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Tradebulls Securities (P) Ltd

Published on 16/12/2019 1:25:02 PM

(CurrencyDesk) Intraday Call:- Book Full profit in EURINR at 79.2250-79.23, TGT Achieved, long given at 79.06-79.04 (Tradebulls Research Desk)

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Choice International Ltd

Published on 16/12/2019 12:11:31 PM

Buy EURINR @ 79.15 SL 79 TGT 79.40

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Tradebulls Securities (P) Ltd

Published on 16/12/2019 11:33:24 AM

(CurrencyDesk) Intraday Call:- Book part profit in EURINR at 79.17-79.18 and trail Sl to cost, long given at 79.06-79.04 (Tradebulls Research Desk)

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Swastika Investmart Ltd

Published on 16/12/2019 11:06:00 AM

SELL 20-DEC USDINR 71.25CE AND 71.25PE WITH COMBINED PREMIUM OF 0.42 SL 0.65 TGT 0

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SEBI Reg. No.: NSE/BSE/MSEI: INZ000192732  
 

LKP Securities

Published on 16/12/2019 11:01:46 AM

USDINR

* On The daily chart USDINR Fut closed flat but recovered lost ground after gap down opening on friday and gave a bullish candle pattern friday, prices have been taking resistance near 71.50. Support are placed at 70.90-70.70. 71.30-71.50 will keep acting as supply points.

* Overall prices can be in range of 70.70-71.50. On the downside 70.95-70.70 shall act as base support level, which can 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 70.68-71.08 below 70.68 fresh short can be seen towards 70.50 & above 71.08 rally towards 71.20 can be seen.

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HDFC Securities

Published on 16/12/2019 10:58:07 AM

JPYINR

* JPYINR December futures broken the symmetric triangle trend line support of 65.40.

* The pair has also broken the short term moving average supports.

* Momentum oscillator, RSI heading towards south suggesting weakness in the pair.

* Short term traders can short sell JPYINR Dec. Fut. Around 65 for the target of 63.50 keeping stop loss at 66.

JPYINR December Futures: Sell around 65 SL 66 TGT 63.50

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

 

HDFC Securities

Published on 16/12/2019 10:57:07 AM

GBPINR

* GBPINR December futures crossed the rising channel resistance.

* The pair has been trading with higher top higher bottom formation indicating continuation of uptrend.

* Momentum oscillators are positive on daily and weekly chart indicating strengthening of current trend.

* Short term traders can initiate long position above 95.45 keeping stop loss at 94 for the target of 97.

GBPINR December Futures: Buy above 95.45 SL 94 TGT 97

For Complete Report And Disclaimer Click Here- https://bit.ly/2RW7erC

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

HDFC Securities

Published on 16/12/2019 10:56:17 AM

USDINR 

* USDINR December future has taken support at 70.60, the trend line adjoining low of 71.03 and 70.91.

* The pair closed below short term moving averages and formed lower lows on daily chart.

* Momentum oscillator, RSI of 14 days period about to enter in oversold zone indicating bargain buying.

* We remain bearish with sell on bounce around 71.50 for the target of 69.80 keeping stop loss at 72.05

Sell around 71.50 SL 72.05 TGT 69.80

For Complete Report And Disclaimer Click Here- https://bit.ly/2RW7erC

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

Angel Broking Pvt Ltd

Published on 16/12/2019 10:51:57 AM

Euro 

EURUSD appreciated by 1 percent last week while EURINR depreciated by 0.13 percent the same time frame.

ECB kept its rates unchanged on Thursday following new President Christine Lagarde’s first monetary policy meeting. The ECB’s statement reiterated that rates will stay at the current level or lower until the central bank has seen the inflation outlook “robustly converge” to a level close to but below 0.2% and that underlying inflation has remained consistently convergent with that level. It also confirmed that net asset purchases of monthly 20 billion euros that this will continue to run “as long as necessary” to reinforce the accommodative policy stance.

EURINR is expected to appreciate in today’s session.

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Angel Broking Pvt Ltd

Published on 16/12/2019 10:51:22 AM

Indian rupee

Indian Rupee appreciated by 0.9 percent last week while the Dollar index decreased by 0.89 percent during the same time frame. CPI inflation from India for Nov’19 came in at 5.54 percent against market expectations of 5.26%.

The US FED, announced its latest monetary policy decision, and as expected, policymakers kept rates on hold. The FOMC funds rate was left at 1.50%-1.75. The accompanying statement showed that policymakers would continue to monitor data for the economic outlook “including global developments and muted inflation pressures.” On the trade war front, President Donald Trump tweeted that the United States was close to a deal ahead of Sunday, when a new round of tariffs on Chinese goods has been set to go into effect.

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

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