Aug 9, 2010
Morning everyone.. bad US data.. and dollar weakened as per expectation.. euro was held at botom of teh range given on Friday at 1.3160 and rallie dmassivelly after teh data.. expect bidding to contnue.. range expect 1.3240-1.3340 fro teh day.. keep buying dips..
GBp.. same story contnues.. but dips.. expect to play in range of 1.5900-1.6000.. break of 1.6 shud propel it towards 1.6150..
USd/JPy.. fell closer towards 85.00.. a psychological level and with lots of options strikes below it.. some support is expected at these levels.. but styay short for eventual break below it.. range expect 85.00-85.60/...
INR.. achieved target of 45.98 and came back up hugely on back of importer demand and short covering.. range expect 45.98-46.25 for teh day.. break on eitehr side.. and expect a 20-25 paisa move in that direction.. biased to sell upticks..
Nifty.. long as of friday.. with s/l at mentioned..
happy hunting.. :thumb:
Mondays were created by god as a punishment to mankind...