Muhurat Trading

On The Occasion Of Diwali (Laxmi Poojan Day), Commodity Market Will Be Available For Muhurat Trading From 5.30pm - 8.00pm And Equity & Currency Market Will Be Available For Muhurat Trading From 6.15pm - 7.30pm. 

Currency Outlook for 28th October' 2013

USDINR trading range for the day is 61.66-62.39. Rupee ended flat as caution set in ahead of an expected interest rate hike by the central bank at its policy review next week. The Reserve Bank of India is widely expected to raise its key repo rate by 25 basis points on Tuesday. An interest rate hike could nonetheless dent sentiment by raising concerns about an economy already growing at its slowest pace in a decade. 

EURINR trading range for the day is 85.03-86.17. Euro edged up as growing expectations for the Federal Reserve to delay scaling back its bond-buying program sent the greenback broadly lower. The preliminary reading of the euro zone’s manufacturing purchasing managers’ index ticked up to 51.3 in October The euro zone services PMI fell to 50.9 this month from 52.2 in September. 

GBPINR trading range for the day is 99.73-101.24. Pound was edged up hovering close to more than nine-month highs after data showed that the U.K. economy grew in line with expectations in the three months to September. The U.K. index of services rose more-than-expected last month, official data showed. GDP grew 0.8 percent sequentially in the third quarter, slightly faster than the 0.7 percent expansion logged in the preceding three months

USDINR : R: 62.18-62.39-62.54 S:61.81-61.66-61.45 

EURINR : R:85.83-86.17-86.40 S:85.26-85.03-84.69 

GBPINR : R:100.78-101.24-101.54 S:100.03-99.73-99.27 

JPYINR : R:63.99-64.29-64.48 S:63.50-63.31-63.01

Nifty Outlook

Yesterday after giving around 62% correction of the recent rally from 5663 – 5970, by making low of 5791 Nifty is at 5917 up by 126 points. If we see the daily chart then Nifty has formed inverse Head & Shoulder pattern, where the left shoulder formed at 5853 (15/02/2013), Head at 5663 (04/03/2013) & assuming today’s low of 5791 as right shoulder, then neckline breakout of this pattern comes to 5971. If Nifty crosses & sustain above its breakout point of 5971 then midterm possible target comes to 6279.

Nifty Outlook for 7th November’ 2012

It was another lack luster session for the market this week and the volumes too were less ahead of US President Election.

Nifty Closing Session Today: 

Close: 5724.40, up 20.20 points (0.35%)

Day’s High: 5730.80

Day’s Low: 5693.65

Sensex Closing Session Today: 

Close: 18817.38, up 54.51 points (0.29%)

Day's High: 18829.07 

Day's Low: 18726.94

Nifty Levels for 7th November’ 2012

Pivot Level = 5716.25 

Support Level 1 = 5701.77

Support Level 2 = 5679.12

Resistance Level 1 = 5738.92

Resistance Level 2 = 5753.43

Nifty Simple Moving Averages:

30 Days = 5686.41

50 Days = 5569.68

150 Days = 5295.60

200 Days = 5301.39

Nifty Outlook for 6th November’ 2012

Today Indian market closed with green signal. Global trends muted by us elections.

The Nifty ended at 5704.20, up 6.50 points (0.11 %). Its highest closing since 25th October’ 2012. It touched a high of 5709.20 and a low of 5679.50 in intraday trade.

Where as the Sensex closed at 18762.87, up 7.42 points (0.04 %) and touched a high of 18794.63 and a low of 18683.25 in intraday trade.

Nifty Tips for Tuesday

Pivot Level = 5697

Support Level 1 = 5680

Support Level 2 = 5650

Resistance Level 1 = 5720

Resistance Level 2 = 5750

Simple Moving Averages:

30 Days = 5685.30

50 Days = 5562.93

150 Days = 5292.89

200 Days = 5297.86

Nifty Outlook for 5th November’ 2012

Friday was a good day for the Indian equities as index closed up 1%.

The Nifty ended at Rs 5697.70, up 52.65 points (0.93 %) and it touched a high of 5,711.30 and a low of 5,682.55.

The Sensex closed at Rs 18755.45, up 193.75 points (1.04 %) and it touched a high of 18,793.75 and a low of 18,687.93.

We are going to see a strong opening above 5700 on Monday.

Nifty Tips for Monday

Pivot Level = 5697 

Support Level 1 = 5682

Support Level 2 = 5671

Resistance Level 1 = 5715 

Resistance Level 2 = 5724