Weekly Analysis Report (NIFTY & USDINR): 01 JUL 2013-06 JUL 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.

Weekly Analysis Report (NIFTY & USDINR) 01 JUN 2013- 06 JUN 2013 

S&P CNX NSE NIFTY 50 (5828):
Resistance: 5842-5850 / 5901 / 5963 / 5984-5990
Support: 5775 / 5679 / 5631 

Our View: As of now it seems that the NIFTY may rise to see 5963 level.

Overall: In coming week the NIFTY has good resistance within the band between 5842-5850 levels and a significant break out above which may give enough momentum to see 5963 level after finding some resistance near 5901 level.
On the downside, the NIFTY has good support near 5775 level and a significant dip below which may find ground near 5679 level.

USDINR (59.517)

Resistance: 59.903 / 60.206 / 60.763 / 61.585
Support: 59.217-59.072 / 57.700 

Our view: As of now it seems that the USDINR may may see 57.700 level.

Over all: In coming week, the USDINR has crucial support within the band between 59.217-59.072 levels and a significant dip below which may find ground near 57.700 level.
On the upside, the pair has good resistance near 59.903 level and a significant breakout above which may target 60.206 level.
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Last week report
Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 24 JUN 2013-30 JUN 2013


NIFTY’s OPTIONS TRADING STRATEGY (Last Week Summary)

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Initial Investment(8 APR 2013):  50000.00
Return 13227.50
Net Equity 65742.50
P/L(%) 26.46%
Max. Draw down(%) -3.39%


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.

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