Weekly View:For 08 Oct 2012, Mon-13 Oct 2012, Sun


S&P CNX NIFTY 50 future (5774.20):

Resistance 5793 / 5851 / 5913
Support: 5723 / 5650 / 5585 

Our view: As of now it seems that the NIFTY may fall to see 5585 level.

Over all: In coming week, the NIFTY has good resistance near 5793 level and is expected to hold, however a significant break out above which may target 5851 level.

On the downside, the NIFTY may fall to test support near 5723 level and a significant break below which may target 5650 level. A further extension of this fall to 5585 level is likely to occur if momentum builds.

USDINR future (52.060):

 Resistance: 52.335 / 52.763 / 53.207
Support: 51.514 / 50.692 / 50.119

Our view: As of now it seems that the USDINR may rise to see 52.763 level.

Over all: In coming week, the USDINR has good support near 52.514 level but a significant break below which may take the pair to test support near 50.692 level.

however, on the upside, the pair has resistance near 52.335 level, and a significant break above which (expected) may take the pair to test another resistance near 52.763 level.

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