USD-INR APRIL 2011 MCX-SX FUTURE

Last week it made the high of 47.00,then went down to form the low of 44.9150 & closed the week at 44.9575.It has shown more bearish inclination & moved down the well defined falling channel. In our view for the coming week it should bounce to 45.06-45.14 range & then continue to move down. We are looking for two probable stops at 44.69 & 44.56.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 short after confirmation of rally top formation in  45.06-45.14 with the stop 45.16 for the initial target of 44.69 & 44.56.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 1.4250 & low at 1.4054 against our  estimated low 1.4060 & high in 1.4250-1.4280 range. Today morning it made the low of 1.4017 & looks to reverse down from 1.4085.We are bullish above 1.4145 & 1.4145-1.4050 is the neutral zone. A breach below 1.4040 is certainly bearish &may lead to 1.3975,1.3935 & 1.3865. The finer target we will recalculate once it reaches at 1.3975 on the daily report.  Swing trader  go short at 1.4080  with the stop of 1.4145 for the initial target of 1.3975 & lower.

 EURO-INR APRIL 2011 MCX-SX FUTURE

Last week it  opened  at 64.19 &  made the high of 64.4375.It continued to move down to mark the low at 63.3575 & finally closed at 63.6200.This was against our estimate of 64.40 as high & 63.46 as low. For the coming week we again see it rallying to 63.87 & then dropping down to 62.70.We see this as very low probability. As a most probable case it will straight move down to 62.70.  Traders are advised that this decline 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 63.00-63.10 range with the stop of 63.25 for the target of 62.70& lower.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 high of 163.94 & crossed the previous peak of 162.60 & then declined to mark the low at 159.96.For the coming week we see it bouncing  to 1.6125 & then begin the down  move to 1.5750 if it breaches 1.5960-160.00 zone on downside. In our view aggressive  swing trader should go short 1.6120 with the stop of 1.6140 for the target of 1.5760.

GBP-INR APRIL 2011 MCX-SX FUTURE

For the coming week we see it making a high in the range of 72.50-72.60 & declining to 70.80 level. . In our view aggressive  swing trader should go short in the 72.40-72.60 range with the stop placed at 72.85 for the target of 70.80 & lower.

USD-JPY:- 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 84.50-86.00 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 81.50 with the stop of 80.50 for the target of 84.50-86.00                                             

JPY-INR MARCH 2011 MCX-SX FUTURE

For the coming week we see it facing resistance at 55.65 & support at 54.75 . In our view aggressive  swing trader should go short above 55.105 with the stops of 55.25 for the target of 54.75.                                                     

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.           

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