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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 83.50 levels whereas resistance is placed at 84.00 levels. The pair is expected to find support at lower level and trade firm above 84.00 level up to 84.20 and 84.40 levels.

* The GBP/INR futures pair has support at 96.40 levels whereas resistance is placed at 96.90 levels. The pair is expected to find support at lower level and trade firm above 96.90 level up to 97.10 and 97.30 levels.

* The JPY/INR futures pair has support at 57.50 levels whereas resistance is placed at 58.10 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias but managed to closed above upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 96.40 level should be taken as buying opportunity targeting 96.90 – 97.10 levels on higher side

* For Intraday session, it has support at 96.40 – 96.20 levels whereas resistance is placed at 96.90 – 97.10 levels

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