The JPY/INR futures pair has support at 57.80 levels - Monarch Neworth Capital
COMMODITY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 78.10 levels whereas resistance is placed at 78.50 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 82.40 levels whereas resistance is placed at 82.70 levels. The pair is expected to find support at lower levels and trade firm above 82.70 level up to 82.90 and 83.10 levels.
* The GBP/INR futures pair has support at 96.00 levels whereas resistance is placed at 96.50 levels. The pair is expected to trade range bound until either side level is breached.
* The JPY/INR futures pair has support at 57.80 levels whereas resistance is placed at 58.20 levels. The pair is expected to find support at lower levels and trade firm above 58.20 level up to 58.40 and 58.60 levels.
CHART OF THE DAY
Strategy: Intraday
* EURINR pair traded with positive bias and managed to closed above upward sloping trending line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 82.40 level should be taken as buying opportunity targeting 82.70 – 82.90 levels on higher side
* For Intraday session, it has support at 82.40 – 82.20 levels whereas resistance is placed at 82.70 – 82.90 levels
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