Live Currency News, 2nd Session: 23.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

10:05 AM : Buy USDINR (JUN) SA 63.77 SL 63.66 Target 63.87 / 63.95 / 64.03
10:05 AM : Sell USDINR (JUN) SB 63.61 SL 63.72 Target 63.51 / 63.43 / 63.35
 USDINR (JUN) : INTRADAY TREND : UP SL : 63.55 

10:05 AM : Buy EURINR (JUN) SA 71.79 SL 71.68 Target 71.89 / 71.97 / 72.05
10:05 AM : Sell EURINR (JUN) SB 71.63 SL 71.74 Target 71.53 / 71.45 / 71.37
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.08 

10:05 AM : Buy GBPINR (JUN) SA 100.46 SL 100.35 Target 100.56 / 100.64 / 100.72
10:05 AM : Sell GBPINR (JUN) SB 100.30 SL 100.41 Target 100.20 / 100.12 / 100.04
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 100.64 

10:05 AM : Buy JPYINR (JUN) SA 51.57 SL 51.46 Target 51.67 / 51.75 / 51.83
10:05 AM : Sell JPYINR (JUN) SB 51.41 SL 51.52 Target 51.31 / 51.23 / 51.15
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.61 

Live Forex Rate Tips, 1st Session: 23.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

9:13 AM : Buy USDINR (JUN) SA 63.75 SL 63.64 Target 63.85 / 63.93 / 64.01
9:13 AM : Sell USDINR (JUN) SB 63.59 SL 63.70 Target 63.49 / 63.41 / 63.33
 USDINR (JUN) : INTRADAY TREND : UP SL : 63.53 

9:13 AM : Buy EURINR (JUN) SA 71.77 SL 71.66 Target 71.87 / 71.95 / 72.03
9:13 AM : Sell EURINR (JUN) SB 71.61 SL 71.72 Target 71.51 / 71.43 / 71.35
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.16 

9:13 AM : Buy GBPINR (JUN) SA 100.44 SL 100.33 Target 100.54 / 100.62 / 100.70
9:13 AM : Sell GBPINR (JUN) SB 100.28 SL 100.39 Target 100.18 / 100.10 / 100.02
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 100.73 

9:13 AM : Buy JPYINR (JUN) SA 51.56 SL 51.45 Target 51.66 / 51.74 / 51.82
9:13 AM : Sell JPYINR (JUN) SB 51.40 SL 51.51 Target 51.30 / 51.22 / 51.14
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.64 

INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS: 23.Jun.2015

USDINR ( 26-Jun-15 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 63.62 / 63.68 / 63.74 . And the lower side , it has Strong Support @ 63.57 downside, it may tank to near support Levels such as 63.51 / 63.45 / 63.39 . Currently USDINR is Trading @ 63.56 

EURINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 71.87 / 71.65 / 71.36 . And the upperside, it has Strong Resistance @ 72.16 upperside, it may test Resistance Levels such as 72.37 / 72.66 / 72.88 . Currently EURINR is Trading @ 72.08

GBPINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 100.21 / 99.99 / 99.56 . And the upperside, it has Strong Resistance @ 100.65 upperside, it may test Resistance Levels such as 100.86 / 101.30 / 101.52 . Currently GBPINR is Trading @ 100.43

JPYINR ( 26-Jun-15 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 51.47 / 51.36 / 51.18 . And the upperside, it has Strong Resistance @ 51.65 upperside, it may test Resistance Levels such as 51.76 / 51.94 / 52.05 . Currently JPYINR is Trading @ 51.57 

CURRENCY RESEARCH ANALYSIS: 23.Jun.2015

CURRENCY VOLUME ANALYSIS: 23.Jun.2015

SUCCESS IN CURRENCY CORPORATE PACK TODAY: 22.Jun.2015

* JPYINR ACHIEVED OUR FIRST TARGET (Profit 10 Paise)

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FREE CURRENCY STBT (SELL TODAY BUY TOMORROW) TIPS FOR TODAY:22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 
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4:50 PM : Sell USDINR (JUN) SB 63.47 SL 63.5800 Target 63.3700 / 63.2900 / 63.21
4:50 PM : Sell EURINR (JUN) SB 72.00 SL 72.1100 Target 71.9000 / 71.8200 / 71.74
4:50 PM : Sell GBPINR (JUN) SB 100.35 SL 100.4600 Target 100.2500 / 100.1700 / 100.09
4:50 PM : Sell JPYINR (JUN) SB 51.48 SL 51.5900 Target 51.3800 / 51.3000 / 51.22 

FREE CURRENCY BTST (BUY TODAY SELL TOMORROW) TIPS FOR TODAY:22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 
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4:50 PM : Buy USDINR (JUN) SA 63.63 SL 63.5200 Target 63.7300 / 63.8100 / 63.89
4:50 PM : Buy EURINR (JUN) SA 72.16 SL 72.0500 Target 72.2600 / 72.3400 / 72.42
4:50 PM : Buy GBPINR (JUN) SA 100.51 SL 100.4000 Target 100.6100 / 100.6900 / 100.77
4:50 PM : Buy JPYINR (JUN) SA 51.64 SL 51.5300 Target 51.7400 / 51.8200 / 51.90

Free Currency Tips, 10th Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

4:28 PM : Buy USDINR (JUN) SA 63.61 SL 63.50 Target 63.71 / 63.79 / 63.87
4:28 PM : Sell USDINR (JUN) SB 63.45 SL 63.56 Target 63.35 / 63.27 / 63.19
 USDINR (JUN) : INTRADAY TREND : UP SL : 63.53 

4:28 PM : Buy EURINR (JUN) SA 72.17 SL 72.06 Target 72.27 / 72.35 / 72.43
4:28 PM : Sell EURINR (JUN) SB 72.01 SL 72.12 Target 71.91 / 71.83 / 71.75
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.35 

4:28 PM : Buy GBPINR (JUN) SA 100.61 SL 100.50 Target 100.71 / 100.79 / 100.87
4:28 PM : Sell GBPINR (JUN) SB 100.45 SL 100.56 Target 100.35 / 100.27 / 100.19
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 100.86 

4:28 PM : Buy JPYINR (JUN) SA 51.67 SL 51.56 Target 51.77 / 51.85 / 51.93
4:28 PM : Sell JPYINR (JUN) SB 51.51 SL 51.62 Target 51.41 / 51.33 / 51.25
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.68 

Currency Research Tips, 9th Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

4:02 PM : Buy USDINR (JUN) SA 63.70 SL 63.59 Target 63.80 / 63.88 / 63.96
4:02 PM : Sell USDINR (JUN) SB 63.54 SL 63.65 Target 63.44 / 63.36 / 63.28
 USDINR (JUN) : INTRADAY TREND : UP SL : 63.53 

4:02 PM : Buy EURINR (JUN) SA 72.21 SL 72.10 Target 72.31 / 72.39 / 72.47
4:02 PM : Sell EURINR (JUN) SB 72.05 SL 72.16 Target 71.95 / 71.87 / 71.79
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.35 

4:02 PM : Buy GBPINR (JUN) SA 100.72 SL 100.61 Target 100.82 / 100.90 / 100.98
4:02 PM : Sell GBPINR (JUN) SB 100.56 SL 100.67 Target 100.46 / 100.38 / 100.30
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 100.94 

4:02 PM : Buy JPYINR (JUN) SA 51.68 SL 51.57 Target 51.78 / 51.86 / 51.94
4:02 PM : Sell JPYINR (JUN) SB 51.52 SL 51.63 Target 51.42 / 51.34 / 51.26
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.70 

Usdinr Free Tips, 8th Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

3:03 PM : Buy USDINR (JUN) SA 63.68 SL 63.57 Target 63.78 / 63.86 / 63.94
3:03 PM : Sell USDINR (JUN) SB 63.52 SL 63.63 Target 63.42 / 63.34 / 63.26
 USDINR (JUN) : INTRADAY TREND : UP SL : 63.53 

3:03 PM : Buy EURINR (JUN) SA 72.15 SL 72.04 Target 72.25 / 72.33 / 72.41
3:03 PM : Sell EURINR (JUN) SB 71.99 SL 72.10 Target 71.89 / 71.81 / 71.73
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.35 

3:03 PM : Buy GBPINR (JUN) SA 100.81 SL 100.70 Target 100.91 / 100.99 / 101.07
3:03 PM : Sell GBPINR (JUN) SB 100.65 SL 100.76 Target 100.55 / 100.47 / 100.39
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 100.99 

3:03 PM : Buy JPYINR (JUN) SA 51.78 SL 51.67 Target 51.88 / 51.96 / 52.04
3:03 PM : Sell JPYINR (JUN) SB 51.62 SL 51.73 Target 51.52 / 51.44 / 51.36
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.75 

FREE INTEREST RATES FUTURES TIPS: 22.Jun.2015

Interest Rate Futures - RUPEEDESK 
( Paper Trading Practice for Currency Segment Interest Rate Futures (IRF) Bond Futures) 
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2:30 PM : Buy 840GS2024(JUN) SA 103.33 SL 103.22 Target 103.43 / 103.51 / 103.59
2:30 PM : Sell 840GS2024(JUN) SB 103.17 SL 103.28 Target 103.07 / 102.99 / 102.91

2:30 PM : Buy 772GS2025( JUN) SA 100.05 SL 99.94 Target 100.15 / 100.23 / 100.31
2:30 PM : Sell 772GS2025( JUN) SB 99.89 SL 100.00 Target 99.79 / 99.71 / 99.63

2:30 PM : Buy 772GS2025( JUL) SA 100.07 SL 99.96 Target 100.17 / 100.25 / 100.33
2:30 PM : Sell 772GS2025( JUL) SB 99.91 SL 100.02 Target 99.81 / 99.73 / 99.65

2:30 PM : Buy 772GS2025( AUG) SA 99.23 SL 99.12 Target 99.33 / 99.41 / 99.49
2:30 PM : Sell 772GS2025( AUG) SB 99.07 SL 99.18 Target 98.97 / 98.89 / 98.81

Indian Rupee Tips, 7th Session: 22.Jun.2015

FREE CURRENCY TIPS - RUPEEDESK 
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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

2:02 PM : Buy USDINR (JUN) SA 63.65 SL 63.54 Target 63.75 / 63.83 / 63.91
2:02 PM : Sell USDINR (JUN) SB 63.49 SL 63.60 Target 63.39 / 63.31 / 63.23
 USDINR (JUN) : INTRADAY TREND : UP SL : 63.53 

2:02 PM : Buy EURINR (JUN) SA 72.12 SL 72.01 Target 72.22 / 72.30 / 72.38
2:02 PM : Sell EURINR (JUN) SB 71.96 SL 72.07 Target 71.86 / 71.78 / 71.70
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.32 

2:02 PM : Buy GBPINR (JUN) SA 100.88 SL 100.77 Target 100.98 / 101.06 / 101.14
2:02 PM : Sell GBPINR (JUN) SB 100.72 SL 100.83 Target 100.62 / 100.54 / 100.46
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 100.99 

2:02 PM : Buy JPYINR (JUN) SA 51.74 SL 51.63 Target 51.84 / 51.92 / 52.00
2:02 PM : Sell JPYINR (JUN) SB 51.58 SL 51.69 Target 51.48 / 51.40 / 51.32
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.74 

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 22.Jun.2015

RBI REFERENCE RATE

As on 22.Jun.2015 at 12.00Pm Hrs(IST)

USDINR : 63.5098

EURINR : 72.3186

GBPINR : 100.9361
JPYINR  : 51.7300
=======================================================================

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Currency Technicals Calls, 6th Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

1:03 PM : Buy USDINR (JUN) SA 63.65 SL 63.54 Target 63.75 / 63.83 / 63.91
1:03 PM : Sell USDINR (JUN) SB 63.49 SL 63.60 Target 63.39 / 63.31 / 63.23
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 63.58 

1:03 PM : Buy EURINR (JUN) SA 72.23 SL 72.12 Target 72.33 / 72.41 / 72.49
1:03 PM : Sell EURINR (JUN) SB 72.07 SL 72.18 Target 71.97 / 71.89 / 71.81
 EURINR (JUN) : INTRADAY TREND : DOWN SL : 72.24 

1:03 PM : Buy GBPINR (JUN) SA 100.93 SL 100.82 Target 101.03 / 101.11 / 101.19
1:03 PM : Sell GBPINR (JUN) SB 100.77 SL 100.88 Target 100.67 / 100.59 / 100.51
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 101.05 

1:03 PM : Buy JPYINR (JUN) SA 51.75 SL 51.64 Target 51.85 / 51.93 / 52.01
1:03 PM : Sell JPYINR (JUN) SB 51.59 SL 51.70 Target 51.49 / 51.41 / 51.33
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.80 

Forex Trading Calls, 5th Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

12:29 PM : Buy USDINR (JUN) SA 63.62 SL 63.51 Target 63.72 / 63.80 / 63.88
12:29 PM : Sell USDINR (JUN) SB 63.46 SL 63.57 Target 63.36 / 63.28 / 63.20
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 63.58 

12:29 PM : Buy EURINR (JUN) SA 72.38 SL 72.27 Target 72.48 / 72.56 / 72.64
12:29 PM : Sell EURINR (JUN) SB 72.22 SL 72.33 Target 72.12 / 72.04 / 71.96
 EURINR (JUN) : INTRADAY TREND : UP SL : 72.24 

12:29 PM : Buy GBPINR (JUN) SA 101.05 SL 100.94 Target 101.15 / 101.23 / 101.31
12:29 PM : Sell GBPINR (JUN) SB 100.89 SL 101.00 Target 100.79 / 100.71 / 100.63
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 101.05 

12:29 PM : Buy JPYINR (JUN) SA 51.77 SL 51.66 Target 51.87 / 51.95 / 52.03
12:29 PM : Sell JPYINR (JUN) SB 51.61 SL 51.72 Target 51.51 / 51.43 / 51.35
 JPYINR (JUN) : INTRADAY TREND : DOWN SL : 51.80 

Eurinr Intraday Calls, 4th Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

12:05 PM : Buy USDINR (JUN) SA 63.63 SL 63.52 Target 63.73 / 63.81 / 63.89
12:05 PM : Sell USDINR (JUN) SB 63.47 SL 63.58 Target 63.37 / 63.29 / 63.21
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 63.62 

12:05 PM : Buy EURINR (JUN) SA 72.41 SL 72.30 Target 72.51 / 72.59 / 72.67
12:05 PM : Sell EURINR (JUN) SB 72.25 SL 72.36 Target 72.15 / 72.07 / 71.99
 EURINR (JUN) : INTRADAY TREND : UP SL : 72.24 

12:05 PM : Buy GBPINR (JUN) SA 101.04 SL 100.93 Target 101.14 / 101.22 / 101.30
12:05 PM : Sell GBPINR (JUN) SB 100.88 SL 100.99 Target 100.78 / 100.70 / 100.62
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 101.05 

12:05 PM : Buy JPYINR (JUN) SA 51.82 SL 51.71 Target 51.92 / 52.00 / 52.08
12:05 PM : Sell JPYINR (JUN) SB 51.66 SL 51.77 Target 51.56 / 51.48 / 51.40
 JPYINR (JUN) : INTRADAY TREND : UP SL : 51.73 

Hot Currency Calls, 3rd Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

11:02 AM : Buy USDINR (JUN) SA 63.61 SL 63.50 Target 63.71 / 63.79 / 63.87
11:02 AM : Sell USDINR (JUN) SB 63.45 SL 63.56 Target 63.35 / 63.27 / 63.19
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 63.62 

11:02 AM : Buy EURINR (JUN) SA 72.44 SL 72.33 Target 72.54 / 72.62 / 72.70
11:02 AM : Sell EURINR (JUN) SB 72.28 SL 72.39 Target 72.18 / 72.10 / 72.02
 EURINR (JUN) : INTRADAY TREND : UP SL : 72.14 

11:02 AM : Buy GBPINR (JUN) SA 101.05 SL 100.94 Target 101.15 / 101.23 / 101.31
11:02 AM : Sell GBPINR (JUN) SB 100.89 SL 101.00 Target 100.79 / 100.71 / 100.63
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 101.05 

11:02 AM : Buy JPYINR (JUN) SA 51.86 SL 51.75 Target 51.96 / 52.04 / 52.12
11:02 AM : Sell JPYINR (JUN) SB 51.70 SL 51.81 Target 51.60 / 51.52 / 51.44
 JPYINR (JUN) : INTRADAY TREND : UP SL : 51.67 

Online Free Currency Calls, 2nd Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

10:05 AM : Buy USDINR (JUN) SA 63.63 SL 63.52 Target 63.73 / 63.81 / 63.89
10:05 AM : Sell USDINR (JUN) SB 63.47 SL 63.58 Target 63.37 / 63.29 / 63.21
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 63.67 

10:05 AM : Buy EURINR (JUN) SA 72.46 SL 72.35 Target 72.56 / 72.64 / 72.72
10:05 AM : Sell EURINR (JUN) SB 72.30 SL 72.41 Target 72.20 / 72.12 / 72.04
 EURINR (JUN) : INTRADAY TREND : UP SL : 72.03 

10:05 AM : Buy GBPINR (JUN) SA 101.09 SL 100.98 Target 101.19 / 101.27 / 101.35
10:05 AM : Sell GBPINR (JUN) SB 100.93 SL 101.04 Target 100.83 / 100.75 / 100.67
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 101.05 

10:05 AM : Buy JPYINR (JUN) SA 51.89 SL 51.78 Target 51.99 / 52.07 / 52.15
10:05 AM : Sell JPYINR (JUN) SB 51.73 SL 51.84 Target 51.63 / 51.55 / 51.47
 JPYINR (JUN) : INTRADAY TREND : UP SL : 51.63 

Free Mcxsx Currency Tips, 1st Session: 22.Jun.2015

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 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

9:15 AM : Buy USDINR (JUN) SA 63.65 SL 63.54 Target 63.75 / 63.83 / 63.91
9:15 AM : Sell USDINR (JUN) SB 63.49 SL 63.60 Target 63.39 / 63.31 / 63.23
 USDINR (JUN) : INTRADAY TREND : DOWN SL : 63.67 

9:15 AM : Buy EURINR (JUN) SA 72.43 SL 72.32 Target 72.53 / 72.61 / 72.69
9:15 AM : Sell EURINR (JUN) SB 72.27 SL 72.38 Target 72.17 / 72.09 / 72.01
 EURINR (JUN) : INTRADAY TREND : UP SL : 71.98 

9:15 AM : Buy GBPINR (JUN) SA 101.07 SL 100.96 Target 101.17 / 101.25 / 101.33
9:15 AM : Sell GBPINR (JUN) SB 100.91 SL 101.02 Target 100.81 / 100.73 / 100.65
 GBPINR (JUN) : INTRADAY TREND : DOWN SL : 101.05 

9:15 AM : Buy JPYINR (JUN) SA 51.89 SL 51.78 Target 51.99 / 52.07 / 52.15
9:15 AM : Sell JPYINR (JUN) SB 51.73 SL 51.84 Target 51.63 / 51.55 / 51.47
 JPYINR (JUN) : INTRADAY TREND : UP SL : 51.61 

WEEKLY OUTLOOK FOR INDIAN MARKET & SECTORWISE STOCKS FOR THE WEEK 22.Jun.2015 - 26.Jun.2015

Click The Below Links To Read Full Reports

========================================================================

Pharma Stocks Outlook for the week – 22 to 26.06.2015 (Seen continuing their recovery next week)

Automobile Stocks Outlook for the week – 22 to 206.06.2015 (Short covering likely in auto stocks)

Telecom Stocks Outlook for the week – 22 to 26.06.2015 (Stock specific triggers)

Oil Stocks Outlook for the week – 22 to 26.06.2015

Metal Stocks Outlook for the week – 22 to 26.06.2015 (Downward Correction is seen in the sectors)

FMCG Stocks Outlook for the week – 22 to 26.06.2015 (Range bound trade next week)

Bank Stocks Outlook for the week – 22 to 26.06.2015 (Positive bias next week especially private banks)

Capital Goods Stocks Outlook for the week – 22 to 26.06.2015 (Positive consolidation next week)

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Indian Markets Outlook for the week – 22 to 26.06.2015 (Seen positive bias next week ahead of expiry)

( www.rupeedesk.in )  

Equities are likely to trade choppy with a positive bias next week ahead of the June derivatives expiry on Thursday, with a crucial case on minimum alternate tax also coming up for hearing during the period.

We see the hearing of the petition of Scotland-based Aberdeeen Asset Management Co as a crucial trigger for the market. The hearing was adjourned to Jun 22. We believe that equities have corrected more than necessary and is now seeing short covering.

Domestic institutional investors are also buying as compared to their foreign counterparts are selling and this is seen as a positive factor for the stock market. The fall in Chinese equities, though, is seen as a positive for the market. The Chinese market topping out is seen as a good sign for India. Expectation is that FIIs will start buying or at least stop selling. Developments over Greece will also be watched after the European Council President Donald Tusk summoned heads of state and government of the euro area to meet in Brussels on Monday.

We though, expect some profit booking to take place in equities. The Nifty has gained 3% over the week. Fast moving consumer goods companies are seen weak next week as investors continue to be wary about food safety issues and regulatory troubles.

( www.rupeedesk.in )