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USDINR

USDINR opened on a flat note and witnessed selling pressure throughout the session which led it close near day's low. USDINR closed at 82.7175 with a loss of 0.25%. On the daily chart USDINR has formed a sizable Bearish candle forming lower Highlow compared to previous session and has closed below previous session's low indicating negative bias Since past couple of sessions USDINR is consolidating within 83.00-82.50 levels indicating short term consolidation. Currently USDINR is sustaining above its 20- and 50-day SMA which support bullish sentiments in near-term. The chart pattern suggests that if USDINR crosses and sustains above 83.10 level it would witness buying which would lead USDINR towards 83.21 - 83.31 levels. However, if USDINR breaks below 82.50 level it would witness selling which would take USDINR towards 82.39 - 82.29. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias.

EURINR

EURINR opened with an upward gap and traded positive for most part of the session.EURINR closed at 87.93 with a gain of 0.22%. On the daily chart EURINR has formed a Bullish candle but traded within a small range indicating lack of strength The EURINR pair seems to be moving between 87.60- 88.00 since the past couple of sessions. EURINR is trading below 20- and 50-day SMA's which indicating negative bias in the short term. For the day if EURINR trade and sustains above 88.00 levels then it may move further upward towards 88.21 - 88.31 levels. On the downside an immediate intraday support is around 87.30 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 but witnessed selling from the opening tick to end near the day's low. JPYINR closed at 60.8175 with a loss of 0.56 %. On the daily chart JPYINR has formed a Bearish candle forming lower High-low compared to previous session and has closed below previous session's low 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 60.50 level it would witness selling which would lead JPYINR towards 60.29 - 60.19 levels. However, if JPYINR crosses above 61.00 level it would witness buying which would take JPYINR towards 61.21 - 61.31. 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 remained in positive terrain throughout the day. GBPINR closed at 100.095 with a gain of 0.7 %. On the daily chart GBPINR has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. GBPINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. GBPINR is sustaining above its 20- and 50-day SMA which signals bullish sentiments in near term, For the day if GBPINR trade and sustains above 100.30 levels then it may move further upward towards 100.51 - 100.61 levels. On the downside an immediate intraday support is around 99.50 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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