Weekly Analysis Report (NIFTY & USDINR): 14 OCT 2013-20 OCT 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): 14 OCT 2013-20 OCT 2013

S&P CNX NSE NIFTY 50 (6119):

Resistance: 6166 / 6222-6246 / 6340
Support: 6080 / 5987 / 5929 / 5862

Our View: As of now, it seems that the NIFTY may rise to test resistance band between 6222-6246 levels.

Overall: In coming week, the NIFTY has good resistance near 6166 level and a sinificant break out above which may target resistance band between 6222-6246 levels.

On the downside, the NIFTY has good support near 6080 level and a dip below which may find round near 5987 level.

USDINR (61.004):

Resistance: 61.279 / 61.943 / 62.609 
Support: 60.971 / 60.356 / 59.691 

Our View: As of now, it seems that the USDINR may fall to test 60.356 level.

Overall: In coming week, the USINR has good resistance near 61.279 level and a significant break out above which (not expected) may test 61.943 level.

On the downside, the USDINR has good support near 60.971 level and a dip below which may see 60.356 level.

Comments

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  3. UnknownOctober 20, 2013 at 5:30 PM

    This comment has been removed by the author.

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  4. TechTrader October 30, 2013 at 7:19 PM

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  5. UnknownNovember 19, 2013 at 1:00 PM

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