Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 22 APR 2013-28 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.

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Last Week Report:

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Last week

S&P CNX NSE NIFTY 50 (5528):

Resistance: 5557 / 5584/ 5630
Support: 5518 / 5464 / 5403-5388

Our view: As of now it seems that the NIFTY may fall to test 5464 level.

Overall: In coming week the NIFTY has good support near 5518 level and a significant dip below which may drag the NIFTY to test support near 5464 level. Further extension of fall seems possible, if downside momentum build.

On the upside, the NIFTY has resistance near 5557 level and a significant break out above which may rise further to test another resistance near 5584 level.

USDINR (54.592):

Resistance: 54.675 / 54.968 / 55.324
Support: 54.588 / 54.335 / 53.940

Our View: As of now, it seems that the USDINR may rise to see 54.968 level.

Overall: In coming week, the USDINR has to watch out its opening on Monday, 15 APR 2013, as if it gives opening below 54.588 level then may fall to test support near 54.335 level.

On the upside, the pair has good resistance near 54.675 level and a significant breakout above which (expected) may target 54.968 level.


Comments

  1. Sonal JainSeptember 11, 2017 at 2:23 PM

    DCBBank in focus as USA shuts down Habib Bank over terror financing. Aga Khan Foundation is the promoter of DCB Bank.
    CapitalStars

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