Trading the currency pairs at MCX on 13th September

For currency pairs trading at MCX I give below the pivot points

	EURINR-I	GBPINR-I	JPYINR-I	USDINR-I
R3	71.9275	89.4133	71.6067	55.6783
Mid R3	71.7913	89.3350	71.5088	55.6213
R2	71.6550	89.2567	71.4108	55.5642
Mid R2	71.5750	89.1850	71.3063	55.4988
R1	71.4950	89.1133	71.2017	55.4333
Mid R1	71.3588	89.0350	71.1038	55.3763
Pivot	71.2225	88.9567	71.0058	55.3192
Mid S1	71.1425	88.8850	70.9013	55.2538
S1	71.0625	88.8133	70.7967	55.1883
MID S2	70.9263	88.7350	70.6988	55.1313
S2	70.7900	88.6567	70.6008	55.0742
Mid S3	70.7100	88.5850	70.4963	55.0088
S3	70.6300	88.5133	70.3917	54.9433

The EURO continues to rise and most likely to find new highs. The JPY is weak. May come down. The USD may stage a comeback the GBP  also has shown some strength. The above pivot points should be consulted while taking positions.

Happy trading !!

Trading the Nifty on 13th September

The Nifty outlook for 13th September

 

The nifty has moved along the predicted levels. It had opened above the pivot levels and touched 5435 and closed at 5431. The strength of Nifty is good. What can be expected from here?

If the nifty maintain its bullishness and crosses 5448 then levels of 5460 and 5485 are possible. We have to bear in mind the Nifty may witness some resistance now because it is nearing its previous highs.

On the lower side if it trades below 5420 then it may find support at 5412 and 5400

I give below the pivot levels for 13^th September

                              

                                             

Mid R3      5475   R3          5488

Mid R2      5454   R2          5462

Mid R1      5433   R1          5446

                                             

Pivot          5420                 

                                             

Mid S1       5412   S1          5405

MID S2      5392   S2          5379

Mid S3       5371   S3          5363

Happy trading !!

Currency traing at MCX

For currency pairs trading at MCX I give below the pivot points

 

	EURINR-I	GBPINR-I	JPYINR-I	USDINR-I
R3	71.4350	89.8150	71.3392	55.9175
Mid R3	71.3213	89.5813	71.2388	55.8313
R2	71.2075	89.3475	71.1383	55.7450
Mid R2	71.1425	89.2013	71.0750	55.6950
R1	71.0775	89.0550	71.0117	55.6450
Mid R1	70.9638	88.8213	70.9113	55.5588
Pivot	70.8500	88.5875	70.8108	55.4725
Mid S1	70.7850	88.4413	70.7475	55.4225
S1	70.7200	88.2950	70.6842	55.3725
MID S2	70.6063	88.0613	70.5838	55.2863
S2	70.4925	87.8275	70.4833	55.2000
Mid S3	70.4275	87.6813	70.4200	55.1500
S3	70.3625	87.5350	70.3567	55.1000

All the currencies are trading within short trading range. I believe this is not the time to take short positions in the currency pairs. The Euro’s strength is still seen. and it may have some more value.More trading sessions will give clearer picture of currencies.

Happy trading!