BUY NEAR 388/399 EXPECTED TARGET 410/422/431 SL 380
G
G
WELCOME
Thursday, 14 February 2013
TECHNICAL ON CURRENCY
TECHNICAL Impact
USD INR (FEB– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 53.9500 with a SL 53.8000 possible targets of 54.1200/54.2500/54.4000.
EUR INR (FEB – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.4325 with a SL 72.5300 possible targets of 72.3025/72.1800/72.0700.
OR
Buy above 72.5300 with a SL 72.4325 possible targets of 72.7025/72.8025/72.9000.
Currency Headlines
Won advances on benchmark interest rates remain unchanged.
South Korean won advances as the Central Bank keeps the interest rates unchanged which has given support to their currency. Bank of Korea kept the seven-day repurchase rate at 2.75 percent which has given support to their currency. The won gained 0.2 percent to 1,084.80 per dollar. It earlier rose as high as 1,084.27, near the strongest level since Feb. 6. One-month implied volatility for the won, a measure of expected moves in exchange rates used to price options, fell 10 basis points, or 0.1 percentage point, to 7.55 percent. Three-year government bonds dropped for a second day. The yield on South Korea’s 2.75 percent notes due December 2015 rose two basis points to 2.75 percent.
USD INR (FEB– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD.
Buy around 53.9500 with a SL 53.8000 possible targets of 54.1200/54.2500/54.4000.
EUR INR (FEB – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.4325 with a SL 72.5300 possible targets of 72.3025/72.1800/72.0700.
OR
Buy above 72.5300 with a SL 72.4325 possible targets of 72.7025/72.8025/72.9000.
Currency Headlines
Won advances on benchmark interest rates remain unchanged.
South Korean won advances as the Central Bank keeps the interest rates unchanged which has given support to their currency. Bank of Korea kept the seven-day repurchase rate at 2.75 percent which has given support to their currency. The won gained 0.2 percent to 1,084.80 per dollar. It earlier rose as high as 1,084.27, near the strongest level since Feb. 6. One-month implied volatility for the won, a measure of expected moves in exchange rates used to price options, fell 10 basis points, or 0.1 percentage point, to 7.55 percent. Three-year government bonds dropped for a second day. The yield on South Korea’s 2.75 percent notes due December 2015 rose two basis points to 2.75 percent.
Wednesday, 13 February 2013
Nifty Future
Nifty Future
THOUGHT FOR TODAY
——————————
Patience
Patience teaches you not to push, but rather to wait and appreciate the game of life, knowing that nothing remains the same and everything will change at some point.
——————————
Patience
Patience teaches you not to push, but rather to wait and appreciate the game of life, knowing that nothing remains the same and everything will change at some point.
.
.
Nifty Future
(Updated on 13-02-2013 at 07.40 AM)
.
Yesterday boldly written that Nifty fut is likely to
form low for short term trend close to 5900 which
seems good psychological support.
.
Just see it made low at 5903 and formed high at 5947.25
close to our written level i.e 5950.
.
Now for Today…….
.
Intraday support at 5930-5924.
.
Crossover 5947 may take NF up to 5958-5965.
.
Hurdle at 5965-5975.
.
If trades above 5970-5975 with decisive vol and sustained
price then get ready to see leap up to 5995-6013.
.
Break below 5924 may drag up to 5909-5900.
.
crucial and major support at 5900-5890 zone.
CALL OF EQUITY
.
Lupin
.
Buyers zone at 600-605
Exit below 597.
See blast up to 612-615 above 609.
.
.
Divis Lab
.
Watch level of 1060 which is hurdle.
If trades above with vol and sustained price
may rally up to 1076-1083
Crucial support at 1041
Major support at 1011-1020
.Y
Yesterday Reliance Recommended to buy at 875
and advised to hold for 884-886.
.
Jp Asso recommended to buy at bottom
of 70-71 for 74 -76.
Just see the CMP .
Tuesday, 12 February 2013
currency view
India Rupee Drops Most in a Month on Speculation Inflows Slowed
The rupee dropped the most in more than a month on speculation capital inflows have slowed after India’s biggest equity offering in a year. Government bonds were little changed.
The government raised 114.7 billion rupees ($2.1 billion) last week, selling a stake in the nation’s biggest power producer NTPC Ltd., the New Delhi-based company’s Chairman Arup Roy Choudhury said Feb. 8. The rupee weakened for a fourth day after the U.S. reported the smallest trade deficit in three years, helping improve demand for the dollar. The Dollar Index, which tracks the greenback against the currencies of six major trading partners, traded near a four-week high.
The rupee declined 0.7 percent to 53.8550 per dollar in Mumbai, the biggest drop since Jan. 4, according to data compiled by Bloomberg. It touched 53.8650 earlier, the lowest level since Jan. 29. The currency fell 0.6 percent in the five days through Feb. 8, snapping a four-week advance.
One-month implied volatility, a gauge of expected moves in the exchange rate used to price options, rose three basis points, or 0.03 percentage point, today to 9.28 percent. Markets in China, Hong Kong, South Korea, Taiwan, Singapore and Malaysia are closed today for the Lunar New Year holiday.
Yen Falls as Policy Comments Boost Depreciation Bets; Euro Gains
The yen fell for the first time in three days against the dollar as Japanese officials reinforced their commitment to policies that may weaken the currency.
Japan’s currency slid against all of its 16 major counterparts after Economy Minister Akira Amariwas reported by Kyodo news as saying the government will continue efforts to push stocks higher, and as one of the potential candidates to head the central bank said additional monetary easing can be justified. The euro advanced from a two-week low against the dollar before ministers from the 17-member currency bloc meet in Brussels today to discuss aid for Cyprus and Greece.
The yen fell 0.6 percent to 93.22 per dollar at 10:33 a.m. London time after jumping 1 percent on Feb. 8. Japan’s currency dropped 0.8 percent to 124.82 per euro. The shared currency strengthened 0.2 percent to $1.3388 after declining to $1.3325, the lowest since Jan. 24.
Analysts estimated the yen will weaken to 95 per dollar and around 130 per euro.
TECHNICAL INSIGHT
USD INR (Feb 13 – Expiry)
USDINR has shown strong recovery from sub-53.5 levels in past few sessions. The pair looks strong in near term. This can be be "Buy on Dips"
Buy near 53.75 SL 53.60 TGT 53.90/54.10/54.25
EUR INR (Feb 13– Expiry)
EURINR is in weak trend, though the pair is getting support at lower levels.
Buy near 72.05 SL 71.90 TGT 72.30/72.45 OR Sell near 72.45 SL 72.65 TGT 72.30/72.05
GBP INR (Feb 13 – Expiry)
GBPINR has failed to sustain at higher levels. This can be considered "Sell on Rise"
Sell near 85.16 SL 85.35 TGT 84.80/84.51/84.35 OR Buy near 84.35 SL SL 84.15 TGT 84.51/84.70/84.80/85
JPY INR (Feb 13 – Expiry)
JPYINR opens "Gap Up" OR "Gap Down" due to high volatility in JPYUSD. It is prudent to take a bet after watching 1st hour of trade.
The rupee dropped the most in more than a month on speculation capital inflows have slowed after India’s biggest equity offering in a year. Government bonds were little changed.
The government raised 114.7 billion rupees ($2.1 billion) last week, selling a stake in the nation’s biggest power producer NTPC Ltd., the New Delhi-based company’s Chairman Arup Roy Choudhury said Feb. 8. The rupee weakened for a fourth day after the U.S. reported the smallest trade deficit in three years, helping improve demand for the dollar. The Dollar Index, which tracks the greenback against the currencies of six major trading partners, traded near a four-week high.
The rupee declined 0.7 percent to 53.8550 per dollar in Mumbai, the biggest drop since Jan. 4, according to data compiled by Bloomberg. It touched 53.8650 earlier, the lowest level since Jan. 29. The currency fell 0.6 percent in the five days through Feb. 8, snapping a four-week advance.
One-month implied volatility, a gauge of expected moves in the exchange rate used to price options, rose three basis points, or 0.03 percentage point, today to 9.28 percent. Markets in China, Hong Kong, South Korea, Taiwan, Singapore and Malaysia are closed today for the Lunar New Year holiday.
Yen Falls as Policy Comments Boost Depreciation Bets; Euro Gains
The yen fell for the first time in three days against the dollar as Japanese officials reinforced their commitment to policies that may weaken the currency.
Japan’s currency slid against all of its 16 major counterparts after Economy Minister Akira Amariwas reported by Kyodo news as saying the government will continue efforts to push stocks higher, and as one of the potential candidates to head the central bank said additional monetary easing can be justified. The euro advanced from a two-week low against the dollar before ministers from the 17-member currency bloc meet in Brussels today to discuss aid for Cyprus and Greece.
The yen fell 0.6 percent to 93.22 per dollar at 10:33 a.m. London time after jumping 1 percent on Feb. 8. Japan’s currency dropped 0.8 percent to 124.82 per euro. The shared currency strengthened 0.2 percent to $1.3388 after declining to $1.3325, the lowest since Jan. 24.
Analysts estimated the yen will weaken to 95 per dollar and around 130 per euro.
TECHNICAL INSIGHT
USD INR (Feb 13 – Expiry)
USDINR has shown strong recovery from sub-53.5 levels in past few sessions. The pair looks strong in near term. This can be be "Buy on Dips"
Buy near 53.75 SL 53.60 TGT 53.90/54.10/54.25
EUR INR (Feb 13– Expiry)
EURINR is in weak trend, though the pair is getting support at lower levels.
Buy near 72.05 SL 71.90 TGT 72.30/72.45 OR Sell near 72.45 SL 72.65 TGT 72.30/72.05
GBP INR (Feb 13 – Expiry)
GBPINR has failed to sustain at higher levels. This can be considered "Sell on Rise"
Sell near 85.16 SL 85.35 TGT 84.80/84.51/84.35 OR Buy near 84.35 SL SL 84.15 TGT 84.51/84.70/84.80/85
JPY INR (Feb 13 – Expiry)
JPYINR opens "Gap Up" OR "Gap Down" due to high volatility in JPYUSD. It is prudent to take a bet after watching 1st hour of trade.
Market view equity
Market view
The
markets traded within a tight range amid high volatility and ended on as
flat note. Buying was seen in Realty and Banking counters while Technology
sector witnessed selling pressure.
Nifty:
Nifty
traded within a tight range and ended on a flat note. The double bottom
formation at 5847 on 21 Dec. 2012 will act as a strong support for Nifty.
The 50 DMA at 5970 will act as an immediate resistance for Nifty. A close
above this level will further extend the rally up to 6050/6100 until then
expect selling pressure to continue at higher levels.
Investment Ideas
Mahindra &
Mahindra @ Rs. 883 (Target Price: Rs. 1100)Mahindra & Mahindra CMP @ 883
• M&M’s Q3FY13 operating performance was in-line with est
• Automotive Segment (AS)- new launches drive growth ; 100 bps QoQ decline in
margin on seasonal/one-time costs; UV vol. traction to remain better than rest of
the auto sector
• Tractors continue to report resilient margins (+70 bps QoQ) despite weak
volumes, indicating pricing discipline – volume outlook continues to remain
muted
• We have broadly maintained our estimates and retain our ACCUMULATE rating
on the stock with a TP of Rs 1,100
• M&M is our preferred pick to play the domestic 4-wheeler space as we see
lesser downside risk to volume/growth estimate as compared to MSIL/AL
JM Financial (Target 26)
Tv18 (Target 38)
Unitech (Target 45)
Zee Ltd (Target 260). Traders maintain stop loss accordingly.
Monday, 11 February 2013
TECHNICAL Impact
TECHNICAL Impact
USD INR (FEB– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 53.8600 with a SL 54.0000 possible targets of 53.6200/53.5000/53.3300.
EUR INR (FEB – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.0025 with a SL 72.1600 possible targets of 71.8600/71.8025/71.6600.
OR
Buy above 72.1600 with a SL 72.0625 possible targets of 72.3025/72.4000/72.5525.
Currency Headlines
Rupees declines the months low on speculation of FII capital withdrawal.
Indian rupee is hovering near this month’s low as the speculations have increased that FII had started withdrawing funds from Indian markets which has increased the pressure on their currency. The rupee declined 0.4 percent to 53.7050 per dollar. It touched 53.745 earlier, the lowest level since Jan. 29. The currency fell 0.6 percent in the five days through Feb. 8, snapping a four-week advance. Three-month onshore rupee forwards traded at 54.71 per dollar, compared with 54.66 on Feb. 8. Offshore non-deliverable contracts were at 54.54 versus 54.45.
USD INR (FEB– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 53.8600 with a SL 54.0000 possible targets of 53.6200/53.5000/53.3300.
EUR INR (FEB – Expiry)
Euro might fall further as technically looking weak.
Sell below 72.0025 with a SL 72.1600 possible targets of 71.8600/71.8025/71.6600.
OR
Buy above 72.1600 with a SL 72.0625 possible targets of 72.3025/72.4000/72.5525.
Currency Headlines
Rupees declines the months low on speculation of FII capital withdrawal.
Indian rupee is hovering near this month’s low as the speculations have increased that FII had started withdrawing funds from Indian markets which has increased the pressure on their currency. The rupee declined 0.4 percent to 53.7050 per dollar. It touched 53.745 earlier, the lowest level since Jan. 29. The currency fell 0.6 percent in the five days through Feb. 8, snapping a four-week advance. Three-month onshore rupee forwards traded at 54.71 per dollar, compared with 54.66 on Feb. 8. Offshore non-deliverable contracts were at 54.54 versus 54.45.
Currency Headlines
Currency Headlines
Rupee Leads Declines in Asian Currencies on Yen, Europe Concerns
Asian currencies fell for a third week amid concern the yen’s slump will trigger a currency war, and after the European Central Bank said the euro’s strength could hamper an economic recovery.
India’s rupee headed for its worst week in 2013 after the government predicted the slowest economic growth in a decade. Taiwan’s dollar slid to a five-month low and South Korea’s won pared a weekly gain after the yen’s plunge to the weakest level since May 2010 fueled speculation policy makers will rein in exchange rates to support exports. ECB President Mario Draghi said the euro’s rally in January may slow growth and a Bank of Japan board member said this week more initiatives are needed to attain its goal of boosting inflation to 2 percent.
“It’s a risk-off situation as we can expect more verbal warning about the yen-Asia crosses given recent statements in Japan,” said Wong Chee Seng, a currency strategist in Kuala Lumpur at Ambank Group. “Concerns about the euro’s strength and debt issues in major economies are also back on the radar.”
The rupee weakened 0.7 percent this week to 53.58 per dollar as of 2:24 p.m. in Mumbai.
Pound Set for Biggest Weekly Gain in Two Years
The pound headed for its biggest weekly advance in two years against the euro amid speculation the Bank of England will refrain from extending its stimulus program in contrast to its European counterpart.
Sterling rose for a third day versus the dollar before U.K. reports next week forecast to show producer prices rose in January and retail sales increased. Future Bank of England Governor Mark Carney said yesterday that current monetary policy may be enough to help the economy, while European Central Bank President Mario Draghi said policy may “remain accommodative.” U.K. government bonds underperformed German bunds this week by the most in a month.
“We might see a stronger sterling against the euro,” said Eimear Daly, a currency-market analyst at Monex Europe Ltd. in London. “We’ve seen a very dramatic move since the start of the year. The market had priced in aggressive easing from Carney and they were probably disappointed from what they saw yesterday. The move was compounded by what we saw from Draghi.”
The pound strengthened 0.2 percent to 85.11 pence per euro at 11:36 a.m. London time, having gained 2.1 percent this week, the most since the period ended Jan. 7, 2011. Sterling rose 0.3 percent to $1.5767.
TECHNICAL INSIGHT USDINR FEB 2013
The pair seems to be range with upward bias.
Buy near 53.50 SL 53.35 TGT 53.75/53.90
EURINR FEB 2013
The pair has shown weakness. Though, buying support has come at lower levels.
Sell near 72.22 SL 72.35 TGT 72/71.86 OR Buy near 71.86 SL 71.7 TGT 72/72.22
GBPINR FEB 2013
The pair can also be considered “Buy on Dips”
Buy near 84.55 SL 84.40 TGT 84.76/85.05
JPYINR FEB 2013
Given uncertainty in USDJPY globally, the pair can have Gap up OR Gap down open. Its better to take any call after watching the 1st hour of trade in USDINR
Rupee Leads Declines in Asian Currencies on Yen, Europe Concerns
Asian currencies fell for a third week amid concern the yen’s slump will trigger a currency war, and after the European Central Bank said the euro’s strength could hamper an economic recovery.
India’s rupee headed for its worst week in 2013 after the government predicted the slowest economic growth in a decade. Taiwan’s dollar slid to a five-month low and South Korea’s won pared a weekly gain after the yen’s plunge to the weakest level since May 2010 fueled speculation policy makers will rein in exchange rates to support exports. ECB President Mario Draghi said the euro’s rally in January may slow growth and a Bank of Japan board member said this week more initiatives are needed to attain its goal of boosting inflation to 2 percent.
“It’s a risk-off situation as we can expect more verbal warning about the yen-Asia crosses given recent statements in Japan,” said Wong Chee Seng, a currency strategist in Kuala Lumpur at Ambank Group. “Concerns about the euro’s strength and debt issues in major economies are also back on the radar.”
The rupee weakened 0.7 percent this week to 53.58 per dollar as of 2:24 p.m. in Mumbai.
Pound Set for Biggest Weekly Gain in Two Years
The pound headed for its biggest weekly advance in two years against the euro amid speculation the Bank of England will refrain from extending its stimulus program in contrast to its European counterpart.
Sterling rose for a third day versus the dollar before U.K. reports next week forecast to show producer prices rose in January and retail sales increased. Future Bank of England Governor Mark Carney said yesterday that current monetary policy may be enough to help the economy, while European Central Bank President Mario Draghi said policy may “remain accommodative.” U.K. government bonds underperformed German bunds this week by the most in a month.
“We might see a stronger sterling against the euro,” said Eimear Daly, a currency-market analyst at Monex Europe Ltd. in London. “We’ve seen a very dramatic move since the start of the year. The market had priced in aggressive easing from Carney and they were probably disappointed from what they saw yesterday. The move was compounded by what we saw from Draghi.”
The pound strengthened 0.2 percent to 85.11 pence per euro at 11:36 a.m. London time, having gained 2.1 percent this week, the most since the period ended Jan. 7, 2011. Sterling rose 0.3 percent to $1.5767.
TECHNICAL INSIGHT USDINR FEB 2013
The pair seems to be range with upward bias.
Buy near 53.50 SL 53.35 TGT 53.75/53.90
EURINR FEB 2013
The pair has shown weakness. Though, buying support has come at lower levels.
Sell near 72.22 SL 72.35 TGT 72/71.86 OR Buy near 71.86 SL 71.7 TGT 72/72.22
GBPINR FEB 2013
The pair can also be considered “Buy on Dips”
Buy near 84.55 SL 84.40 TGT 84.76/85.05
JPYINR FEB 2013
Given uncertainty in USDJPY globally, the pair can have Gap up OR Gap down open. Its better to take any call after watching the 1st hour of trade in USDINR
Friday, 8 February 2013
Bhartiartl ----->view on chart
TECH-Updat
call update of 7th feb 2013
Our call of silver buy 1st target done of 58620 call given @58390
230 point profit in intraday
1 lot profit is 6900
and our usd call almost 1st target done of 53.54 made high 53.5025
call given @53.30 , 20 paisa profit in intraday
10 lot trade profit is 2000
yesterday total profit was 6900+2000 = 8900
230 point profit in intraday
1 lot profit is 6900
and our usd call almost 1st target done of 53.54 made high 53.5025
call given @53.30 , 20 paisa profit in intraday
10 lot trade profit is 2000
yesterday total profit was 6900+2000 = 8900
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