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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.00 levels whereas resistance is placed at 74.40 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 85.80 levels whereas resistance is placed at 86.20 levels. The pair is expected to trade firm above 86.20 levels up to 86.40 and 86.60 levels.

* The GBP/INR futures pair has support at 100.50 levels whereas resistance is placed at 101.00 levels. The pair is expected to trade firm above 101.00 levels up to 101.20 and 101.40 levels.

*The JPY/INR future pair has support at 65.60 levels whereas resistance is placed at 65.90 levels. The pair is expected to trade firm above 65.90 levels up to 66.10 and 66.25 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded w ith negative bias but managed to sustain above downward trend line in the last trading session.

* The pair is likely to trade with positive bias and any pullback near immediate support of 65.60 level should be taken as buying opportunity targeting 65.90 – 66.10 levels on higher side

* For Intraday session, it has support at 65.60 – 65.40 levels whereas resistance is placed at 65.90 – 66.10 levels

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