currency weekly update---10 dec 2012

Currency Weekly 

U.S government is showing hope of recovery as the U.S. employers added more jobs than forecast last month and the unemployment rate dropped to an almost four-year low which might increase the demand of dollar. European Central Bank is indicating weakness is their economy might persist which is a bullish factor for U.S dollar. Indian government might come up with huge reforms in coming years as this year budget would be the last before 2014 elections which might support the Indian capital markets. However Indian GDP and industrial manufacturing figures are in bad shape which can increase the pressure on their currency.

1st Week, November 2012

03 Dec: Close 55.18 – U.S manufacturing has shown weakness which was reflected on their currency as well.

04 Dec: Close 55.14 – The FDI voting in retail sector was a key support to the Indian currency.

05 Dec: Close 55.02 – Indian government got the parliamentary approval of FDI in retail sector which has given support to Indian currency.

06 Dec: Close 54.55 – FDI approval in Indian retail sector was too much for the market to rally despite of improving US employment figures.

07 Dec: Close 54.97 – Improvement in the U.S job markets farm and non - farm which has given support to their currency.

2nd Week, December 2012

10 Dec: Indian markets will remain in bullish trend in the coming year hence going short in USDINR on rise can be the strategy for the coming year.....

11 Dec: U.S fiscal cliff will remain a major problem for the government which can transfer weakness to their currency as well. USDINR is expected to break the level of 54…….

12 Dec: 12 and 13 December can be the volatility day of the month as U.S and India will come out with major events hence buy OTM call and put can be the strategy of the week.......

13 Dec: India is coming out with Industrial figures. FOMC meet and budget balance can be the market driver .....

14 Dec: India will be showing its inflation figures which are expected to fall. However USDINR will is expected to hover in 53.50-54.50 range.......Currency Weekly

usdinr morning call update-7 dec 2012

our call of usdinr all target achieved in intraday only and made high 54.75++

currency view 7 dec 2012

TECHNICAL INSIGHT USD INR (DEC – Expiry)
US dollar looking strong on charts, hence buying is recommended.
Buy above 54.3500 with a SL 54.2500 possible targets of 54.4500/54.6000/54.7100.

EUR INR (DEC – Expiry)
Euro is technically weak, hence selling is recommended.
Sell below 70.9000 with a SL of 70.9900 for possible targets of 70.7800/70.6875/70.5600.

JPY INR (DEC – Expiry)
Yen looking strong on charts, hence buying is recommended.
Buy above 65.9200 with SL of 65.8000 with possible targets of 66.0600/66.1250/66.2300.

 GBP INR (DEC – Expiry)
Pound is looking strong hence buying is recommended.
Buy above 87.5525 with a SL of 87.4500 targets would be 87.6775/87.8000/87.9700.

usd inr buy call update--->6 dec 2012

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

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...............

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.

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.    

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