IMV FOREX UPDATE
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Indian Market View (Finaux Alpha 6 Investment Advisor Pvt. Ltd.). We are a SEBI registered Investment adviser.

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➡️ Major Currency pairs update (12th May 2020)

Rupee slipped on Coronavirus threat 💸

Read technical support and resistance levels of Dollar Index, EURUSD, USDINR, and other currency pairs. 👇👇

Link - https://indianmarketview.com/rupee-slipped-on-coronavirus-threat/
Big Shots- Indian Market View

✍️ Total Stimulus Package is now worth ₹20 lac crore which is approx 10% of India's GDP

✍️SGX Nifty future skyrocketed and trading around 9550 (IST 11:05 PM)

✍️FII INVESTED 20000 cr in last 4 trading sessions. On 7th May 2020, FII net buying was 19056 cr (Approx)

✍️Today's statement may boost Indian economy as prime minister Mr. Narendra Modi restarted Swadeshi Movement

✍️Statements of FM will be very important in determining the direction of the market. The enthusiasm of the people has increased with today's statement but curiosity is still remaining.

✍️MSME sector will get a boost, with which the government is ready to create new employment opportunities.

✍️Supply chain which everyone is ignoring, supply chain will play a very big role. Don't miss to invest.

✍️If India becomes the next manufacturing hub then we will see tremendous growth in power sector

✍️If everything goes as expected, then in the coming days we will see an upsurge in financial stocks as well.

✍️Don't miss to invest in consumption stocks.

✍️Due to Covid-19, problem remain continue in tourism for time being. Therefore, this is not the right time to invest in tourism and hotel sector stocks.

✍️Still we are not sure about media stocks.

✍️Realty and Infra stocks may turn positive but we will wait for clarity in the stimulus package and direction of the government.

✍️We love IT stocks in this digital era

✍️We are not interested in petroleum stocks except Reliance Industries

✍️Again... Don't miss to invest in Agri commodities

✍️INR will appreciate for next 3---4 trading session.

✍️Many people are relieved with a little bit of relief and despair. Picture still left, Lockdown 4.0

For more details, Be in touch with Indian Market View🙏🙏

https://indianmarketview.com/stimulus-package-2-big-shots-indian-market-view/
💱 Stimulus package of 20 lac cr pushed INR higher 💶💶

Now, check out our currency levels and prepare your trading strategy accordingly

Click on the link and find out technical support and resistance levels of Dollar Index, EURUSD, USDINR, and other currency pairs. 👇👇

Link - https://indianmarketview.com/stimulus-package-of-20-lac-cr-pushed-inr-higher/





Team Indian Market View
EURJPY 💸💸

EURJPY took resistance from 116.850 and turned around.

EURJPY just broke its major support level of 116.150, if it will manage to sustain below it, then we can expect a sharp downside move till 115.250---114.650 levels.

Stop loss to be maintained above 116.850.

Sell it on rise!

Trade with levels only.
COMEX Gold (Spot level)

Gold has been trading in a range since last several days and facing trouble on giving close below $1680.

Now, Gold has its immediate support at $1690 and resistance at $1711.

Break and sustain below $1690 will see downside panic till $1680--$1670. More and more downside panic will do if it manages to give close below $1670 on the daily chart.

On the other hand, If it manages to break above $1711 then we can expect a dead cat bounce till $1720--$1725 levels. More and more upside rally will do on a close above $1725 level.

Trade with the levels only.
NYMEX Crude oil

Crude oil has been trading in a range since last five days with a positive sentiment.

Now, Crude oil has its immediate support at $24.50 and resistance at $27.00.

Break and sustain above $27.00 will take it to $29.50--$30.00 or else test its support again.

On the hand, If it manages to break its support level of $24.50 then we can expect correction till $22.50--$22.00 levels.

Fresh selling will do on a close $22.00 level on a daily basis.
Trade with the levels only.
Our sell recommendation in Palladium Futures crashed vertically...

From 1850---1790. Gain of 60 points i.e 1200 ticks..🎯🎯

A move of $6,000.👍👍

Still holding short for our further target.

Want to know more about our international levels package?

Contact your RM now! or +91-8744868888
Another sell recommendation in DAX Futures crashed vertically...

From 10580---10480. Gain of 100 points.🎯🎯

A move of more than $2500.👍👍


Now, what to expect???

Support at 10400. Break and close below 10400 will see more downside panic till 10250---10080.

Immediate hurdle at 10625
Alert: Don't jump to buy global Indices like DAX, S&P500, FTSE100, CAC 40 and Nasdaq for time being

We will see sharp downside panic in days to come.

Yesterday's high will be crucial in all above recommended Indices.

Sharp upside rally will be selling opportunity in it. If any reversal seems in the market then surely we will update.

For more details, keep in touch with Indian Market View
Dow Jones 30 Futures

Dow Jones crashed vertically as it couldn't sustain at higher levels.

Now what to expect?

It just broke its support levels of 23200, if it will manage to give a close below it, then we can see a continuous downside move till 22700---22250 levels.

Immediate resistance is seen at 23800.

Trade with levels only.
💱 Major Currency pairs update (14th May 2020) 💸💸

Currency depreciates on Coronavirus threat

Read technical support and resistance levels of Dollar Index, EURUSD, USDINR, and other currency pairs. 👇👇

Link - https://indianmarketview.com/currency-depreciates-on-coronavirus-threat/



Team Indian Market View
COMEX Copper

Support at $2.320 and resistance at $2.387.

Below $2.329 could test $2.255---$2.200 or else it could test its resistance again.

Fresh buying will do on a close above $2.387.

Trade with the levels only.
💰💰 Minted tonnes on money in our sell call of DAX Futures again...

It crashed vertically from 10450---10310. Gain of 140 points!

A move of more than $4000

Do not jump to buy international indices as the trend looks weak.
✍️ Global markets are in free fall mode

✍️ Bullions skyrocketed✈️✈️✈️

✍️ Tonnnesss of money minted from our subscribers.

Are you still thinking for better one???🌀🌀🌀

Don't Miss to Subscribe Call us Now +91-7065111166
💱 Major Currency pairs update (15th May 2020)

⚠️ High volatility in Rupee amid uncertainties

Read technical support and resistance levels of Dollar Index, EURUSD, USDINR, and other currency pairs. 👇👇

Link - https://indianmarketview.com/high-volatility-in-rupee-amid-uncertainties/




Team Indian Market View
Gold prices hit its all-time high level at $1752.13 on Friday

Now, what next can happen in XAU/USD (International Gold)

Click on the link and read weekly support & resistance levels of XAU/USD, Copper Futures and Brent Oil Futures 👇👇

https://indianmarketview.com/technical-levels-of-xauusd-copper-futures-brent-oil/




Indian Market View
Big Shots- Indian Market View

✍️Bullion rallied because of US-CHINA tension. Any sharp downside panic will be buying opportunity in it.

✍️Global conditions are tough because of pandemic.

✍️Even if a vaccine is created, recovering the economy will not be so easy.

✍️Chances are bright that Gold will cross $1900 in the year 2020.

✍️And Silver will cross 2100 cents in the year 2020

✍️Copper... Support at 398---395 and resistance at 405---414

✍️Crude oil skyrocketed. Target intact ₹2500.

✍️As expected INR slipped from upper levels. Target intact 81.00 in USDINR. Maintain stop loss of 74.50

✍️Nifty future is at make or break levels. Maximum pain is at 9300 mark.

✍️Last week, FII was the net seller in Indian stock market

✍️8700 will act as major support in Nifty future.

✍️Stocks may remain sluggish for 1---3 days, but be careful at lower levels.

✍️Media stock may collapse

✍️ Concentrate on consumption and IT stocks

✍️Financial and auto stocks will remain in the watch list

✍️Keep investing in Agri Commodities

✍️DOW is trading in a range of 22500---25000. Be cautious at lower levels.

✍️The dollar index is expected to remain strong and dominate other currencies.

✍️EURUSD stuck within a range. Either side break or close with volume will decide further.

✍️BITCOIN... Anytime we will see selling pressure in it.

✍️WTI Crude oil may fill the gap soon. Target looks $40+++

✍️MCX commodity margins are high, difficult for retail traders

✍️Keep an eye on FOMC meeting minutes and US Philly Fed Manufacturing Index data

https://indianmarketview.com/big-shots-by-indian-market-view/

Read our blog on a daily basis...More will update during market hours. So be in touch with Indian Market View. Your satisfaction is important to us.
It's time to grab Platinum.

Target looks $1000++++

Stop loss below $825
👥 Dear followers,

Our today's major currency pairs update (18th May 2020)

Click on the link and read our today's fresh blog post👇👇

Link - https://indianmarketview.com/rupee-is-continuously-moving-lower/

Are you reading and enjoying our daily technical levels on our blog post ?? 🤔

If you have any query then feel free to ask directly with your RM





Team Indian Market View