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USDINR

USDINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. USDINR closed at 81.36 with a loss of 0.17 %. On the daily chart USDINR has formed a small bullish candle carrying long lower shadow. USDINR continues to move in a Lower Top and Lower Bottom formation on the daily chart indicating negative bias. USDINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term The chart pattern suggests that if USDINR breaks and sustains below 81 level it would witness selling which would lead USDINR towards 80.80-80.60 levels. Important Resistances for the day are placed at 81.50. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINR

EURINR opened with an upward gap and remained in positive terrain throughout the day. EURINR closed at 84.96 with a gain of 0.51 %. On the daily chart EURINR has formed a small bullish candle forming higher High-low compare to previous session indicating positive bias EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently EURINR is sustaining above its 20 day SMA which support bullish sentiments in near term. For the day if EURINR trade and sustains above 85.10 levels then it may move further upward towards 85.35-85.60 levels. On the downside an immediate intraday support is around 84.70 levels.. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a upmove in the near term

JPYINR

JPYINR opened with an upward gap and remained in positive terrain throughout the day. JPYINR closed at 59.82 with a gain of 1.71 %. On the daily chart JPYINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. JPYINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently JPYINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. For the day if JPYINR trade and sustains above 60 levels then it may move further upward towards 60.25-60.50 levels. On the downside an immediate intraday support is around 59.35 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 98.81 with a gain of 1.06 %. On the daily chart GBPINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently GBPINR is sustaining above its 20 day SMA which support bullish sentiments in near term. For the day if GBPINR trade and sustains above 99 levels then it may move further upward towards 99.45-99.70 levels. On the downside an immediate intraday support is around 98 levels.. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a upmove in the near term

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