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GEPL Capital

Published on 6/12/2019 2:44:15 PM

UPDATE BUY GBPINR EXIT AT 93.86 CALL GIVEN AT 94.00 

SEBI Registration number is INH000000081.
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Tradebulls Securities (P) Ltd

Published on 6/12/2019 2:27:19 PM

(CurrencyDesk) Intraday call:-Book Full profit in USDINR at 71.56, TGT Achieved, long given at 71.42 (Tradebulls Research Desk)

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Tradebulls Securities (P) Ltd

Published on 6/12/2019 1:03:11 PM

(CurrencyDesk) Intraday call:-Book part profit in USDINR at 71.4975-71.5025 and trail Sl to cost (Tradebulls Research Desk)

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Choice International Ltd

Published on 6/12/2019 11:20:06 AM

EURINR

Technical View:

* The EURINR closed in a negative note and fell by 0.19% during its previous trading session.

* On the daily timeframe, the pair has faced resistance of the upper “Bollinger Band” which signals bearishness in the near term.

* Moreover, the pair’s Heikin Ashi candle has turned red which indicates that bears have gained strength.

* Additionally, the pair’s Stochastic (6) has made a negative crossover which indicates control to the bears.

* So based on the above technical structure, we expect a bearish move in EURINR towards 79.11 level.

Click Here - https://bit.ly/2DPB9cv

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Choice International Ltd

Published on 6/12/2019 11:19:48 AM

GBPINR

Technical View:

* In the last trading session, GBPINR made new highs but closed near it’s open signaling indecision.

* But, on the daily timeframe the pair has been trading in a upward sloping channel, which signals the counter is in a strong uptrend.

* Moreover, the pair has sustained above its 20*50 EMA confirming bullish momentum in the pair.

* But, momentum indicator RSI (14) has reached around its 70 level which is in the overbought region which signals that the momentum can slow down.

* So based on the above mixed technical structure, we expect sideways to bullish move in GBPINR future towards 94 level.

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Choice International Ltd

Published on 6/12/2019 11:19:31 AM

JPYINR

Technical View:

* During it’s previous session JPYINR faced selling at the upper levels closing lower by 0.56% for the day.

* Also, the pair has broken down of the Ichimoku Cloud which confirms prices to fall in the near term.

* Furthermore, the price has been trading below its Parabolic SAR which indicates bearishness in the pair.

* Additionally, momentum indicator RSI (14) has breached below its 50 level, which signals bearish strength.

* So based on the above technical structure, we expect bearish move in JPYINR towards 65.47 level.

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Choice International Ltd

Published on 6/12/2019 11:19:12 AM

USDINR

Technical View:

* The USDINR witnessed pressure falling by 0.40% during the last trading session.

* Also, the price has closed below its 20*50 EMA which signals weakness in the near term.

* Moreover, the price has been trading below its Parabolic SAR which signals negative momentum in the counter.

* Additionally, the momentum indicator Stochastic (6) has made a negative crossover, which indicates that the bears are in control.

* Hence, we expect bearish move in USDINR future towards 71.21 level.

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LKP Securities

Published on 6/12/2019 10:59:10 AM

USDINR

* On The daily chart USDINR Fut closed weak yesterday, prices have been taking support near 71.70. Strong support are placed at 71.40-71.30. 72.05-72.25 keeps acting as supply points.

* Overall on prices can be in range of 71.30-71.70. On the downside 71.25-71.10 shall act as base support level, which shall act as buying opportunities.

* Technical Indicator MACD is showing signs of trend to be range bound, For the day it looks it can be in a range of 71.30-71.70 below 71.30 fresh short can be seen towards 71.15 & above 71.70 rally towards 71.95 can be seen.

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HDFC Securities

Published on 6/12/2019 10:54:30 AM

USDINR DECEMBER FUT. :

* USDINR December futures took a resistance at super trend level of 72.04 and about to break the bottom 71.32.

* Momentum oscillator, RSI given negative cross over heading towards oversold zone indicating further weakness.

* The breaking of 71.32 confirms the lower top lower bottom and price could fall to 70.70 level while resist at 72.05.

Click Here - https://bit.ly/2RoMo3N

HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475.

Geojit Financial Services Ltd.

Published on 6/12/2019 10:52:19 AM

News Box

* RBI released its fifth bi-monthly statement for 2019-20 yesterday; maintained status quo .

* Rupee ended at 71.29 a dollar yesterday, up 24 paise against its previous close of 71.53.

* FBIL set reference rate for dollar at 71.7800 and euro at 79.5040.

* Global Funds Buy Net INR6.53b of India Stocks on Thursday: NSE; Foreigners Buy Net INR447M of India Equity Derivatives Thursday.

* Yield on 6.45% bonds maturing July 2029 at 6.61% on Dec. 5.

* US dollar wobbled on recent US-China development while waited for more cues from the economic front.

* US weekly jobless claims fell to seven month low while trade gap stood at lowest in 17 months in October.

* On the data front, US Nonfarm Payrolls is scheduled in the later part of the day.

* Euro edged higher on better data while UK's pound hovered around highs on election prospects.

* Japan’s yen headed for a weekly advance against the dollar as uncertainty over a partial U.S.-China trade deal keeps demand for the haven currency intact.

* PBOC has set the Yuan reference rate 7.0383 versus Thursday's fix at 7.0521.

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SEBI Registration number is INH200000345