Nifty out look for short term

Nifty after reverting from higher level of 5170 is taking support of 4800 sustain trading below 4800 will bring to 4660 - 4500 - 4350 level on lower side.. resistance of 4950 should hold on closing basis.

GBPUSD outlook for Short term 3rd Oct 2011

GBPUSD CMP is 1.5420 : GBPUSD is expect to continue the down trend in market where on lower side immediate support is seen at 1.5300 and if sustain trading is seen below 1.5300 will bring to 1.5180 - 1.5050 level on lower side, resistance of 1.5600 is seen on closing basis. we maintain bearish outlook for short term.

EURUSD outlook for Short term 3rd Oct 2011

EURUSD CMP is 1.3210 : EURUSD has broken the strong support level of 1.3400 with gap down opening indicating down trend to continue and its expected to test the level of 1.3100 and 1.2900 in near term.

INDIAN Market over view 4th Oct 2011

Nifty CMP is 4860 resistance @# 4890 can move and test 4830 - 4800 - 4760 level in near term.

USDINR CMP is 49.43 MCX-SX expected to test 49.8 level : RBI intervention is seen at 49.9 - 50 level .. expect to test 52 shortly till the time 48.2 holds on closing basis.

Bullion's Outlook 4th Oct 2011

Gold CMP is 1674$ :: resistance is seen at 1680 and if fails to cross the same will move to test the level of 1666 - 1660 - 1654 level on lower side.

Silver CMP is 31.14$ :: Resistance is seen at 31.50$ and till the time its trading below the same resistance level its expected to test 30.80 to 30.55$ on lower side.

we maintain bearish view on both crossover above resistance level will only hamper the bearish outlook for short term.