Weekly FOREX Outlook - 19th Nov to 23rd Nov 18

Technical based Trading and investment call 

Entry- Exit Trend Reversal+ Proper Stop loss

SYMBOL	PIVOT	RANGE	S1	S2	R1	R2
USDINR	72.25	1.16	71.52	71.35	73.23	73.40
EURINR	81.97	1.29	81.20	81.01	83.10	83.29
JPYINR	63.71	0.72	63.24	63.13	64.29	64.40
GBPINR	92.89	2.60	91.28	90.90	95.10	95.48

USDINR – NSE FUTURE

USDINR continue in down trend, also seen our last week predicted price 71.80, and made as a same low of 71.7925 (closed at 71.99).

Now USDINR looking in correction mode and can trade between strong support and resistance range of 71.80-73.00

Trading View

For short: - we can make short position If INR gives closing below 71.75 in daily chart, with stop loss 20-30 point.

Weekly Equity Report - 5 Nov to 9th Nov 2018 | Zoid Research

NIFTY (SPOT) @ 10553

Nifty this week given close around 10553 with big bullish candle, this week it given close

end of day with +172 points, due to positive global market sentiments and short covering

move, this week is it given positive close but upside it has strong resistance around 10750-

10980 and it has weekly trend decider level is 10393 if it close below then more downside

fall we will see in upcoming day’s so don’t carry heavy position in portfolio downside it will

be test 10180-9800 so be cautious on higher levels, keep close watch on given levels and

global market updates watch out.

BANK @ 25701

Nifty Bank this week given close around 25701 with big bullish candle due to short

covering move and some positive buying but don’t hurry for fresh buying keep close watch

global market update, upside it has first resistance around 26230-26770 and it has weekly

trend decider level is 25320, if it close below then more downside fall possible so be

cautious on higher levels, this week it given close with bullish candle due to short covering

move, so keep close watch on given levels, watch out.

TREND DECIDER THIS WEEK 25320

JUSTIFICATION

ASHOKLYD FUT had been framed a HEAD AND SHOULDER pattern in weekly chart also share trading at major resistance level 119. we have recommended ashoklyd future sell on rise with target 113 to 105 and strong resistance level is 123.90.

JUSTIFICATION

CANBK FUTURE trading at major weekly resistance level 244.90 .Also trading below SMA 50 days. We have recommend sell on rise ( 259 TO 265 ) strategy with target 220 to 199 level and there is strong resistance level 293.45. 

JUSTIFICATION

This week ADANIPOWER given close around 49.85 with big bullish candle due to heavy short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 45-45.5 and keep stop loss of 39 below on closing basis upside it will be test 55-60+ watch out.

JUSTIFICATION

This week ITC given close around 283+ with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 279-280 and keep stop loss of 274.8 below on closing basis upside it will be test 288-294 watch out. 

WEEKLY RECOMMENDATIONS:

WEEKLY OPTION RECOMMENDATIONS:

Equity Weekly Report - 29 Oct to 2nd Nov 18 | Zoid Research

NIFTY (SPOT) @ 10030

Nifty this week given close around 10030 with big bearish candle, and this week we saw it

continue facing huge selling pressure due to fresh short and highly volatile global market

uncertainty, this week it break that important support level of 10100 and given close

around 10030, it has important resistance around 10280-10300 and downside it will be

test 9885-9745 and below also, so don’t hurry about buy sell on rise strategy only don’t go

for aggressive long side watch out. 

BANK @ 24421 

Nifty Bank this week given close around 24421 with big bearish candle, this week it

continue facing selling pressure due to profit booking on higher levels, this week it not able

to cross resistance level of 25500 and in last trading session it given close below important

support level of 24500 below, sell on rise only don’t go for aggressive buy side downside it

will be test 24000 and below levels upside it has first resistance around 25160-25500 + on

closing basis this week trend decider level is 24750-24760 keep close watch when it come

go for short sell with same given stop loss watch out.

TREND DECIDER THIS WEEK 24759

JUSTIFICATION

This week RELCAPITAL given close around 225.25 with big bearish candle due to heavy short sell form resistance levels, in weekly chart it break that all important support levels and continue facing selling pressure sell on rise strategy best selling around 230-232 keep stop loss of 242+ on closing basis downside it will be test 216-208 below watch out.

JUSTIFICATION

On weekly chart AXIS BANK this week given close with big bearish candle around 540, due to 

profit booking on resistance levels, sell on rise only don’t go for buy side sell on rise around 

550-552 keep stop loss around 568+ on closing basis downside it will be test 525-510 below 

watch out.

JUSTIFICATION

This week BHARATFIN given close around 875 with big bearish candle due to heavy short sell form resistance levels, in weekly chart it break that all important support levels and continue facing selling pressure sell on rise strategy only for daily basis, weekly important resistance around 950 levels and downside it will be test 835-800 below also watch out.

JUSTIFICATION

SBIN in weekly given breakdown and given close with bearish candle around 248, don’t go for aggressive by side on the weekly basis we expected more downside fall we will see in upcoming days it has good selling level on weekly basis around 252-253 and it has first resistance around 260 on closing basis downside it will be test around 242-235 watch out.

WEEKLY RECOMMENDATIONS:

 WEEKLY OPTION RECOMMENDATIONS: