Had Seen 1.04 Rupee of bloodbath in U.S. Dollar vs. Indian Rupee (USDINR) in today’s trading session, open at 62.67 and made low of 61.56 and finally closed at 61.63. We must be able to see bounce bank to 62.00 – 62.50 in next trading sessions only if hold the support of 61.59 otherwise it moves continue to 61.33 – 61.14 – 60.94 in nearby trading sessions.
Coming back to take support at 83.70, we must see bull in nearby trading days to 84.50 – 85.00 and 86.00. What if too weak to hold support?Continue reading
MCX Aluminium is closed downside at 106.95 level. Support: 106 & Resistance: 111.5
Look above chart and you will clearly understand, aluminium will take U-Turn from here in between 2 upcoming trading session and we look at 108 to 109 level soon.
* Infosys declaring its Results on Friday, January 10th 2014. * The external trade data and IIP for November will be declared on Friday, January 10th 2014. * Fed Chairman Ben Bernanke reiterated the fed’s commitment to keep interest rates low. HSBC Services PMI is expected on * * * Monday, January 6. The last reading was 47.2. * Petrol price was hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production on Friday
Suppose to break 6180 and close below it… then get ready for a fall upto 6000-5970 level first.
Very Short Term Targets 6468 to 6600.
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