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USDINR

USDINR open on flat note and witnessed profit booking initial hour however buying support at lower levels led it to close on flat note. USDINR closed at 82.0875 with a loss of 0.04 %. On the daily chart USDINR has formed a Bullish candle with a long lower shadow indicating buying at lower levels USDINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. 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.For the day if USDINR trade and sustains above 82.20 levels then it may move further upward towards 82.40-82.60 levels. On the downside an immediate intraday support is around 81.90 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

EURINR

EURINR open on flat note and witnessed profit booking initial hour however buying support at lower levels led it to close near the day's high. EURINR closed at 86.9625 with a gain of 0.34 %. On the daily chart EURINR has formed a small bullish candle carrying lower shadow indicating buying support at lower levels EURINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. EURINR is trading below 20 and 50 day SMA which is important short term moving average, indicating negative bias in the short to medium term. For the day if EURINR trade and sustains above 87 levels then it may move further upward towards 87.20-87.50 levels. On the downside an immediate intraday support is around 86.80 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 buying momentum along with short covering throughout the session led it close near the day's high. JPYINR closed at 60.545 with a gain of 0.94 %. On the daily chart JPYINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. JPYINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up 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 For the day if JPYINR trade and sustains above 60.70 levels then it may move further upward towards 61-61.20 levels. On the downside an immediate intraday support is around 60.30 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 lackluster within narrow trading range throughout the day. GBPINR closed at 98.6 with a gain of 0.12 %. On the daily chart GBPINR has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. GBPINR is trading below its important moving averages of 20 and 50 day SMA's indicating negative bias in the short to medium term.For the day if GBPINR trade and sustains above 98.90 levels then it may move further upward towards 99.10-99.40 levels. On the downside an immediate intraday support is around 98.40 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

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