USD/INR Daily

Dollar breached  the crucial Zone in which it was trading for past one week as prices made a high of Rs.47.01/Dollar before closing the say at Rs.46.93/USD. A weak equity markets coupled with rise in dollar index lead to rise in USDINR pair. Dollar index touched 77.76 levels the highest gain seen since December 4th after news that states like Greek may fail to pay their debt obligation sprang up leading to fall in asset classes across the globe. Euro and Pound traded near their 2 months low against the Dollar indicating that European countries may struggle to keep their economies intact in near future. Euro fell to 1.43 against the dollar while Pound was quoting at 1.6143 against the greenback after U.K retail sales unexpectedly fell in November. In India the concerns of Food Inflation continued to persist with Primary articles WPI rising by 14.98% while Fuel Power and Light WPI rose by 3.95%. The primary article inflation has risen from 7.55% in October to 14.98% currently due to higher food prices. The yields of 10 year bonds however fell marginally to 7.55% as ample liquidity is expected to absorb any further government borrowing. Over all with close above 46.91 one can expect pair to touch 47.35 levels in coming week.

TIPS FOR 18 DEC

Courtsey :- ShareGURU

Nifty Target and Stoploss dt 18-12-09

Long Calls on	18-Dec-09
NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss	Target1 Percent
CARBORUNIV	159.1	162.2	164	157.3	1.95

 

Short Calls on	18-Dec-09
NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss	Target1 Percent
BRFL	183.40	181.40	177.85	184.50	-1.09

 

Nifty Target and Stop loss				Bearish
Stop Loss 1	Stop loss 2	Pivot	Target 1	Target 2
4988.65	5015.20	5039.70	5066.25	5090.75
Note: -	1.If Bullish take only Long Position don't short.
	2.If Bearish take only Short Position don't long.

OPM Capital : Intraday Trading Tips

Yesterday Market Summary

Last trading day: Thursday, 17 December

 It was another dull and quiet day on the market that closed in the negative today. But there was lots of buzz about extension of trading hours with heavy debate among brokers and various polls seeking more opinion on the issue. Sensex shut shop at 16894, down 18 points and Nifty at 5041, flat from the previous close. CNX Midcap index was up 0.86% and BSE Smallcap index was up 0.88%. The market breadth was positive with advances at 778 against declines of 486 on the NSE. Top Nifty gainers included HCL Technologies and Cipla while losers were DLF, Unitech and BPCL. 

 If Nifty breaks below 4950 there could be a big selloff, says Ashwani Gujral, technical analyst, on CNBC TV18. If it crosses 5050 then there could be a short covering rally that could take it to 5120-5130, he says. The market is most likely to be stuck in a range and give large moves only in January, he adds.  

 Am not an expert on market timings but am urging finance ministry to look into the matter as I represent the broking community of South Mumbai which is upset with the trade timings move, says Milind Deora, Congress MP of South Mumbai, on NDTV Profit. Brokers are upset because of the fight between the two exchanges and feel they are getting a raw deal, he says. There should have been a consultative process with brokers before a decision is taken, he adds.