Weekly Analysis Report (NIFTY & USDINR): 30 SEPT 2013-06 SEPT 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): 30 SEPT 2013-06 SEPT 2013

 S&P CNX NSE NIFTY 50 (5883):

 Resistance:5911 / 5996 / 6093
Support: 5834 / 5740

Our View: As of now, it seems that the NIFTY may see 5740 level.

Overall: In coming week, the NIFTY has good resistance near 5911 level and a significant break out above which may target 5996 level.

On the downside, the NIFTY has mild support near 5834 level and a dip below which may find ground near 5740 level.

USDINR (62.531):

Resistance: 63.018-63.172 / 63.509 / 64.671 / 66.248
Support: 62.353 / 61.739 / 61.124

Our View: As of now, it seems that the USDINR may rise to test resistance band between 63.018-63.172 level.

Overall: In coming week, the USDINR has good support near 62.353 level, howeverm a dip below may test 61.739 level.

On the upside, the pair has good resistance within the band between 63.018-63.172 levels and a break out above which may target 63.509 level

Last week report
Weekly Analysis Report (NIFTY & USDINR): 23 SEPT 2013-29 SEPT 2013

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