Weekly View:For 11 Jun 2012, Mon-16 Jun 2012, Sat


S&P CNX NIFTY Future (5076.25)


Resistance: 5133-5153 / 5220 / 5314
Support: 5051-5035 / 4991 / 4950

Our View: As of now it seems that the Nifty may fall to test support band between 5051-5035 levels and then rise towards resistance band between 5133-5153 levels.

Over all: In coming week the Nifty has to watch out the crucial support within the band between 5051-5053 levels. If this support holds then the Nifty may rise to test resistance band between 5133-5153 levels and a siginficant break out above which may target 5220 level.

However, on the downside, a significant break below the support band between 5051-5053 levels may find ground near 4991 level. Further fall is least expected, but if then 4951 level may hold the Nifty.

USDINR Future (55.665):


Resistance: 56.159-56.305 / 56.719
Support: 55.233 / 54.431

Our View: As of ow it seems that USDINR may fall to see support near 54.431 after finding some good support near 55.233.

Over all: In coming week USDINR has good support near 55.233 level and if it holds(less probable) then the pair mey rise to see 56.159.

However on the downside, a significant break below 55.233 level may take the pair to find ground near 54.431 level.

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