Saturday, December 6, 2014

FREE INTERNATIONAL FOREX INTRADAY LEVELS WITH LIVE TREND UPDATION:8.Dec.2014


INDIAN MARKET & 9 MAJOR STOCKS WEEKLY OUTLOOK FOR THE WEEK - 8.Dec2014 - 12.Dec.2014

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Indian Markets Outlook for the week – 08.12.2014 to 12.12.2014



Benchmark indices are expected to move in a range bound manner next week due to lack of
major triggers. The National Stock Exchange's 50-share Nifty is expected to move between 8430
points and 8630 points.

Yesterday, the index ended at 8538.30, down 26.10 points or 0.3% from close Thursday and the
S&P BSE Sensex at 28458.10, down 104.72 points, down 0.4%.

The participation of foreign institutional investors in the market to decrease next week. In
December, most foreign institutional investors go for a holiday. So, in the second or third week
of the month, you can see volumes drying up and some volatility.

Mid- and small-cap shares are expected to perform well next week. Rate-sensitive may gain in the coming week. Most market participants are bullish on automobile companies. Banks
may also gain. You may see public sector banks in the mid-cap space rising.

Stocks of Steel Authority of India Ltd, whose offer for sale was conducted today, may recover in
the latter part of next week.

Monday, Stocks of Thermax may rise as post market hours, the company said it has won an
order worth 3.51 bln rupees from an African company for building and commissioning a power
plant.

ICICI Bank may gain, as the bank has approved sale of its Russian arm ICICI Bank Eurasia to
Sovcombank. Tata Motors will also be in focus after the company announced a 26.9% year-onyear rise in November sales of its Jaguar brand in the UK. Sales of Land Rover in UK fell 11.5% on-year.
www.rupeedesk.in )

WEEKLY USDINR CHART: 6.Dec.2014


USDINR WEEKLY OUTLOOK: 
USDINR ( 29-Dec-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 62.48 / 62.89 / 63.15 . And the lower side , it has Strong Support @ 62.22 downside, it may tank to near support Levels such as 61.81 / 61.55 / 61.14 . Currently USDINR is Trading @ 62.07

WEEKLY EURINR CHART: 6.Dec.2014


EURINR WEEKLY OUTLOOK: 
EURINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 76.14 / 75.59 / 74.70 . And the upperside, it has Strong Resistance @ 77.04 upperside, it may test Resistance Levels such as 77.59 / 78.49 / 79.04 . Currently EURINR is Trading @ 76.70

WEEKLY GBPINR CHART: 6.Dec.2014


GBPINR WEEKLY OUTLOOK: 
GBPINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 96.93 / 96.47 / 95.89 . And the upperside, it has Strong Resistance @ 97.51 upperside, it may test Resistance Levels such as 97.97 / 98.55 / 99.01 . Currently GBPINR is Trading @ 97.39

WEEKLY JPYINR CHART: 6.Dec.2014


JPYINR WEEKLY OUTLOOK : 

JPYINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 51.05 / 50.52 / 49.55 . And the upperside, it has Strong Resistance @ 52.02 upperside, it may test Resistance Levels such as 52.55 / 53.51 / 54.04 . Currently JPYINR is Trading @ 51.58