Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 27 MAY 2013-02 JUN 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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Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 20 MAY 2013-26 MAY 2013
Last Week:
S&P CNX NSE NIFTY 50 (6186):
Resistance: 6232 / 6279 / 6364
Support: 6167 / 6108 / 6055
Our view: As of now it seems that the NIFTY may rise to see 6232 level.
Over all:In coming week,the NIFTY has good resistance near 5232 level and a significant break out above which may target 6279 level.
However,on the downside, the NIFTY has good support near 6167 level and a significant dip below which may drag the NIFTY down to test support near 6108 level.
USDINR (54.874):
Resistance: 55.289 / 55.683-55.845
Support: 54.621-54.522 / 54.278 / 54.031
Over all: As os now it seems that the USDINR may rise to see 55.683 level.
Our view: In coming week, the USDINR has good resistancenear 55.289 levelbut a significant break out above which may target 55.683-55.845 level.
However,on the downside,the pair has good support wihthn the band between 54.621-54.552 and a dip below which is not expected.
NIFTY POSITION TRADING TIPS
Profit Booked
1 Lot NIFTY-PE-6100-30MAY2013
Current holding:
1 Lot NIFTY-CE-6300-30MAY2013
Net P/L : 3375
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 27 MAY 2013-02 JUN 2013 at email ID
Read on google drive
Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 20 MAY 2013-26 MAY 2013
Last Week:
S&P CNX NSE NIFTY 50 (6186):
Resistance: 6232 / 6279 / 6364
Support: 6167 / 6108 / 6055
Our view: As of now it seems that the NIFTY may rise to see 6232 level.
Over all:In coming week,the NIFTY has good resistance near 5232 level and a significant break out above which may target 6279 level.
However,on the downside, the NIFTY has good support near 6167 level and a significant dip below which may drag the NIFTY down to test support near 6108 level.
USDINR (54.874):
Resistance: 55.289 / 55.683-55.845
Support: 54.621-54.522 / 54.278 / 54.031
Over all: As os now it seems that the USDINR may rise to see 55.683 level.
Our view: In coming week, the USDINR has good resistancenear 55.289 levelbut a significant break out above which may target 55.683-55.845 level.
However,on the downside,the pair has good support wihthn the band between 54.621-54.552 and a dip below which is not expected.
NIFTY POSITION TRADING TIPS
Profit Booked
1 Lot NIFTY-PE-6100-30MAY2013
Current holding:
1 Lot NIFTY-CE-6300-30MAY2013
Net P/L : 3375
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.
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