Weekly View:For 05 NOV 2012, Mon-11 Nov 2012, Sun

S&P CNX NSE NIFTY(5736):

 Resistance: 5760-5784 / 5902
Support: 5701 / 5628 / 5577

Our View: As of now it seems that the NIFTY may rise to test the resistance band between 5760-5784.

Over all: In coming week, the NIFTY has good resistance within the band between 5760-5784 and a significant breakout above which may target 5902 level.

On the downside, the NIFTY has support near 5701 level and a significant break below which may take the NIFTY to test support near 5577 level after finding some interim support near 5628 level.

USD INR(53.821):

 Resistance: 54.001 / 54.308-54.444 / 54.721
Support: 53.452 / 52.868-52.709

Our View: As of now it seems that the pair may fall to test support near 53.452 level.

Over all: In coming week, the USDINR has good resistance near 54.001 level, however, a significant break above which may target 54.986 level after finding interim resistance within the between 54.308-54.444 levels.

On the downside, the pair has good support near 53.452 level and the pair may see 52.868-52.709 levels if it breaks below 53.452 level significantly.


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