6 Aug 2010
morning everyone..
markets contnued to be range bound again yesterday ahead of data realse from US today evening.. bad unemployyment figures prompted some dollar selling but profit taking emerged soon..
expect range bound trading to continue for today.. atill US non farm pay rolls release 6.00 pm IST.
Euro range 1.3160-1.3230.. nest support of yesterday's ay 1.3125 and resistance at 1.3275.. biased to buy dips..
GBp.. again range play.. 1.5830/1.5960.. bias remains for intraday buy on dips
JPY.. fell short of target of 85.50 but saw low of 85.68 in US session.. use upticks to sell usd/jpy.. expect range 85.80-86.30 for teh session.. keep short for evenyual break below 85.00
INR.. 46.10-25 range play for a while.. breaks eitehr side.. go short or long.. fro at elast 20 paisa play eitehr way.. however.. sitting short for on hopes we will see eventual break below 200 MA of 46.10.. will add shorts at 46.08.. target 45.95..
Nifty.. would like to go long at 5435.. first target 5475,.. second target 5525.. s/l velow 5410..
TGIF
:clap: