Buy GBPINR AUG @ 104.5 SL 104.25 TGT 104.82-105.05 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
USDINR
Observations
USDINR trading range for the day is 82.49-83.15.
Rupee surges biggest in 2 months on equity inflows & state-bank dollar selling,
Icra estimates India's GDP growth at 8.5 pc in first quarter; maintains FY24 forecast at 6 pc
Indian economy to grow at 8.3% in the first quarter and 6.7% in FY24: SBI report
SELL USDINR AUG @ 82.8 SL 82.95 TGT 82.72-82.58.
EURINR
Observations
EURINR trading range for the day is 88.96-90.48.
Euro dropped as Eurozone services slide deepens economic gloom
German business activity suffers steepest decline since May 2020 – flash PMI
France Manufacturing PMI rose to 46.4 in August 2023, up from 45.1 in the previous month
BUY EURINR AUG @ 89.35 SL 89.15 TGT 89.6-89.78
GBPINR
Observations
GBPINR trading range for the day is 103.65-106.27.
GBP dropped after a survey showed a slump in UK business activity in August.
The S&P Global/CIPS UK Manufacturing PMI fell to 42.5 in August of 2023 from 45.3 in the previous month
PMI tumbled to 47.9 in August from 50.8 in July, the lowest level since January 2021.
BUY GBPINR AUG @ 104.5 SL 104.25 TGT 104.82-105.05.
JPYINR
Observations
JPYINR trading range for the day is 56.81-57.31.
JPY remained in range leaving traders on tenterhooks as they warily watch for any signs of intervention.
The au Jibun Bank Japan Services PMI increased to a three-month peak of 54.3 in August 2023
The au Jibun Bank Japan Composite PMI rose to 52.6 in July 2023 from a final 52.2 in the prior month
BUY JPYINR AUG @ 56.8 SL 56.6 TGT 57.02-57.15
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
