Weekly View:For 19 NOV 2012, Mon-25 Nov 2012, Sun


S&P CNX NSE NIFTY 50 (5566):

 Resistance: 5602-5639 / 5759 / 5800
Support:5541 / 5495 / 5442-5420

Our View: As of now it seems that the NIFTY may continue its fall  and see 5442-5420 levels.

Over all: In coming week, the NIFTY has good resistance within the band 5602-5639 levels and a break out above which (not expected) may target 5759 level.

On the downside, the NIFTY has immediate resistance near 5541 level which is very crucial level and a significant dip below which may drag down the NIFTY towards 5442-5420 levels after finding some support near 5495 level.

USD INR (55.159):

 Resistance: 55.677 / 55.937-56.058
Support: 55.093 / 54.724 / 54.180 

Our view: AS of now it seems that the USDINR may rise to see 55.677 level.

Over all: In coming week, the pair has good support near 55.093 level and a significant dip below which may drag the pair to test support near 54.724 level.

On the upside, the pair has good resistance near 55.677 level and a significant break above which may take the pair to test resistance within the band between 55.937-56.058  levels.

Comments

Post a Comment

Popular posts from this blog

How To Save Tax up to Rs. 12,00,000 (12 Lakhs) , India

The Budget has made no significant change for Tax Rates for Individuals. The Individuals who earn income of Less than 5 Lakhs rupees will get Rs 5000/- as Tax rebate under section 87A. There is increase insurcharge on income tax levied on individuals earning income of Rs 1 crore or more from 12 per cent at present to 15 per cent. This move is aimed at taxing the rich. The Middle Class always pay effective more tax including indirect taxes and have to plan their retirement and savings at the same time save on overall tax outgo. The Article gives you brief idea on how to save tax and at the same time make proper investment and cover insurance and Medical expenses risk. 1.Investment in 80C for Purpose of taking full benefit of 1,50,000 Deduction under 80C is related to deduction that an individual can deduct from his gross taxable income in order to reduce his tax liability by investing in specified investment. It is applicable to individuals and HUF. An assessee can get deduction under
Read more