Weekly Analysis Report (NIFTY & USDINR): 24 JUN 2013-30 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.
Weekly Analysis Report (NIFTY & USDINR) 24 JUN 2013- 30 JUN 2013
S&P CNX NSE NIFTY(5651):
Resistance: 5677 / 5744 / 5795 / 5959
Support: 5590 / 5537 / 5463
Our View: As of now it seems that the NIFTY may bounceback and see 5744 level.
Overall: In coming week the NIFTY has good Resistance near 5677 level and a significant break out above which (Expected) may target 5744 level.
On the downside,the NIFTY has good support near 5590 level and a sginifcant dip below which (Not Expected) may find ground near 5537 level.
USDINR(59.268):
Resistance: 59.373 / 59.749-59.984 / 60.506
Support: 59.025-58.848 / 58.453
Our view: As of now it seems that the USDINR may 59.749 level
Overall: In coming week,the USDINR has good resistance near 59.373 and a significnat dip above which may test resistances within the band between 59.749-59.984 levels.
On the downside,the USDINR has good support within the band between 59.025-58.848 levels and a significant dip below which may test support near 58.453 level.
Subscribe to get NIFTY POSITION TRADING TIPS at email ID
Initial Investment 50000.00 (08 APR 2013)
Return 14987.50
Net Equity 65742.50
P/L(%) 29.98%
Max. Drawdown(%) -1.63%
Last week report
Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 17 JUN 2013-23 JUN 2013
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.
Weekly Analysis Report (NIFTY & USDINR) 24 JUN 2013- 30 JUN 2013
S&P CNX NSE NIFTY(5651):
Resistance: 5677 / 5744 / 5795 / 5959
Support: 5590 / 5537 / 5463
Our View: As of now it seems that the NIFTY may bounceback and see 5744 level.
Overall: In coming week the NIFTY has good Resistance near 5677 level and a significant break out above which (Expected) may target 5744 level.
On the downside,the NIFTY has good support near 5590 level and a sginifcant dip below which (Not Expected) may find ground near 5537 level.
USDINR(59.268):
Resistance: 59.373 / 59.749-59.984 / 60.506
Support: 59.025-58.848 / 58.453
Our view: As of now it seems that the USDINR may 59.749 level
Overall: In coming week,the USDINR has good resistance near 59.373 and a significnat dip above which may test resistances within the band between 59.749-59.984 levels.
On the downside,the USDINR has good support within the band between 59.025-58.848 levels and a significant dip below which may test support near 58.453 level.
Subscribe to get NIFTY POSITION TRADING TIPS at email ID
Initial Investment 50000.00 (08 APR 2013)
Return 14987.50
Net Equity 65742.50
P/L(%) 29.98%
Max. Drawdown(%) -1.63%
Last week report
Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 17 JUN 2013-23 JUN 2013
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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