Weekly Analysis Report (NIFTY & USDINR): 29 JUL 2013-04 AUG 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) 29 JUL 2013- 04 AUG 2013
S&P CNX NSE NIFTY(5922)
Resistance: 5961 / 5992 / 6046
Support: 5910 / 5874-5852 / 5777-5760
OUR VIEW: As of now it seems that the NIFTY may pull back towards 5992 level.
OVERALL: In coming week, the NIFTY has good support near 5910 level ans a significant dip below which may find support within the band between 5874-5852 levels.
On the upside, the NIFTY Has mild resistance near 5961 level and breakout above which (Expected) may target 5992 level.
USDINR( 59.097):
Resistance: 59.389-59.526 / 60.127-60.319
Support: 58.501 / 57.653
Our View: As of now it seems that the USDINR may see 58.501 level.
Over All: In coming week, the USDINR has good resistance within the band between 59.389-59.526 levels and a significant break out above which may test another resistance band between 60.127-60.139 levels
.
Last week report
Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 22 JUL 2013-28 JUL 2013
NIFTY’s OPTIONS TRADING STRATEGY
Subscribe to get NIFTY POSITION TRADING TIPS at email ID
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) 29 JUL 2013- 04 AUG 2013
S&P CNX NSE NIFTY(5922)
Resistance: 5961 / 5992 / 6046
Support: 5910 / 5874-5852 / 5777-5760
OUR VIEW: As of now it seems that the NIFTY may pull back towards 5992 level.
OVERALL: In coming week, the NIFTY has good support near 5910 level ans a significant dip below which may find support within the band between 5874-5852 levels.
On the upside, the NIFTY Has mild resistance near 5961 level and breakout above which (Expected) may target 5992 level.
USDINR( 59.097):
Resistance: 59.389-59.526 / 60.127-60.319
Support: 58.501 / 57.653
Our View: As of now it seems that the USDINR may see 58.501 level.
Over All: In coming week, the USDINR has good resistance within the band between 59.389-59.526 levels and a significant break out above which may test another resistance band between 60.127-60.139 levels
.
Last week report
Weekly Analysis Report (NIFTY & USDINR) and NIFTY Trading Tips 22 JUL 2013-28 JUL 2013
NIFTY’s OPTIONS TRADING STRATEGY
Subscribe to get NIFTY POSITION TRADING TIPS at email ID
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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