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WEEKLY REPORT

EUPHORIA TURN INTO PESSIMISM  


GLOBAL CURRENCY VIEW FOR THE WEEK


(US DOLLAR INDEX)


WEEKLY OUTLOOK:
Week on week US DOLLAR INDEX has given a flat close after hitting a new high of 95.85. We are seeing rally to exhaust in near term and any close below level of 93 we will see reversal in US DOLLAR INDEX. Upper side capped at the levels of 96 for coming week.  

(EUR/USD)

WEEKLY OUTLOOK:
After six week of negative close EUR/USD given a positive close of 1.1287 last week. Small early reversal seen in EUR/USD. We have to watch closely the level of 1.1550. Any decisive close above 1.1550, we can see the level of 1.18 in near term.

(USD/JPY)


WEEKLY OUTLOOK: From the level of 120.50 USD/JPY is in supply zone. Upper side is capped at 119.70/120 levels. USD/JPY also broke the important level of 118.60 with huge monthly reversal. In coming week we can see the levels of 112.50 if it breaks the level of 115.50 decisively.




(USD/RUB)

WEEKLY OUTLOOK: Week on week USD/RUB has given a positive close. Though RUSSIAN central bank cuts the interest rate by 2% we are expecting USD/RUB to reverse from these levels as BRENT CRUDE has bottomed out. Coming week we are seeing USD/RUB to reverse below the levels of 63.80. We can see USD/RUB to touch the level of 60 in near term.


CNX NIFTY (DAILY CHART)



CNXMIDCAP (WEEKLY CHART)

CNXMIDCAP VIEW FOR THE WEEK

WEEKLY OUTLOOK:  Compare to main indices we see CNX Midcap is outperformed last week and given a positive close of 13124.10. We are continue with our target of 13650 in CNX Midcap.12800 is a strong support level in CNX Midcap.












CNXSMALLCAP VIEW FOR THE WEEK

WEEKLY OUTLOOK: 
Week on week CNX Smallcap has given flat to negative close of 5464.55.We advise to maintain strict stop loss of 5389 in CNX Small cap for a target of 5650 in coming week.








GOLD VIEW FOR THE WEEK

WEEKLY OUTLOOK:  After forming a base near 1165 in international market the uptrend is continue in gold with huge volatility. We are continue with our target of 1365 in near term.1230/1220 is a strong support levels in gold.

SILVER VIEW FOR THE WEEK

WEEKLY OUTLOOK:
We have almost achieved our 2nd target of 18.65 in silver last week .Uptrend in silver will continue in future also with huge volatility .16.70/16.80 is strong support levels in silver.




DOW JONES VIEW FOR THE WEEK

WEEKLY OUTLOOK: Last week we had  mentioned 17800 is an important resistance level in Dow Jones .We saw huge supply in Dow Jones from the level of 17800 and it has also broken the important level of 17200.Next week we can see Dow to touch the level of 16800.


{31 January 2015}

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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