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Swastika Investmart Ltd
Published on 19-03-2024 11:31 am
SELL EURINR AROUND 90.16-90.17 SL 90.28 TGT 90.07 / 89.97 (28 MAR)(CMP 90.1550)
Please refer disclaimer at https://www.swastika.co.in/disclaimerSEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
HDFC Securities
Published on 19-03-2024 11:02 am
Technical Observations:
USDINR March futures took support at a lower line of the downwardslopping channel.
The pair is closed above 21 DEMA.
Though it has recovered in the past three days, the medium-term trend remained bearish as long as it trades below 83.20.
Momentum Oscillator, RSI of 14 days indicated a short-term bounce as it has been heading higher.
Short Term Trend: Short Covering
Expected Trading Range: 83.15 to 82.90
Intraday Recommendation: Buy USDINR Mar. Fut. at 82.99 SL 82.89 Target 83.14
USDINR March Futures Daily Chart
Click Here -https://tinyurl.com/ye95p92h
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795SEBI Registration number is INZ000171337
Kedia Commodities
Published on 19-03-2024 10:29 am
JPYINR
Observations
JPYINR trading range for the day is 55.6-55.8.
JPY weakened as investors braced for the Bank of Japan’s policy decision this week
BOJ officials have repeatedly stated that it could start normalizing monetary policy if a positive cycle between rising wages and inflation is sustained.
Japan's core machinery orders, fell 1.7% month-on-month to 823.8 billion yen in January 2024
SELL JPYINR MAR @ 55.8 SL 56 TGT 55.6-55.4
Click Here -https://tinyurl.com/mrxk99v5
(Disclaimer: https://bit.ly/2ziDavw)
Kedia Commodities
Published on 19-03-2024 10:29 am
GBPINR
Observation
GBPINR trading range for the day is 105.36-105.78.
GBP steadied as investors await UK inflation and the BoE decision for fresh guidance.
UK public's inflation expectations fall, Bank of England survey shows
The BoE is expected to maintain interest rates unchanged as UK inflation is far from the 2% target.
SELL GBPINR MAR @ 105.8 SL 106 TGT 105.3-105.1.
Click Here -https://tinyurl.com/mrxk99v5
(Disclaimer: https://bit.ly/2ziDavw)
Kedia Commodities
Published on 19-03-2024 10:28 am
EURINR
Observations
EURINR trading range for the day is 90.14-90.56.
Euro remained in range with investors preparing for upcoming central bank meetings in major economies.
ECB’s Rehn remarked that the central bank had initiated discussions about rate reductions at the March meeting
ECB indicated preparations for its first interest rate cut after revising down inflation expectations for 2024 and 2025.
SELL EURINR MAR @ 90.45 SL 90.65 TGT 90.25-90.05.
Click Here -https://tinyurl.com/mrxk99v5
(Disclaimer: https://bit.ly/2ziDavw)