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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 83.13 with a gain of 0.83 %. On the daily chart USDINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. USDINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently USDINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. For the day if USDINR trade and sustains above 83.20 levels then it may move further upward towards 83.35-83.55 levels. On the downside an immediate intraday support is around 82.60 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with an upward gap and buying momentum along with short covering throughout the session led it close near the day's high. EURINR closed at 81.29 with a gain of 0.27 %. On the daily chart EURINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently EURINR is sustaining above its 20 day and 50 day SMA which support bullish sentiments in near term. For the day if EURINR trade and sustains above 81.65 levels then it may move further upward towards 81.85-82 levels. On the downside an immediate intraday support is around 80.90 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 55.68 with a gain of 0.51 %. On the daily chart JPYINR has formed a small Bullish candle forming lower High-Low compare to previous session indicating negative bias JPYINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. JPYINR 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 JPYINR breaks and sustains below 55.20 level it would witness selling which would lead JPYINR towards 55-54.80 levels. Important Resistances for the day are placed at 55.90- 56.10. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

GBPINR

GBPINR opened with an upward gap and witnessed selling pressure in initial half however buying momentum around multiple support zone of 92.70 levels let it to close in positive territory. GBPINR closed at 93.45 with a gain of 0.41 %. On the daily chart GBPINR has formed a small bullish candle forming higher HighLow formation compare to previous session indicating positive bias. GBPINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up trend. 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 93.75 levels then it may move further upward towards 93.95-94.10 levels. On the downside an immediate intraday support is around 92.75 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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