USDINR for Week 4/11-8/11, 2013

USDINR for 1 Week 4/11-8/11, 2013

65.81              Sell Zone
64.29             Strong Resistance
63.83             Sell Zone
63.25             Resistance
62.9-63.06    Sell Zone / Resistance / Buy above
62.35             Strength Above
62.06             Key / Weak below
61.71-61.85  Good Support
61.55            Buy here / Sell below
60.67            Buy Zone / Weak below
60.20-60.5   Strong buy
59.13           Good Buy
59.09           Strong buy
57.34           Support

Pre-Market Levels for Nifty and Bank Nifty Future for 3/11 (Sunday) and 5/11(Tuesday), 2013

Nifty Future Near Month

6439-6462    Strong Resistance / Sell Zone
6420              Sell Zone / Buy above
6387-6405    Strong Resistance / Buy Above
6357-6361    Strong Above / Sell below
6335              Weak Below
6295-6308    Strong Support / Weak Below
6262              More Weakness Below
6244              Support
6126-6222    Strong Support



Bank Nifty Future Near Month

12263-12400    Big Resistance
12005-12100    Sell Zone
11850               Sell Zone / Buy above
11704-11736   Strong Above / Weak below
11417-11458   Support / Buy Zone
11320-11340   Weak below
11250              Strong support

Weekly Levels of Nifty and Bank Nifty Spot for 5th-8th Nov, 2013 (Incl. 3rd, Nov Sunday)

Nifty Spot Weekly Levels (Week Range 6193 - 6447)

6493-6505    Strong Resistance
6466              Sell Zone / Stiff Resistance
6400              Resistance
6377-6380    Strong above / Weak Below /Key Zone
6333              Crucial on Weekly Close
6261-6284     Good Support
6238-6243     Strong Support / Buy Zone


Banknifty Spot Weekly Levels (Week Range 11149-12174)

12786             Sell Zone
12356             Sell Zone
12130-12193  Big Resistance / Buy Above
11911-12004  Sell Zone / Stiff Resistance
11694              Crucial on weekly close
11491-11553  Strong Above / Weak Below / Key
11331-11347  Good Buy Zone
10942-10867  Strong Buy

Continuation on Nifty Spot present move

Nifty spot has formed a triangle in the intraday chart. If it a limiting triangle I can give max target of  6402  +/- 10 points.  The Nifty must correct towards 6240-70 zone thereafter. Let us see what happens.