Weekly View:For 15 Oct 2012, Mon-21 Oct 2012, Sun


S&P CNX NIFTY50 Future (5688.00):

 Resistance: 5702 / 5801 / 5861
Support: 5630 / 5595 / 5543

Our View: As of now it seems that the NIFTY may see 5595 level.

Over all: In coming week, the NIFTY has good resistance near 5702 level(expected to hold), however, a significant breakout above which may target 5801 level.

On the downside, the NIFTY has support near 5630 level and a significant break below which may drag the NIFTY to find support near 5595 level. A further extension of this fall toward 5543 level is likely if downside momentum builds.

USDINR Future (52.900):

 Resistance: 53.282 / 53.656 / 53.956
Support: 52.719 / 52.300 / 51.764

Our view: As of now it seems that the USDINR may rise to see 53.956 level.

Over all: In coming week, the USDINR has good support near (expected to hold), however, a significant break out below which may find support near 52.300 level.

On the upside, the pair has good resistance near 53.282 level and a significant break above which may take the pair to see 53.956 level after finding some resistance near 53.656 level.

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