USD/INR Spot:
3M dollars has moved nicely from sell zone of 52.75-53.25 (high of 52.84) into buy zone of 52.25-51.75 (low of 51.98). This has pushed spot dollar from below the sell zone of 51.85-52.00 (high of 51.80) into below 51 (current at 50.93). Greed and fear has come into play. Importers getting greedy to look for lower spot and fear from exporters having missed selling at higher levels. Let us stay aside for now and watch RBI's action to arrest extended rupee gains below 51 and to get the focus back into consolidation play at 51-52.
EUR/USD:
EUR/USD has moved from 1.2650-1.2550 support zone close into sell window of 1.2750-1.2825. No change in view as EUR gains will stay limted ahead of 1.2850 for push back into 1.2550
10Y Bond:
Perfect call as initial gains into sell zone of 8.14-8.11% (low of 8.13%) held well to hit t/p of 8.24% and looks good to get into our buy zone of 8.26-8.29%.
NIFTY:
Looks good for extension into 4950-5000. No impact from rating downgrade news from Euro zone. These weak news are largely discounted and postive domestic cues (rate cut trigger on 24th Jan) supports stock market. Now, 4850-5150 range seems to be ok.
Good luck............Moses Harding
3M dollars has moved nicely from sell zone of 52.75-53.25 (high of 52.84) into buy zone of 52.25-51.75 (low of 51.98). This has pushed spot dollar from below the sell zone of 51.85-52.00 (high of 51.80) into below 51 (current at 50.93). Greed and fear has come into play. Importers getting greedy to look for lower spot and fear from exporters having missed selling at higher levels. Let us stay aside for now and watch RBI's action to arrest extended rupee gains below 51 and to get the focus back into consolidation play at 51-52.
EUR/USD:
EUR/USD has moved from 1.2650-1.2550 support zone close into sell window of 1.2750-1.2825. No change in view as EUR gains will stay limted ahead of 1.2850 for push back into 1.2550
10Y Bond:
Perfect call as initial gains into sell zone of 8.14-8.11% (low of 8.13%) held well to hit t/p of 8.24% and looks good to get into our buy zone of 8.26-8.29%.
NIFTY:
Looks good for extension into 4950-5000. No impact from rating downgrade news from Euro zone. These weak news are largely discounted and postive domestic cues (rate cut trigger on 24th Jan) supports stock market. Now, 4850-5150 range seems to be ok.
Good luck............Moses Harding
No comments:
Post a Comment