respectively

S&P CNX NSE NIFTY 50 (5658):

Resistance: 5663 / 5718-5730 / 5775
Support: 5610-5601 / 5552-5544

Our View: As of now it seems that the NIFTY may extend its fall to see 5610-5601.

Over All: In coming week,the NIFTY has to watch out its opening on Monday, 25th Mar 2013. If it opens above immediate resistance level 5663 then may rise to test resistance within the band between 578-5730 levels without testing the resistance band between 5610-5601 level.

If it opens below resistance level 5663 then it may further extend its downfall and find support within the band between 5610-5601 levels.


USDINR (54.341):

Resistance: 54.379 / 54.553-54.651 / 54.803
Support: 54.151 / 53.985/ 53.553

Our View: As of now it seems that the USDINR may rise to see 54.553-54.651.

Our All: In coming week, watch out the opening of USDINR as if opens above 54.379 level then may rise to see 54.803 level after finding good resistance within the band between 54.553-54.651 levels

On the downside, the pair has good support near 54.151 level (not expectedto break) and a significant dip below which may drag the pair towards support near 53.985 level.


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