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GEPL Capital

Published on 20/04/2018 11:33:48 AM

SELL GBP/USD LTP 1.4072 T1 1.4040 T2 1.4020 SL 1.4110

 SEBI Registration number is INH000000081.                                                    
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Angel Broking Pvt Ltd

Published on 20/04/2018 10:53:25 AM

GBP

GBP depreciated against the US dollar by 0.78 percent while GBPINR appreciated by 0.53 percent.

Prime Minister Theresa May had been addressing the UK parliament after joining France and US in airstrikes against Syria on chemical weapon plant in Douma. Average earnings came in at 2.8% for Mar’18 against market expectations of 3%. UK CPI for Mar’18 came in at 2.5% against market expectations of 2.7%. Retail sales data from UK came in at -1.2% against market expectations of -0.5%.

GBPINR is expected to appreciate in today’s session.

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Angel Broking Pvt Ltd

Published on 20/04/2018 10:53:13 AM

Euro

EURUSD depreciated by 0.23 percent while EURINR depreciated by 0.33 percent during the same time frame.

ECB Council member Nowotny mentioned that the bond buyback program will wound down by the down of this year. German CPI came in line with market expectations at 0.4% for Mar’18. German ZEW economic sentiment data came in at -8.2 against market expectations of -0.8. Euro zone CPI came in at 1.3% against market expectations of 1.4% for Mar’18.

EURINR is expected to move sideways in today’s session.

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Angel Broking Pvt Ltd

Published on 20/04/2018 10:52:57 AM

Indian rupee

Yesterday rupee depreciated by 0.23 as dollar index strengthened by 0.35 percent as India’s trade deficit widened to $13.7 billion in Mar’18 from $11.98 billion in Feb’18. The US Treasury Department added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others which impacted the sentiments of forex traders. However, India’s WPI came in at 2.47% for Mar’18 against 2.48% of Feb’18.

Earlier during the weekend US and its allies had launched missiles on Chemical weapons facilities in Syria rising geo political tensions but later on Donald Trump tweeted that it’s just one of strikes and mission has been accomplished. Building permits data from US came in line with market expectations at 1.35 million for Mar’18. According to FED reports US economic growth on track despite tariff concerns. Philly Fed Manufacturing index came in at 23.2 for Apr’18 against market expectations of 20.8.

USDINR is expected to trade sideways in today’s session.

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Inditrade Derivatives & Commodities Ltd

Published on 20/04/2018 10:41:52 AM

EURUSD Apr - Sell at 1.2340/1.2360 Tgt 1.2300, 1.2270 SL 1.2395

Tradebulls Securities (P) Ltd

Published on 20/04/2018 10:41:06 AM

 Intraday call  :- Sell USDINR at 66.0450-66.0550 TGT 65.93 Stoploss 66.13(Tradebulls Research Desk).

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Mansukh Securities & Finance Ltd

Published on 20/04/2018 10:39:18 AM

SELL USDINR FUT 8-10 LOTS AROUND 66.06-66.07 ( AVERAGE AROUND 66.30) SL ABOVE 66.36 TGT 65.90, 65.72

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Choice International Ltd

Published on 20/04/2018 10:25:34 AM

JPYINR

Technical View:

JPYINR opened on flat note and traded with less movement on Thursday.

On the daily chart, price has been consolidating near the upper line of Bollinger formation as well as 21 days SMA; which could be a immediate hurdle for the pair.

Moreover, momentum indicator RSI and MACD has indicated sideways range with negative crossover.

So based on the above technical structure and indicator, we expect bearish movement in JPYINR towards 60.90 levels.

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Choice International Ltd

Published on 20/04/2018 10:24:16 AM

GBPINR

Technical View:

GBPINR has recovered a bit in second half of the session and ended the day on positive note.

On a weekly chart, GBPINR has taken a resistance at rising trend line and retreated from there; which intimate reversal move in the pair.

Moreover, a momentum indicator RSI (14) has pulled back form overbought zone; which indicate bearish sentiments.

As per the above technical structure, we are expecting bearish movement in the prices towards 93.10 levels.

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Choice International Ltd

Published on 20/04/2018 10:22:46 AM

EURINR

Technical View:

EURINR has traded in range bound movement for the day.

On the daily chart, pair has been trading within a rising channel formation; which intimate upward trend for near term.

Moreover, price has moved above 21 days SMA; which act as support for the pair and suggest bullishness in the counter.

Furthermore, a momentum indicator RSI (14) and MACD has shown upward move with positive crossover. 

So based on the above technical structure and indicator, we expect bullish movement towards 81.80 level.

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