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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Equity Buy/Sell (Technical View)
Ø Short term investors should watch Nifty for guidance before investment. Medium term/long term investors can make investments ( at least partially) near supports indicated earlier.
CURRENCY: Rupee vs USD
Ø We had mentioned that there is strong resistance around 47/75 levels. Intra-day, it touched a high of 47/7575 ( in MCX, apart from a freak high of 48/50) before reacting slightly to close at 47/6775. One has to watch out for 47/75 levels. If it is crossed comfortably, Rupee will weaken further.
COMMODITIES:
Ø Both gold and silver are presently in sideways mode. Risk averse should wait for a break out of the range. Gold has to move out of 28300-400 band and silver 67000 for further strength. Long term/medium term investors can accumulate near the supports already mentioned.
Have strict stop losses
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