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Global View of NTD as on 21st September 2013

All Immediate Good News are out of the system, What Next  ???


Note : Last week all the major policy events happened, one was the FOMC meeting and the other one was RBI meeting. We did not update our report for the previous week, because we were waiting for the changes to come up !!

CURRENCY

USDINR:

According to our previous week analysis, we have achieved our targets of 63.2   [i.e.38.20% retracement] and we even achieved the target of 61.39 [i.e.50% retracement].


USD/INR DAILY CHART



BRENT OIL WEEKLY CHART

OIL : Brent is capped on the upside in range of 112 - 113 and the support level would be 104 - 105.
















(21.09.2013)

























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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