Weekly View:For 18 Jun 2012, Mon-23 Jun 2012, Sat


S&P CNX NIFTY Future (5141.00):

Resistance: 5181 / 5228 / 5267
Support: 5103 / 5075 / 5003

Our view: As of now it seems that the Nifty may continue its rise after testing support near 5103 ( a crucial support level to be watched out).

Over All: In coming week. the Nifty has two crucial levels to be watched out, one as a support near 5103 level and another as resistance near 5181 level.A significant break below 5103 level ( not ecxpected) may target 5075 level and a fall below this is not expected.

However, On the upside, the Nifty has crucial reistance near 5181 level and a significant breakout above which may target 5267 level after finding some resistance near 5228 level.

USDINR Future(55.605):

Resistance: 55.647-55.867 / 56.744
Support: 55.110 / 54.892 / 54.380

Our view; As of now it seems that USDINR may fall to see 54.892 level and this fall could extend to 54.380 level., if momentum builds.

Over all: In coming week, USDINR has support near 55.111 level and a significant breakout below this level may find ground near 54.892 level. This fall may extend to 54.308, if the pair gives significant break below 54.892 level.

However on the upside, the pair has good resistance within the band between 55.647-55.867 levels an a break out above (seems not possible) may target 56.744 level.

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