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DGCX INRUSD

INR: on 28^th of Aug’13 hopelessly in DGCX INRUSD met the target of last post of 19^th Aug’13(likely-un-likely) by hitting a low of 142.63, while in national exchanges hits record 69.80 for current contract.

A strong suspicion for the sharp weakness of INR will never be revealed.



USDINR sept'13 contract

After the sharp weakness in INR, on Fri, 6^th Sept’13, 

some confirmation for near term correction (reversal?) with a double top confirmation in USDINR which was kept undecided on previous day. From here a near term target can expect 63-62.70 area at the same time need to stay cautious of any odd, developing in background which can put water on optimism.



USDINR spot



heading where:

HAPPY REPUBLIC DAY

Market after FOMC:

As per my last thought posted here its going fine till now. USDINR about to reach final target for now.

Cude oil:  yet to make a leap rather retested the support of $77.50/70 area and now seems getting ready for a very near term breakout above $101.50 area(settlement to watch) and again res of $103.8/104 will be the challenged to breached for a shoot up for possible target towards $115 (marked as*) followed by a mild res $104.80/105.20 and $108, $111.

Spread option is still looking fine . its within 12.3 to 10 till now.    

SPREAD OPTION: BUY $SWEET, SELL $BRENT

DOW(spot): 2011 high is now  facing the challenge.

GOLD: this move was due and given a solid breakout last night and pointing towards $1765, $1800, $1834/40. staying above and steadyness will challenge the record high.

SILVER: it was outshining gold for last few days. now to face res $33.70 and $35.50. breakout area as per continuation basis and spot basis is comming $36.50.

COPPER: Dr is supported abov $3.75, res $4.02, $4.20 and a range can consider within $3.75 to $4.20.

** market is risk, volatility making it riskier.