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Currency Calls

Intraday : Buy USDINR Sa 53.0450 SL 52.9025 Target 53.1225 / 53.1625
Intraday : Short USDINR Sb 52.8750 SL 53.0175 Target 52.7975 / 52.7575

Intraday : Buy EURINR Sa 67.9150 SL 67.7125 Target 68.0125 / 68.0525
Intraday : Short EURINR Sb 67.6625 SL 67.8650 Target 67.5650 / 67.5250

Intraday : Buy GBPINR Sa 82.2600 SL 82.0600 Target 82.3575 / 82.3975
Intraday : Short GBPINR Sb 82.0100 SL 82.2100 Target 81.9125 / 81.8725

Intraday : Buy JPYINR Sa 68.7350 SL 68.5600 Target 68.8325 / 68.8725
Intraday : Short JPYINR Sb 68.5200 SL 68.6950 Target 68.4225 / 68.3825

Currency Calls

Intraday : Long USDINR Enter Above 53.0439 SSL 52.9025 T 53.1339 / 53.1739
Intraday : Short USDINR Enter Below 52.8762 SSL 53.0175 T 52.7862 / 52.7462

Intraday : Long EURINR Enter Above 67.9145 SSL 67.7125 T 68.0145 / 68.0745
Intraday : Short EURINR Enter Below 67.6630 SSL 67.8650 T 67.5630 / 67.5030

Intraday : Long GBPINR Enter Above 82.2580 SSL 82.0600 T 82.3580 / 82.4180
Intraday : Short GBPINR Enter Below 82.0120 SSL 82.2100 T 81.9120 / 81.8520

Intraday : Long JPYINR Enter Above 68.7337 SSL 68.5600 T 68.8337 / 68.8937
Intraday : Short JPYINR Enter Below 68.5213 SSL 68.6950 T 68.4213 / 68.3613

Currency Calls

Intraday : Buy USDINR Sa 53.2834 SL 53.1825 Target 53.3634 / 53.4034
Intraday : Short USDINR Sb 53.1716 SL 53.2725 Target 53.0916 / 53.0516

Intraday : Buy EURINR Sa 68.9139 SL 68.7725 Target 69.0139 / 69.0539
Intraday : Short EURINR Sb 68.7462 SL 68.8875 Target 68.6462 / 68.6062

Intraday : Buy GBPINR Sa 83.1878 SL 83.0100 Target 83.2878 / 83.3278
Intraday : Short GBPINR Sb 82.9697 SL 83.1475 Target 82.8697 / 82.8297

Intraday : Buy JPYINR Sa 69.4340 SL 69.3250 Target 69.5340 / 69.5740
Intraday : Short JPYINR Sb 69.3110 SL 69.4200 Target 69.2110 / 69.1710

Currency Calls

Intraday : Buy USDINR Sa 53.5044 SL 53.4075 Target 53.5844 / 53.6244
Intraday : Short USDINR Sb 53.3981 SL 53.4950 Target 53.3181 / 53.2781

Intraday : Buy EURINR Sa 69.7441 SL 69.5825 Target 69.8441 / 69.8841
Intraday : Short EURINR Sb 69.5484 SL 69.7100 Target 69.4484 / 69.4084

Intraday : Buy GBPINR Sa 83.6803 SL 83.5025 Target 83.7803 / 83.8203
Intraday : Short GBPINR Sb 83.4622 SL 83.6400 Target 83.3622 / 83.3222

Intraday : Buy JPYINR Sa 69.7618 SL 69.5800 Target 69.8618 / 69.9018
Intraday : Short JPYINR Sb 69.5382 SL 69.7200 Target 69.4382 / 69.3982

Nifty rallies past 4700; metals, realty, tech gain

MUMBAI: The National Stock Exchange's Nifty was witnessing buying activity across the board as positive cues from Asian peers boosted sentiments. According to analysts, the market trend seems to be turning bullish for the near term and some more upside may be expected in the next few sessions.

At 11:27 am; the Nifty was at 4729.35, up 92.60 points or 2 per cent. The broader index touched a high of 4732.35 and low of 4675.80 in trade so far.

The Bombay Stock Exchange's Sensex was at 15831.11, up 313.19 points or 2.02 per cent. The 30-share index touched intraday low of 15640.56 and high of 15840.58.

"On the Daily chart, we are observing a long legged Doji. This indicates the prior downside is losing force. In view of the above Doji candlestick pattern, we are of the opinion that if Nifty trades and close above 4652 levels then there is high probability that it may test 4750 - 4800 levels in couple of trading sessions. On the downside, 4587 - 4559 levels may act as support for the day," said Arihant Capital Market report.

BSE Midcap Index was up 1.62 per cent and BSE Smallcap Index moved 1.69 per cent higher.

Amongst the sectoral indices, BSE Metal Index was up 3.32 per cent, BSE Realty Index gained 2.74 per cent, BSE IT Index moved 2.64 per cent higher and BSE Bankex advanced 2.49 per cent.

Coal India (4.66%), Tata Steel (4.25%), Kotak Bank (4.04%), Tata Motors (4.02%) and Sterlite Industries (3.82%) were amongst the major Nifty gainers.

Reliance Industries is embarking on a major diversification into the media and entertainment sector. Its subsidiary will help the promoter group of Network18 fund the rights issues of its two listed entities, Network18 Media and Investments and TV18 Broadcast.

Shares of Reliance Industries were at Rs 719, up 1.70 per cent, Network 18 and Media was locked on 20 per cent upper circuit and TV 18 Broadcast was also locked at 20 per cent upper circuit.

Mahindra & Mahindra (-1.56%), BPCL (-1.27%), Bajaj Auto (-1.13%) and Grasim (-0.24%) were the only index losers.

Market breadth was positive on the NSE with 1148 gainers against 236 losers.

Meanwhile the Asian markets were witnessing a pull-back rally. Hang Seng moved 2.05 per cent higher, Seoul Composite gained 2.52 per cent and Taiwan Weighted moved 1.46 per cent higher.

Currency Calls

Intraday : Buy USDINR Sa 53.5213 SL 53.4325 Target 53.6013 / 53.6413
Intraday : Short USDINR Sb 53.4262 SL 53.5150 Target 53.3462 / 53.3062

Intraday : Buy EURINR Sa 69.4233 SL 69.2900 Target 69.5233 / 69.5633
Intraday : Short EURINR Sb 69.2667 SL 69.4000 Target 69.1667 / 69.1267

Intraday : Buy GBPINR Sa 83.0494 SL 82.9000 Target 83.1494 / 83.1894
Intraday : Short GBPINR Sb 82.8706 SL 83.0200 Target 82.7706 / 82.7306

Intraday : Buy JPYINR Sa 69.6711 SL 69.4650 Target 69.7711 / 69.8111
Intraday : Short JPYINR Sb 69.4139 SL 69.6200 Target 69.3139 / 69.2739