Friday, 13 July 2012

Market View







For the week Nifty likely to take support around 5210 & 5190 if it breaks than further fall upto 5140 & 5080. Positive strength will come only above 5280 & 5325. Major event to watch on : 
16 July 2012 - Inflation Figures.
19 July 2012 -  President election. 


USDINR OUTLOOK CMP @ 55.41 NEXT SUPPORT AT 55.17 - 55.05 - 54.97 - 54.70 AND THE RESISTANCE AT 55.56 - 55.65 & 55.85 . TODAY IF USDINR CLOSE BELOW 55.45 THAN SELLING LIKELY TO CONTINUE IN USDINR AND CAN HIT THE TARGET OF 55.05 AND THAN FURTHER LOWER TARGETS IN NEXT WEEK.






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