Nifty Trend-08/04/2013

Benchmark Indices showed a choppy session in the last session of the week and were unable to test their crucial resistance levels. Nifty future strongly resisted near 5600 for the whole session and tested the major support of 5550. Overall, bears are seen to capture nifty and if it surpasses this crucial level then intraday support is seen in the range of 5530-5480 while any correction may lead it towards 5630-5650.
TREND: SIDEWAYS
SUPPORT :  5530 & 5480
RESISTANCE:   5630 & 5670
Major Market News:

• Sensex down 64 points; mid and small-caps outperform.
• Maruti jumps on hopes weaker yen to reduce import cost.
• DLF to sell two windmill projects for Rs 241 cr.
• L&T bags orders worth Rs 2,000 crore in March.
• Adani Power falls as Haryana govt to challenge CERC order.

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Currency Trend –01/04/2013

CURRENCIES S1       S2       S3       R1       R2       R3
USDINR 54.5000 54.3800 54.2500 54.7700 54.9000 55.0500
EURINR 69.9000 69.8000 69.6500 70.1200 70.2300 70.3500
GBPINR 82.6000 82.5000 82.3500 82.8500 82.9700 83.1000
JPYINR 57.9000 57.7500 57.5500 58.2000 58.3500 58.5500
JPYINR on its intraday charts is trading with sideways to negative sentiments on its daily charts while it closed near to the trend line acting as support. Selling pressure may be seen below 57.9400.
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LEAD UPDATES: MCX LEAD UPDATES FOR MARCH 28 2013

LEAD UPDATES: MCX LEAD UPDATES FOR MARCH 28 2013