Technical view by Nooresh

USD-INR and Nifty – Is June the next January.

Please find attached a detailed report on USD-INR and Nifty.


In quick words we expect the next few days would be an ideal time to ramp up investments with a long term view.


Expect good reversals from 5000 + – 100 points. But stock specific we believe we are at an excellent buy zone if one is ready to take a medium to long term call.


Check the detailed report –





Will be looking to deploy investible cash in the next 5-7 sessions and ready to see a hit till 4800-4900 on Nifty.


Happy Investing,


Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 10 comments… add one }
  • jignesh May 7, 2012, 17:19

    Dear Sir

    thank you for the above view. I am glad as an importer i am exposed to my Future LC payments of about $5 Million in next comming 3-4months. How should i go taking the best advantage of your view.


    • Nooresh May 8, 2012, 09:46

      USD-INR i expect it to be in a range of 51-55. Not expecting it to go beyond. You can place yourself accordingly

  • vrtika May 7, 2012, 23:00

    sir,for investment which stock is good TATASTEEL or AXIS BANK

  • Saleem May 8, 2012, 14:22

    Dear Nooresh, whats your view on IRB infra? It was falling for the last 5 to 6 sessions but today it is up 5%.

    • Nooresh May 9, 2012, 11:34

      IRB Infra taking a risky buy around 118-120 with a 5 rs stop.

  • gandhe srinivas May 8, 2012, 20:22

    Please share your view on
    Engineers india
    larsen and tobro
    s kumar

    Suggestion for buting

    • Nooresh May 9, 2012, 11:34

      Engineers and LNT can be bought with long term view. Skumars fundamentally lots of value but no performance it can test your patience

  • LJ May 11, 2012, 10:41

    Hi Nooresh,

    When you say USD/INR , are we talking about the RBI reference rate or futures contract?

  • ashish shah May 11, 2012, 14:47

    sir, i invested in sesa goa & gujnre coke for better returns, will both of companies give profits, as fundamentals are good or exit the counters..


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