nifty update 24 dec 2012

NIFTY FUTURE HAVE GOOD SUPPORT 5830-5846
TRADERS CAN THINK FOR THIS LEVEL.

SUPPOSE TO NOT BREAK 5830 BEFORE 1 O'CLOCK...THEN NIFTY FUTURE CAN FIRE 5880-5898 AND 5930

THEREFORE, HEAVY POSSIBILITY TO 5838 AROUND AS MENTION IN CHART OF PAST UPDATED

INTRADAY USDINR--->24 DEC 2012

IF DOLLER SUSTAIN ABOVE 55.15 AND CROSS 55.17 THEN GO FOR BUY TGT 55.26/45/55/67 SL 55
AS MARKET LOOKING VERY CHOPPY SO DO TRADE AS PER WITH CHART IDEA

AND IN EVERY TRADE STOP LOSS IS MUST  !!!!!! IF YOU WANT TO TRADE LONG
TIME IN THE MARKET ELSE NO CAPITAL NO TRADE .....!!!!!!

CURRENCY TECHNICAL CALL-->24 DEC 2012

TECHNICAL INSIGHT     

USD INR (DEC – Expiry)

USDINR is towards strong resistance zone, also the pair has
support on downside. Thus giving opportunity from both sides.
Buy near 54.81 SL 54.65 for possible TGT of 55.05/55.17/55.34
                                      OR
 Sell near 55.45 SL 55.60 for possible TGT of
 55.17/55.05/54.81

EUR INR (DEC – Expiry)
Euro has covered too much up move, in too little time. There are
chances of the pair correcting down from higher levels.
Sell near 73.09 SL 73.20 possible TGT 72.85/72.67/72.54

GBP INR (DEC – Expiry)
Pound can also face selling pressure from higher levels after too
sharp spike up. Can be Sold from higher levels.
Sell near 89.55 SL 89.67 possible TGT 89.41/89.29/88.95

JPY INR (DEC – Expiry)
Yen is getting support at lower levels. The pair often opens “Gap
down” and then recovers during the day. It can be bought at lower
levels.
Take Intraday Call, after watching USDINR movement
during 1
st
hour of the trade.