Dollar Intraday Trends and Levels for today 16 June

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The Dollar is weakening against Indian Rupee .Currently Dollar is moving sideways The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the USDINR above 46.15 or buy with strict stop at 44.57. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in SELL position

DOLLAR SUPPORT AND RESISTANCE

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Support for USDINR is 44.66-.Resistance for the USDINR is 45.1-45.14-45.21-45.25-45.31-45.45-

DOLLAR TREND WITH OTHER CURRENCY

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In medium term Dollar is relatively strengthening against Yen- In long term Dollar is relatively strengthening against Yen- Euro- Pound- 

SHORT TERM TREND OF DOLLAR

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Currently USDINR is in HOLD LONG position USDINR is in sideways and sellers was at high so for short term better buy above 45.062 or hold with stop at 44.775 The next resistance will be at 45.035 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level

DOLLAR LEVEL FOR TODAY

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Buy is advised only above 45.062 with a stop at 44.733 Below 44.683 go for sell and put stop at 45.012 

Nifty and Bank Nifty Levels for tomorrow 16 June

The Nifty Index today opened with negative bias and closed down by 53 points which was near its day low. Selling Pressure in banking and Reality sectors due to hike of 25 basis points expected in monetary credit policy due on Thursday became the main reason of this drag out.

The Nifty futures closed and settled finally at 5452.65 down by -63.15 points or -1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5435 else above resistance level of 5505 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5630 mark. SUPPORT: It has first support close to the level of 5435 & below this level the next support is seen near 5310 mark.

In banking, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Bank lead the row.

BANK NIFTY FUTURES FOR TOMORROW 16 JUNE 2011:-

Bank Nifty Futures shut stop at 10633 down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10330 marks.

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• MUSTARDSEED (MAY):TREND Bearish R 2 2831 R 1 2777 S 1 2700 S 2 2650 STRATEGY Sell on higher Levels
• GUR (JUL) :TREND Consolidate RESISTANCE 2 1095 RESISTANCE 1 1080 SUPPORT 1 1035 SUPPORT 2 1015 STRATEGY Buy on lower Levels
• PEPPER (MAY):TREND Bullish R 2 29175 R 1 28867 S 1 28070 S 2 27665 STRATEGY Buy on lower Levels
• JEERA (MAY):TREND Bearish RESISTANCE 2 15315 RESISTANCE 1 15010 SUPPORT 1 14465 SUPPORT 2 14160 STRATEGY Sell on higher Levels
• CHANA (MAY):TREND Bearish R 2 2393 R 1 2353 S 1 2265 S 2 2220 STRATEGY Sell on higher Levels
• GUARSEED (MAY):TREND Consolidate RESISTANCE 2 3150 RESISTANCE 1 3100 SUPPORT 1 3000 SUPPORT 2 2922 STRATEGY Buy on lower Levels
• TURMERIC (MAY):TREND Consolidate R 2 9380 R 1 9200 S 1 8860 S 2 8698 STRATEGY Sell on higher Levels
• SOYBEAN (MAY):TREND Consolidate R 2 2500 R 1 2460 S 1 2380 S 2 2340 STRATEGY Sell on higher Levels
• NICKEL (APR):TREND Consolidate R 2 1290 R 1 1230 S 1 1150 S 2 1086 STRATEGY Buy on dips
• ZINC (APR):TREND Consolidate RESISTANCE 2 105.35 RESISTANCE 1 102.95 SUPPORT 1 97.75 SUPPORT 2 95.75 STRATEGY Buy on dips
• LEAD (APR):TREND Consolidate RESISTANCE 2 121.05 RESISTANCE 1 118.75 SUPPORT 1 112.70 SUPPORT 2 108.75 STRATEGY Buy on dips