Weekly View:For 2 Apr 2012, Mon-7 Apr 2012, Sat


S&P CNX NIFTY Future(5322.00):

Resistance: 5364 / 5411 / 5540-5575
Support: 5241 / 5210 / 5149 / 5096

Our View: As of now it seems that NIFTY may continue its last week upmove and in next week may see 5545 level after finding some Resistance near 5364 and 5411 levels, if it gives opening above 5314 level.

Over All: Next Week, NIFTY has to watch out its opening on Monday 2 APR 2012. If its open below 5314 then may see 5149 after finding some Support near 5241 and 5210 levels.

However, on the upside, if NIFTY gives opening above 5314 level then may rise to see 5411 level after finding some resistance near 5364 level. A significant break out above 5411 level may give enough momentum to NIFY which may take it to see 5545 level.

USDINR Future(51.240):

Resistance: 51.40-51.59 / 51.90 / 52.368
Support: 50.301 / 49.90 / 49.033

Our view: As of now it seems that USDINR may see 49.90 level, if it opens below 50.913 on Monday, 2 APR 2012.

Over All: Next week, USDINR has to watch out its opening. If the pair gives opening above 50.913 level, on monday, 2 APR 2012, then may rise to see 51.90 after finding some Resistance within the band 51.40-51.59. A break out above 51.90 (least Probable) may take the pair towards 52.386 where as its maximum downside could be 50.524 If the pair opens above 50.913 level.

However, on the downside, If the pair gives opening below 50.913 level, on Monday 2 APR 2012, then may fall to test Support near 49.90 level(expected). A breakout below 49.90 level(less probable)
may pressurize the pair to see 49.033.



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