Thursday 8 August 2013

Dollar update.



Dollar Weekly.




Bank Nifty Daily.


USD and Bank Nifty moved as anticipated.


As mentioned in our previous posts, USD & Bank Nifty moved as anticipated; and reached their respective targets as evident from the charts above.

USD touched a high of 62.11 while Bank Nifty is perfectly moving in the Fibonacci zones. 

As of now, we continue to remain bullish on USD INR as long as 60.71 is intact while the major trend for Bank Nifty shall be on the bearish side. 

A breakout above 62.20 will advance the USD INR till 62.__ as the first target and 63.__ as our T2.
However, Bank Nifty continue to be  negative can further fall down till 9600, if it does not find support at 9820. 

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1 comment:

  1. aditi25 January 2018 at 15:59

    Nifty closed on a negative note today. It is required to learn about market and its updates to trade in an efficient manner and for this they can refer such posts as well. For boosting returns from market traders can try considering trading tips, mcx tips of experts with good market knowledge.

    ReplyDelete

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