usd inr buy call sl hit of 12 paise exit from buy call
sell again below 54.55 tgt 54.45/35/27 sl 54.60
sell again below 54.55 tgt 54.45/35/27 sl 54.60
WELCOME
Thursday, 6 December 2012
morning call update usdinr/albk/dlf ----->6 dec 2012
usdinr call given @54.71 all tgt done till 54.30
albk call given @ 155.80 made high 160++
dlf call given 222 made high 228++
GBP /bank nifty/ silver/gold call given only to subscriber
GBP profit 20paisa /bank nifty 100 rs/gold 52 rs/silver 108 rs profit...............
albk call given @ 155.80 made high 160++
dlf call given 222 made high 228++
GBP /bank nifty/ silver/gold call given only to subscriber
GBP profit 20paisa /bank nifty 100 rs/gold 52 rs/silver 108 rs profit...............
TECHNICAL Impact-------->6 dec 2012
TECHNICAL Impact
USD INR (DEC– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6700 with a SL 54.5500 possible targets of 54.9000/55.1000/55.2000.
EUR INR (DEC – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.2800 with a SL 71.3800 possible targets of 71.1675/71.0600/70.9425.
OR
Buy above 71.3800 with a SL 71.2800 possible targets of 71.5000/71.6075/71.7000.
Currency Headlines
Euro falls against major peers on Economic slowdown.
Euro falls from seven week high levels as the European Union economies have shown the sign of weakness which has increased the resistance on their currency. European Union economic indicators have indicating inherent weakness in their economy. The shared currency slid 0.1 percent to $1.3053 from yesterday, when it touched $1.3127, the highest since Oct. 18. The euro was little changed at 107.74 yen after earlier dropping as much as 0.3 percent. The yen lost 0.1 percent to 82.55 per dollar, after weakening 0.7 percent to 82.47 yesterday. New Zealand’s dollar rose 0.1 percent to 82.92 U.S. cents, extending a 1 percent, three-day gain. The so-called kiwi climbed 0.2 percent to 68.46 yen, after touching 68.52, the strongest since March 27.
USD INR (DEC– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 54.6700 with a SL 54.5500 possible targets of 54.9000/55.1000/55.2000.
EUR INR (DEC – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.2800 with a SL 71.3800 possible targets of 71.1675/71.0600/70.9425.
OR
Buy above 71.3800 with a SL 71.2800 possible targets of 71.5000/71.6075/71.7000.
Currency Headlines
Euro falls against major peers on Economic slowdown.
Euro falls from seven week high levels as the European Union economies have shown the sign of weakness which has increased the resistance on their currency. European Union economic indicators have indicating inherent weakness in their economy. The shared currency slid 0.1 percent to $1.3053 from yesterday, when it touched $1.3127, the highest since Oct. 18. The euro was little changed at 107.74 yen after earlier dropping as much as 0.3 percent. The yen lost 0.1 percent to 82.55 per dollar, after weakening 0.7 percent to 82.47 yesterday. New Zealand’s dollar rose 0.1 percent to 82.92 U.S. cents, extending a 1 percent, three-day gain. The so-called kiwi climbed 0.2 percent to 68.46 yen, after touching 68.52, the strongest since March 27.
currency call update---6 dec 2012
currency call of usdinr target achieved cmp 54.57 book full profit call given @54.73 around.
and
Buy around 54.6700 with a SL 54.5500 possible targets of 54.9000/55.1000/55.2000.
and
Buy around 54.6700 with a SL 54.5500 possible targets of 54.9000/55.1000/55.2000.
ALBK call with chart--->6 dec 2012
Prices today have given breakout above the Neckline level 151, of Inverted Head & Shoulder Pattern with
Upward target of 37points from such breakout zone. Today’s breakout is accompanied by good volumes
as well as above 200DMA zone of 151 level. Price movement today looks strong. Now enter on
retracements near support zone mentioned below.
BUY till above 151/2 level with Stop below its previous Support zone, mentioned. Book Profit near
resistance zones.
CMP – 155.7.
RESISTANCE --– 157, 160, 165 SUPPORT – 153, 151, 148
DLF call with chart---->6 dec 2012
DLF----->see here double bottom and Neckline! and source pettern also !
This script recently have showed a lot of strength as it has sharply risen from 197 to 217 level in less than
two weeks, trading way above 200DMA level too. Today prices have given breakout above 218 level
which is also the neckline level of Double Bottom Pattern with upward target of 20points from such
neckline level. Now enter on retracements near the breakout zone of 218 levels.
BUY till above 220 Level with Stop below the Support Levels, mentioned below. Book Profit near
resistance zones mentioned, below.
CMP 222. -->RESISTANCE - 224, 226, 233 SUPPORT – 220, 217, 214
This script recently have showed a lot of strength as it has sharply risen from 197 to 217 level in less than
two weeks, trading way above 200DMA level too. Today prices have given breakout above 218 level
which is also the neckline level of Double Bottom Pattern with upward target of 20points from such
neckline level. Now enter on retracements near the breakout zone of 218 levels.
BUY till above 220 Level with Stop below the Support Levels, mentioned below. Book Profit near
resistance zones mentioned, below.
CMP 222. -->RESISTANCE - 224, 226, 233 SUPPORT – 220, 217, 214
Derivatives view & havells ----6 dec 2012
Nifty futures opened positive and traded in a narrow range of 30 points throughout the session, and finally closed up by 0.44% at 5949.
Overall breadth was positive as there were 102 advances vs. 56 declines in F&O segment.
Further bullish movement can be seen in market. Supports for nifty futures lies at 5920 and 5865.
Among other major sectoral indices, Banknifty future closed with gains of 0.86% while CNX IT futures have closed with loss of 1.28%.
Among Nifty heavy weight stocks Infy has witnessed short build-up in trade today.
Put Call Ratio ( Volume ) is at 0.72.
Technology sector closed in red, short build up is witnessed in sector stocks like Finantech, Hcltech, Infy, Mphasis, Techm and Wipro.
FII F&O Trade Statistics (in Rs cr.) for 4-Dec-2012
Index Futures Stock Futures Index Options Stock Options
-309 -151 -497 -74
HAVELLS : The stock seems to have given breakout after consolidation. Buy December future is recommended in range 596-598 for target of 632 and stop loss of 585
Overall breadth was positive as there were 102 advances vs. 56 declines in F&O segment.
Further bullish movement can be seen in market. Supports for nifty futures lies at 5920 and 5865.
Among other major sectoral indices, Banknifty future closed with gains of 0.86% while CNX IT futures have closed with loss of 1.28%.
Among Nifty heavy weight stocks Infy has witnessed short build-up in trade today.
Put Call Ratio ( Volume ) is at 0.72.
Technology sector closed in red, short build up is witnessed in sector stocks like Finantech, Hcltech, Infy, Mphasis, Techm and Wipro.
FII F&O Trade Statistics (in Rs cr.) for 4-Dec-2012
Index Futures Stock Futures Index Options Stock Options
-309 -151 -497 -74
HAVELLS : The stock seems to have given breakout after consolidation. Buy December future is recommended in range 596-598 for target of 632 and stop loss of 585
Market Commentary--------6 dec 2012
Market Commentary
Crude oil falls on rising U.S gasoline inventories.
Crude is hovering near one week low as the U.S gasoline inventories have increased which has increased the pressure on crude oil prices. U.S gasoline inventories are hovering near eleven years high levels which have increased the pressure on fuel markets. Energy Department said gasoline stockpiles rose 7.86 million barrels last week, the most since Sept. 21, 2001. However U.S crude oil inventories are on lower side which is the only bullish factor for red metal prices. Crude for January delivery was at $87.73 a barrel, down 15 cents, in electronic trading on the New York Mercantile Exchange. Prices fell 62 cents yesterday to close at $87.88 a barrel, the lowest since Nov. 28. Futures have dropped 11 percent this year. Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $108.73 a barrel, down 8 cents, after sliding $1.03 yesterday. The European benchmark crude was at a premium of $21 to New York-traded WTI. It closed at $20.93 yesterday, the narrowest gap since Nov. 2.
Gold falls on strengthening dollar.
Gold is trading near one month low as the demand of the safe haven assets have started receding due to strengthening U.S dollar. Gold twelve year bull phase is expected to end as the major markets players are predicting so which might be a bear phase initiation in gold. However gold ETF investment is still near record high levels which are the only bullish factor for gold prices. Holdings in ETPs climbed to 2,627.59 metric tons yesterday. Spot gold was at $1,692.70 after falling to $1,684.93 yesterday, the least expensive since Nov. 6. Gold for December delivery gained as much as 0.2 percent to $1,697.80 an ounce on the Comex in New York, before trading at $1,696.30. The contract slipped to $1,686 yesterday, also the lowest level since Nov. 6. Cash silver fell for a third day, losing 0.2 percent to $32.8038 an ounce.
Copper is steady on U.S budget approval talks.
Copper is maintaining it weekly high levels as the U.S budget talks may be the crucial factor for copper’s either side movement. U.S fiscal cliff talks are another major event for the industrial metal demand which might decide the fate of the red metal prices. However Chinese demand is still high which might support the demand of the red metal in near future. Three-month copper on the London Metal Exchange was little changed at $8,027 a tonne, after rising to a six-week high of $8,068 in the previous session. The most-traded March copper contract on the Shanghai Futures Exchange inched up 0.3 percent to 57,520 yuan ($9,200) a tonne.
Crude oil falls on rising U.S gasoline inventories.
Crude is hovering near one week low as the U.S gasoline inventories have increased which has increased the pressure on crude oil prices. U.S gasoline inventories are hovering near eleven years high levels which have increased the pressure on fuel markets. Energy Department said gasoline stockpiles rose 7.86 million barrels last week, the most since Sept. 21, 2001. However U.S crude oil inventories are on lower side which is the only bullish factor for red metal prices. Crude for January delivery was at $87.73 a barrel, down 15 cents, in electronic trading on the New York Mercantile Exchange. Prices fell 62 cents yesterday to close at $87.88 a barrel, the lowest since Nov. 28. Futures have dropped 11 percent this year. Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $108.73 a barrel, down 8 cents, after sliding $1.03 yesterday. The European benchmark crude was at a premium of $21 to New York-traded WTI. It closed at $20.93 yesterday, the narrowest gap since Nov. 2.
Gold falls on strengthening dollar.
Gold is trading near one month low as the demand of the safe haven assets have started receding due to strengthening U.S dollar. Gold twelve year bull phase is expected to end as the major markets players are predicting so which might be a bear phase initiation in gold. However gold ETF investment is still near record high levels which are the only bullish factor for gold prices. Holdings in ETPs climbed to 2,627.59 metric tons yesterday. Spot gold was at $1,692.70 after falling to $1,684.93 yesterday, the least expensive since Nov. 6. Gold for December delivery gained as much as 0.2 percent to $1,697.80 an ounce on the Comex in New York, before trading at $1,696.30. The contract slipped to $1,686 yesterday, also the lowest level since Nov. 6. Cash silver fell for a third day, losing 0.2 percent to $32.8038 an ounce.
Copper is steady on U.S budget approval talks.
Copper is maintaining it weekly high levels as the U.S budget talks may be the crucial factor for copper’s either side movement. U.S fiscal cliff talks are another major event for the industrial metal demand which might decide the fate of the red metal prices. However Chinese demand is still high which might support the demand of the red metal in near future. Three-month copper on the London Metal Exchange was little changed at $8,027 a tonne, after rising to a six-week high of $8,068 in the previous session. The most-traded March copper contract on the Shanghai Futures Exchange inched up 0.3 percent to 57,520 yuan ($9,200) a tonne.
Currency Headlines------6 dec 2012
Currency Headlines
Pound recovers on U.S economic uncertainty.
Pound is hovering in bullish territory as the U.S economic uncertainty has given support to the demand of GBP for hedging purpose. U.S fiscal cliff and uncertainty on budget approval has increased the pressure on US dollar. The BCC lowered its 2013 growth forecast to 1 percent from 1.2 percent in September and its 2014 projection to 1.8 percent from 2.2 percent, the London-based group said in a report. The pound rose 0.2 percent to $1.6117 after advancing to $1.6130, the strongest since Nov. 2. Sterling was little changed at 81.10 pence per euro. It depreciated to 81.33 pence on Nov. 30, the weakest level since Oct. 24.
Euro steady on EU optimism on Greece Economy.
Euro is still maintaining its recent high as the European Union finance ministers have confidence on Greece economy as it will pull off a successful bond buyback which has given support to their economy. Greece began the 10 billion-euro ($13 billion) repurchase of bonds maturing from 2023 to 2042, offering a higher-than-planned price in order to increase demand for the debt-reduction measure. The euro fetched $1.3056 from $1.3054 yesterday, when it touched $1.3076, the most since Oct. 23. The shared currency was little changed at 107.30 yen from yesterday, having risen 1 percent in the past three sessions. The U.S. currency slid 0.1 percent to 82.19 yen. The so-called Aussie traded at $1.0425 from $1.0421, after having fallen 0.5 percent in the past three days.
Pound recovers on U.S economic uncertainty.
Pound is hovering in bullish territory as the U.S economic uncertainty has given support to the demand of GBP for hedging purpose. U.S fiscal cliff and uncertainty on budget approval has increased the pressure on US dollar. The BCC lowered its 2013 growth forecast to 1 percent from 1.2 percent in September and its 2014 projection to 1.8 percent from 2.2 percent, the London-based group said in a report. The pound rose 0.2 percent to $1.6117 after advancing to $1.6130, the strongest since Nov. 2. Sterling was little changed at 81.10 pence per euro. It depreciated to 81.33 pence on Nov. 30, the weakest level since Oct. 24.
Euro steady on EU optimism on Greece Economy.
Euro is still maintaining its recent high as the European Union finance ministers have confidence on Greece economy as it will pull off a successful bond buyback which has given support to their economy. Greece began the 10 billion-euro ($13 billion) repurchase of bonds maturing from 2023 to 2042, offering a higher-than-planned price in order to increase demand for the debt-reduction measure. The euro fetched $1.3056 from $1.3054 yesterday, when it touched $1.3076, the most since Oct. 23. The shared currency was little changed at 107.30 yen from yesterday, having risen 1 percent in the past three sessions. The U.S. currency slid 0.1 percent to 82.19 yen. The so-called Aussie traded at $1.0425 from $1.0421, after having fallen 0.5 percent in the past three days.
currency update--6 dec 2012
TECHNICAL INSIGHT USD INR (DEC – Expiry)
US dollar looking weak on charts, hence selling is recommended.
Sell below 54.7100 with a SL 54.8100 possible targets of
54.6000/54.4500/54.3000.
EUR INR (DEC – Expiry)
Euro is technically weak, hence selling is recommended.
Sell below 71.5700 with a SL of 71.6700 for possible targets of 71.4500/71.3000/71.2075.
JPY INR (DEC – Expiry)
Yen looking strong on charts, hence buying is recommended.
Buy above 66.6000 with SL of 66.5000 with possible targets of 66.7000/66.8000/67.9075
. GBP INR (DEC – Expiry)
Pound is looking strong hence buying is recommended.
Buy above 88.2025 with a SL of 88.1000 targets would be 88.3575/88.4500/88.5700.
US dollar looking weak on charts, hence selling is recommended.
Sell below 54.7100 with a SL 54.8100 possible targets of
54.6000/54.4500/54.3000.
EUR INR (DEC – Expiry)
Euro is technically weak, hence selling is recommended.
Sell below 71.5700 with a SL of 71.6700 for possible targets of 71.4500/71.3000/71.2075.
JPY INR (DEC – Expiry)
Yen looking strong on charts, hence buying is recommended.
Buy above 66.6000 with SL of 66.5000 with possible targets of 66.7000/66.8000/67.9075
. GBP INR (DEC – Expiry)
Pound is looking strong hence buying is recommended.
Buy above 88.2025 with a SL of 88.1000 targets would be 88.3575/88.4500/88.5700.
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