Skip to main content

STOCK MARKET NEWS FOREX

By
•The euro fell against the dollar and yen on
Wednesday after Italian borrowing costs rose at a
bond auction and with investors looking for more
gains in the U.S. currency if retail sales there showed
a strong reading.
•The yen rose for a second straight day on
Wednesday, trading above a 3-1/2-year low versus
the dollar, helped by a bout of profit taking by
investors who had placed hefty bets against it
recently.
USDINR Intraday Chart (Spot)
Spot USDINR closed at 54.30 Vs previous closing of 54.17, a gain of
13 paise (0.23%), the corresponding march future closed at 54.49.
In today's trade USD have shown good upward movement from
lower level to close near day's high. The spot USDINR closed
almost around 10DMA, the trend is marginally positive. The pivot
now stands at 54.42, traders may initiate long around pivot with
stop at 54.31 and target of 54.55.
S1 S2 R1 R2
54.31 54.14 54.60 54.71
Forex Prices
LTP % Chg.
USD INR (Spot) 54.3063 -0.21
EUR INR 70.5946 -0.12
JPY INR 56.6700 -0.44
GBP INR 87.7638 -0.19
Economic Releases
Events Release Time Forecast Previous
US Unemployment Claims 6.00PM 352K 340K
RBI Reference Rate
USD EUR GBP JPY
54.1100 70.5545 80.8376 56.5300
Market Watch
Indices LTP % Chg.
NIFTY 5851.20 -1.06
SENSEX 19362.55 -1.03
Visit Us : www.technotrades.biz
Contact Us : +91-9958406102

Comments

Post a Comment

Popular posts from this blog

SUPPORT AND RESISTENCE IN STOCK MARKET

By
In stock market , support and Resistance symbolizes key junctures where the forces of supply and demand meet.   Prices are driven by excessive supply (down) and demand (up).   Thus technical analysis is very much important in the wake of knowing buy/sell signal .   Supply is synonymous with bearish, bears and selling.   Demand is synonymous with bullish, bulls and buying.   These terms are used interchangeably throughout this and other articles.   As demand increase, prices advance and as supply increases, prices decline.   When supply and demand are equal, prices move sideways as bulls and bears slug it out for control. SUPPORT ? Support is the price level at which demand is thought to be strong enough to prevent the price from decline further.   The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined be it intraday or delivery.   The intraday trading software can make out a p...
Post a Comment
Read more

TRADE EXIT STARTEGY IN DAY TRADING

By
My Exit Beliefs In part one of this article, we considered a few questions: Should we use a tight stop loss to cut any losses quickly, or a wide stop loss to allow some room to move? How quickly should we move the stop loss to breakeven ? Should we take profits at a target, or should we let the profits run, perhaps trailing a stop behind the price? In attempting to answer these questions we looked at a number of charts, we chose entry criteria, and then looked at possible options for the exit. And this is what we discovered: Firstly, in each case, the profit or loss taken out of the trade was more a result of our chosen stop and exit method, not our entry. For the same entry, there were numerous possible exits, some profitable, some breakeven and some at a loss. And secondly, we cannot know, except with hindsight, what will be the most profitable exit strategy for that particular trade. In other words - the exit is more important than the entry. The exit has more bearing on w...
Post a Comment
Read more

NIFTY AND STOCKS RESEARCH

By
Indian indices ended marginally higher at 5347.90, up by 27.50 points or 0.52%, market opened on the cautious note following the warnings from Fitch for a possible downgrade of India's credit rating and lack of positive cues from Asian peers. However, Market gained momentum in late trading hours after value buying in index heavy weights. Nifty has formed a big Bullish candle on daily charts closing almost at the high of the day, index holding its supporting trend line indicating that short term uptrend is still intact and Nifty finds buying support at lower levels. However, Nifty closed at tab below it major resistance zone of 5,360‐5,380. In the coming session, sustaining above the 5,380 mark will see follow up buying towards 5420‐5460. Failure to make headway above 5,360‐5,380 will see the index react lower towards the support placed around 5300. Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,330. First resistance for the Nifty is 5,...
Post a Comment
Read more