TECHNICAL Impact USD INR (NOV– Expiry)

TECHNICAL Impact
USD INR (NOV– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 54.4000 with a SL 54.5500 possible targets of 54.1500/54.0500/53.9000.
EUR INR (NOV – Expiry)

Euro might fall further as technically looking weak.
Sell below 70.3500 with a SL 70.4500 possible targets of 70.2000/70.1075/70.0100.
OR

Buy above 70.4500 with a SL 70.3500 possible targets of 70.6000/70.7000/70.8200.
Currency Headlines

Asian currencies advance on Chinese economic optimism.
Asian currencies have got the support of the strengthening Chinese economy which has given support to the demand of the Asian assets. Chinese exports have picked up pace which is indicating recovery in Asian economies. The won appreciated 1.9 percent this month to 1,090.63. The Philippine peso climbed 1.2 percent to 41.215, China’s yuan rose 0.7 percent to 6.2434 and Malaysia’s ringgit advanced 0.3 percent to 3.0525. Thailand’s baht and Taiwan’s dollar appreciated 0.4 percent this month to 30.69 per dollar and NT$29.229, respectively. Indonesia’s rupiah slid 0.5 percent to 9,635, falling for a ninth straight month in the longest losing streak in at least two decades. Vietnam’s dong rose 0.2 percent to 20,845.

key TECHNICAL LEVELS Currency Expiry LTP S – 1 S – 2 R -1 R -2 USDINR 27-Nov 54.3475 54.4000 54.1500 54.0500 53.9000 54.5500 54.7500 54.8500 54.9900

 EURINR 27-Nov70.3800/70.3500/70.2000/70.1075/70.0100/70.4500/70.6000/70.7000/70.8200

RBI REFERENCE RATE (30-10-12) CURRENCY US$ GB£ €URO ¥EN RATE 54.1650 86.8319 69.8495 68.2200

NIFTY STRATEGY FOR NOV SERIES: 29 oct 2012

NIFTY STRATEGY FOR NOV SERIES:

EITHER:

BUY 5900 CALL AT 23 AND 5500 PUT AT 29 WITH NO STOP LOSS OR WITH SL OF 15.

MAX LOSS: 3700 OR 5200

PROFIT: UNLIMITED

(HIGH RISK BEARERS CAN PLAY WITHOUT SL AS WELL)

OR

BUY 5800 CALL AT 50 AND 5600 PUT AT 52 WITH SL 45/50

MAX LOSS: 5200/5700

MAX PROFIT: UNLIMITED

(HIGH RISK BEARERS CAN PLAY WITHOUT SL AS WELL)

IN FUTURES.....PLAY ON RANGE BREAK: 5625/30--5730/55 (SPOT)

***ALL THESE ARE BASED ON ONE LOT EACH STRATEGIES...PLAY WITH MULTIPLES AS PER YOUR RISK APPETITE. 

Kopran ------->09 oct 2012

Buy Kopran at cmp. Now maintain SL of 20.5

Nifty view ------ 09 oct 2012

NIFTY SUPP 5700-5670 RESIS 5777-5800


NIFTY OPEN 5720-5730       >>>> SHORT TERM CALL

IVRCL ------9 oct 2012

Momentum trade: Buy IVRCL @ 47.6 and at dips to 47. TGTs: 48.4-49-50. SL: 46.75

VENKYS---call update --of 25 th september

VENKYS >> 604...ONE FIREEEE...BOOK PROFITS HERE...RE-ENTER AFTER CORRECTIVE ACTION / CORRECTIVE DIP

28 sept 2012 call update of optocircuit

OPTO CIRCUIT >> 135. 6% UP..NOW AT MINOR RES: 135.5/136. BOOK 50%. CARRY REMAINING WITH TRAILING STOPS

STER TECH------>3 OCT 2012 WITH CHART

Stock chart suggests that stock has broken out of crucial channel resistance by forming almost tripple bottom at 27/27.5 levels.

Now it is likely to test MA band near 33-35 levels. Before any fresh action stock may either go for retesting its broken line or consolidate near MA band. 

Buy this stock only after corrective action/retesting dip (SL: just below 27) OR breakout above 35 (SL: below 33). We can see 38 in immediate terms and 45/46 levels in short term.

For any major action:

Upward: Must sustain 27/27.5 and move above 45/46 on closing basis.

Downward: break below 27 on closing basis

Inside range hurdle marks: 35 & 38

 

 

 

 

NIFTY VIEW---->3 OCT 2012

NIFTY VIEW --------->
Crossover below 5744 may slide up to 5733-5728.

.

Braek below 5722  and if sustains below which

may drag even lower  to 5713-5704.

.

5700-5682 strong support zone.

.

If trades above 5764 then see NF moving up to 5774-5797.

.

3 Daily + Weekly closing for NIFty Future above 5770 See blast and Nifty

moving higher up to 5863-5935-5988.

.

opto circuit ----28 september 2012

View on Chart: Stock chart suggests that stock has probably made a higher bottom (if we assume that 115 as the bottom) OR its been in a process of forming Bearish Flag. At this point, if it manages to hold 126-27 levels on closing basis, then, it can move towards 141 or even towards 145/50 levels as well (If breaches 141 on closing basis). Exit longs on a move and close below 126-27 support. In case of a negation scenario, stock can tank towards 120 or even upto 115 (recent low).

MAJOR MOVE TO TAKE PLACE ONLY BEYOND THIS RANGE: 115--165