Weekly Analysis Report NSE NIFTY and USD INR (01 APR 2013 to 07 APR 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 (5720):



 Resistance: 5778-5792 / 5851 / 5919 
Support: 5692 / 5639 / 5572

Our view: As of now it seems that the NIFTY may rise to test resistance within the band between 5778-5792 levels.

Over all: In coming week,the NIFTY has good support near 5692 level and is expected to hold,if not then may find support near 5639 levels.

On the upside, the NIFTY is having good resistance within the band between 5778-5792 levels and a significant break out above which may take the NIFTY to see 5919 level after finding some good resistance near 5851 levels

USDINR(54.282)


Resistance: 54.438-54.500 / 54.674 / 55.051
Support: 54.213-54.081 / 53.779-53.742 / 53.316

Our View: As of now it seems that the USDINR may 54.674 level after finding some resistance within the band between 54.438-54.500 levels.

Overall: In coming week, the USDINR has to watch out its opening on Monday,1st Apr 2013. If it gives opening above 53.300 level then it may give bull run towards 54.674 level.

However, If it gives opening below 54.300 then may find good support within the band between 54.213-54.081 levels. A dip below which seems not possible but if then may find support within the band between 53.779-53.742 levels.

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