Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 29 APR 2013-05 MAY 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.
Subscribe to get Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 29 APR 2013-05 MAY 2013 at email ID
Read on google drive
Last Week:
S&P CNX NSE NIFTY (5769):
Resistance: 5814/ 5855
Support: 5710 / 5671-5665 / 5594
Our view: As of now it seems that the NIFTY may rise to test 5814 level.
Overall: In coming week, the NIFTY is having good resistances near 5814 level as well as 5855 level and if NIFTY breaks significantly above then may give a bull run towards 5967 level
On the downside,the NIFTY is also under the threat of falling wedge formation and it would be confirmed, if it dips below 5671-5664 levels significantly.
USDINR:
Resistance: 54.391 / 54.613-54.748 / 55.286
Support: 53.814 / 53.535 / 53.110
Our view: As of now it seems that the USDINR may fall to test 53.535 level.
Overall: In coming week, the USDINR may has mild resistance near 54.391 level followed by an strong resistance band between 54.613-54.748 levels and a significant break out above which may take the USDINR to see 55.286 level.
On the down side,a significant dip below 55.535 level may drag the pair down towards 53.110 level.
NIFTY POSITION TRADING TIPS
We are waiting for right time, so stay tuned
Disclaimer:
These trading/hedging ideas or tips or strategies, are only our views solely based on our analysis, research as well understanding and may go wrong.
Our recommendations or views or associated data, though given with the best of intentions but we are not guaranteeing any kind of accuracy related with it. They are subject to change without notice. Those acting in the market on the basis of our recommendations or views or associated data are themselves responsible for any profits or losses that might occur, without recourse to us. Trading markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
We can not guarantee any kind of profit/loss incurred to you, if you are either trading or hedging or investing as per our ideas or recommendations or strategies.
Subscribe to get Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 29 APR 2013-05 MAY 2013 at email ID
Read on google drive
Last Week:
S&P CNX NSE NIFTY (5769):
Resistance: 5814/ 5855
Support: 5710 / 5671-5665 / 5594
Our view: As of now it seems that the NIFTY may rise to test 5814 level.
Overall: In coming week, the NIFTY is having good resistances near 5814 level as well as 5855 level and if NIFTY breaks significantly above then may give a bull run towards 5967 level
On the downside,the NIFTY is also under the threat of falling wedge formation and it would be confirmed, if it dips below 5671-5664 levels significantly.
USDINR:
Resistance: 54.391 / 54.613-54.748 / 55.286
Support: 53.814 / 53.535 / 53.110
Our view: As of now it seems that the USDINR may fall to test 53.535 level.
Overall: In coming week, the USDINR may has mild resistance near 54.391 level followed by an strong resistance band between 54.613-54.748 levels and a significant break out above which may take the USDINR to see 55.286 level.
On the down side,a significant dip below 55.535 level may drag the pair down towards 53.110 level.
NIFTY POSITION TRADING TIPS
We are waiting for right time, so stay tuned
Disclaimer:
These trading/hedging ideas or tips or strategies, are only our views solely based on our analysis, research as well understanding and may go wrong.
Our recommendations or views or associated data, though given with the best of intentions but we are not guaranteeing any kind of accuracy related with it. They are subject to change without notice. Those acting in the market on the basis of our recommendations or views or associated data are themselves responsible for any profits or losses that might occur, without recourse to us. Trading markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
We can not guarantee any kind of profit/loss incurred to you, if you are either trading or hedging or investing as per our ideas or recommendations or strategies.
Comments
Post a Comment