USD-INR MAY 2011 MCX-SX FUTURE:-Monday it  opened   gap up  at  45.10 &  made the low of 45.085 for the day. It then went up for the whole of the day till 45.2650 to mark the high of the day & finally closed at 45.2475.We are estimating 45.13-45.15 as the support & 45.40-45.42 as resistance. For the day we expect flat  to negative  opening around 45.15 & after some consolidation it will move up to 45.40-45.42 zone. Swing trader should go long around 45.10  with the stop of 45.05 for the target of 45.40-45.42 & higher. Remember traders discretion & judgment of price behavior during the entry of trade  is vital for profitable trade  & this can be done at that moment of time only.

EURO-USD:- Yesterday it opened at 1.4160,  made the low of 1.41207 & high of 1.4240.The down move we were   looking for, has terminated at 1.4045 & corrective up move has commenced. It is likely to be slow  & choppy. For the day on the upside there is resistance at 1.4400-1.4450 & on the downside supports at  1.4110-1.4161. Swing trader should  go long near 1.4200 with the appropriate stop for the target of 1.4400.  Traders discretion & judgment of price rally top is vital for profitability of trade  & this can be done at that moment of time only.                                

 EURO-INR MAY 2011 MCX-SX FUTURE :-Monday  it opened  gap down  at  64.81, went down to mark the low of the day at 63.5200 to close at 63.7875.For the day we are expecting to open positive as our bias is positive. As per our analysis it has terminated a pattern at 63.52 &  likely to bounce back to 64.50. In our view aggressive  swing trader should  go long  around  63.70 with the stop placed at 63.50 for the target 64.4700.  Once the trade runs in profit trail the stop suitably for exit so that profit is compounded & any higher target can also be taken advantage of it.

USD-JPY:- Yesterday it made the low of 80.73 higher than  previous day's low of 80.711. In fact it has fully validated our analysis by making the high of 81.77.Now all set to fly off from the present level of 81.30 to82.50-82.80 zone. In our view traders should go long around 81.30  with the stop of the 81.150  for the target of 82.50 & higher. Once the trade runs in profit trail the stop suitably for exit so that profit is compounded & any higher target can also be taken advantage of it.

JPYINR MAY 2011 MCX FUTURE :-Monday it  opened  down at 55.75 ,made the top of 56.01 & went down to register the low of 55.6750 & closed at 55.965.Today morning  we expect it to  open gap down  & look for the support in the 55.51-55.61 & then at 55.18-55.09.  In our view aggressive  swing trader should go short around 55.80-   with the stop of 55.90 for the target of 55.60  & lower.

 GBPINR MAY 2011 MCX FUTURE :- Monday it made the low 72.55 & bounced swiftly.We are looking for a resistance at 73.50-73.60 & support at 72.70-72.40.  In our view traders should go short  around 73.50 with the stop of 73.70 for the target of 72.70 or lower.

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.

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