COMMODITIES VIEW

SMALL INVESTMENT HUGE PROFIT

Buy Nifty 5600 CE @ 59 With SL at 44. TGT: 74-88

This call for those who can ready to bear loss of 800 per lot

Nifty Future view

Nifty Future

Yesterday boldly written that below 5638

Nifty future would lower up to 5590

Nifty fut made low at 5583.30.

Market Directions for Today……..

Intraday support at 5585.

if Break below may take NIFTY lower up to 5566-5575.

Crucial Support at 5565-5556.

If holds these support then pullback

up to 5600-5625 not ruled out.

But decisive breach below 5558

see slide up to 5538-5518.

Major Hurdle at 5690-5710.

TECHNICAL VIEW

USD INR (APR– Expiry)

US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 55.1200 with a SL 55.2700 possible targets of 54.8500/54.7000/54.5500.

EUR INR (APR – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.1300 with a SL 71.2300 possible targets of 71.0175/70.9025/70.7800.
OR
Buy above 71.2300 with a SL 71.1300 possible targets of 71.3500/71.4700/71.5900.

Currency Headlines
Australian and New Zealand dollar advances on BOJ monetary easing.
Australian & New Zealand dollar is hovering near four year high on Bank of Japan’s further monetary easing program. The Australian dollar declined 0.2 percent to 100.36 yen as of 4:26 p.m. in Sydney after touching 101.13, the highest since August 2008. The kiwi fell 0.2 percent to 80.99 yen, after reaching 81.61, the strongest since July 2008. The Aussie slipped 0.2 percent to $1.0419 and is little changed this week. The New Zealand dollar slid 0.2 percent to 84.09 U.S. cents and has gained 0.5 percent since March 29.