Top technical trading strategies, weak rupee, sensex down & other stories

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	Dated:08 July,2013

Top Headlines Top five technical trading strategies for the week Most analysts expect the Nifty to oscillate in the range of 5,800 to 5,950, while a close below 5805 will bring huge pessimism in the markets. Will Reserve Bank of India cut rates despite weak rupee? A weak rupee exposes the country to external shocks, given the fact that India is depended on capital inflows to fund its CAD. Sensex down 171 points as rupee hits record low The 30-share index started the day on a sluggish note at 19,233.21 as rupee tanked to all-time low of 61.21 against the dollar in morning trade. Views on Stocks/Markets Morgan Stanley starts Havells India at overweight Deutsche cuts BSE Sensex target to 21,000 from 22,500 Market to remain volatile on account of Re weakness: Shashank Khade IPO/Global Markets China off from 2-wk highs HK shares down 1.3 pc Nikkei close down 1.40% Rupee / Gold Gold up 0.33 per cent Rupee hits record low June gold imports decline More 'Market' News Gold import headache to resume after June plunge Gold is second only to crude oil in India's import bill, which the government wants to cut back to ease the current account deficit. Markets don’t expect any rate cut in near future: Nomura "I do not see at this point in time Reserve Bank spending too much of ammunition to control the depreciation." Auto pack may continue to struggle: A Madan, Religare "It is difficult to hold a very long term or a medium-term view on a macro level the way rupee is behaving, the way global markets and the global news flow is coming out."	Market Round-up SENSEX 19324.77 -171.05 NIFTY 5811.55 -56.35 S&P500 1,637.10 5.21 NASDAQ 3,479.38 35.71 USD/INR 61.1040 .00 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 688.89 First Winner Industries L 30.30 + 450.91 Almondz Global Securities 26.90 + 214.62 Parrys Sugar Industries L 52.10 + 148.10 Melstar Information Techn 6.80 + 147.27 NSE Losers Scrip Price(Rs.) %Change Celebrity Fashions Ltd. 2.50 -62.69 Bodhtree Consulting Ltd. 16.25 -42.98 Money Matters Financial S 107.05 -36.26 IMP Powers Ltd. 26.50 -32.05 Sambhaav Media Ltd. 1.05 -30.00

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