Weekly View:For 17 Dec 2012, Mon-23 Dec 2012, Sun


Technical analysis is based on the data of meta trader platform for respective instrument and we cannot guarantee for the accuracy of data. Please, adjust resistance and support levels on closing value basis.

S&P CNX NSE NIFTY 50 (5914):

 Resistance: 5929-5943 / 5972-5992 / 6062-6077 
Support: 5888-5866 / 5794-5780 / 5711

Our View: As of now it seems that the NIFTY may fall to test support within the band between 5794-5780 levels.

Over all: In coming week, the NIFTY has good resistance within the band between 5929-5943 levels and a significant breakout above which (not expected) may take the NIFTY to test another resistance within the band between 5972-5992 levels.

On the downside, the NIFTY has good support within the band between 5888-5866 levels and a significant dip below which may drag the nifty to test another support band between 5794-5780 levels.

USDINR (54.459):

 Resistance: 54.766 / 55.303 / 56.021
Support: 54.388 / 54.140 / 53.503

Our View: As of now it seems that the USDINR may rise to see 55.303 level.

Over all: In coming week, the USDINR has mild resistance near 54.766 level and a significant breakout above which may target 55.303 level.

On the downside, the pair has good support within the band between 54.388-54.140 levels and a significant dip below which (not expected) may take the pair to see 53.503 level.

Comments

  1. Clara MellorDecember 15, 2017 at 2:50 PM

    Equity benchmarks remained strong but came off early highs. Investors await the outcome of Gujarat and Himachal Pradesh elections due on December 18, though exit polls announced on Thursday indicated BJP win in both states.
    CapitalStars

    ReplyDelete

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