USD-INR MARCH 2011 MCX-SX FUTURE

Last week it made the high of 45.50,then went down to form the low of 45.1425 & closed the week at 45.2125.It has shown more bearish inclination & moved down the well defined falling channel. In our view for the coming week it should make one more new low below 45.08 & reverse as there is strong support zone at 45.03-45.05.We see then a northward movement to touch the 45.42-45.48 resistance zone. However in the such global turmoil with volatile & dynamic environment, it will be prudent to take this as rough skeleton & we will refine as well as retuned final target with the additional data on daily basis. Swing trader should go long after confirmation of bottom formation below 45.08 with the stop placed below 2 paise the actual bottom  for the initial target of 45.42-45.48.Once the trade runs in profit please trail the stop to lock in the profit.     

SPECIAL NOTE:- We would earnestly request the readers to read carefully the qualifying conditions for the call to be activated. Without meeting the qualifier conditions call do not get activated & simply cursory look at chart & arrow may lead to erroneous call activation & financial losses.

EURO-USD

Last week it made the high of 1.4185 & low at 1.3856 against our  estimated low 1.3845 & high in 1.4185-1.4215 range. Today morning it made the high of 1.4197 & indicated at least the short term reversal. Actually it is facing the stiff resistance from the previous top of 1.4282.We do see one more attempt to retest the 1.4282 but the waning momentum first call for the correction to 1.4085-1.4040.The characteristics of this decline will determine the emergence & quality of the retest to 1.4282.If 1.4040 is held strongly downward chances will be eliminated & retest attempt will emerge dominantly. Alternatively the breach of 1.4040 will open the door for further correction to 1.3910-1.3940 levels & the retest of 1.4282 will be pushed for later dates. The finer target we will recalculate once it reaches at 1.4040-1.4085 on the daily report.  Swing trader  go short at 1.4180  with the stop of 1.4200 for the initial target of 1.4085 & lower.

 EURO-INR MARCH 2011 MCX-SX FUTURE

Last week it  opened  with the gap at 62.89 & this itself was the low of the week & made the high of 63.89 & finally closed at 63.7875.We are delighted to inform that it not only made the high & low in the our estimated range it actually followed the path exactly as we envisaged like low of the gap up opening acted as support & for the whole of the week it continued the march upward. For the coming week we again see a gap up opening in the 64.00-64.10 range & then commence the correction to 63.62-63.46 zone. We do see a fresh new up move from there to 64.40 levels. Traders are advised that this rise will be choppy & will align with the global events & after effects of the Japanese earthquake. With the events like Libya, Japan & boiling crude can alter the equations faster than analyst imaginations & best be referred to daily report. In our view aggressive  swing trader should go short in 64.00-64.10 range with the stop of 64.25 for the target of 63.46-63.62.Once the trade runs in profit trail the stop suitably for exit so that profit is compounded & any lower target can also be taken advantage of it.Rest of the calls will be given in daily report.

GBP:- Last week it made the failure attempt to cross the 163 mark to register the high of the week at 162.60 & then declined.For the coming week we see it declining to 1.6060 & then begin further march on upward. In our view aggressive  swing trader should go short 1.6220 with the stop of 1.6260 for the target of 1.6060.

GBP-INR MARCH 2011 MCX-SX FUTURE

For the coming week we see it making a high in the range of 73.25-73.20 & declining to 72.80 level. . In our view aggressive  swing trader should go short in the 73.20-73.25 range with the stop placed at 73.35 for the target of 72.80 & lower.

USD-JPY:- Contrary to our expectation it broke down the 79.00 level with the massive volume but it managed to recover with equal swiftness. This should be considered as blip & longer term trend has terminated for the downside & major up move has began. The massive short position built on that selling climax day & catapulting there after will keep feeding the current bull run. For the coming week during the initial part we see consolidating in the 80.50-82.00 & then make a sharp & swift move on upside to 85.50-86.00 levels. This will be the after effects of the massive non sterilized currency operation of billions by the Japanese government. . In our view aggressive  swing trader should go long near 80.50 with the stop of 79.50 for the target of 85.50-86.00.

JPY-INR MARCH 2011 MCX-SX FUTURE

For the coming week we see it moving within the range of 55.40-56.00 & then it will break down to 54.60 levels. . In our view aggressive  swing trader should go short above 55.85 with the stops of 56.05 for the target of 54.60.

IN OUR VIEW THERE WILL BE LOT OF VOLATILITY IN JPYINR & ALONGWITH THERE WILL BE MASSIVE INCREASE IN VOLUME.THIS WILL OFFER IMMENCE OPPORTUNITIES FOR THE TRADERS & ARBITRAGERS.EARLY BIRDS PAYING ATTENTION ON THESE CONTRACTS WOULD FIND LIFETIME OPPORTUNITY & EDGE OVER THE OTHERS.NOTE THAT USDJPY HAS REVERSED AFTER BREACHING THE 15 YEAR LOW & WILL BE FOLLOWED BY MULTIMONTH & MULTIFOLD RISE ACCOMPANYING THIS RALLY.

 THIS IS THE PORTRAY OF GENERAL BROADER MARKET VIEW WITHOUT ANY SPECIFIC STRATEGY & SHOULD NOT BE CONSTRUIED AS SPECIFIC CALLS.FOR THE MORE POIGNANT VIEW ON MARKET,WINNING STRATEGY & PIN POINT TIMELY PRICE LEVEL CALLS, CONTACT US  TO SUBSCRIBE FOR OUR PREMIUM SERVICES.