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USDINR

USDINR opened with an upward gap but witnessed selling from the opening tick to end negative. USDINR closed at 82.58 with a gain of 0.22 %. On the daily chart USDINR has formed a small Bearish candle forming higher Highlow compare to previous session 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 82.85 levels then it may move further upward towards 83-83.10 levels. On the downside an immediate intraday support is around 82.40 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with a downward gap and remained negative throughout the day. EURINR closed at 80.25 with a loss of 0.74 %. On the daily chart EURINR has formed a long Bearish candle forming lower HighLow compare to previous session indicating negative bias. EURINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. EURINR is trading below 20 day SMA which is important short term moving average, indicating negative bias in the short to medium term The chart pattern suggests that if EURINR breaks and sustains below 80 level it would witness selling which would lead EURINR towards 79.90-79.70 levels. Important Resistances for the day are placed at 81- 81.20. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR

JPYINR opened with an upward gap but witnessed selling from the opening tick to end negative. JPYINR closed at 56.91 with a loss of 0.17 %. On the daily chart JPYINR has formed a small bearish 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 56.80 level it would witness selling which would lead JPYINR towards 56.60-56.45 levels. Important Resistances for the day are placed at 57.30-57.50. 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 a downward gap and remained negative throughout the day. GBPINR closed at 91.38 with a loss of 1.02 %. On the daily chart GBPINR has formed a small bearish candle forming lower High-low compare to previous session indicating negative bias GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium term The chart pattern suggests that if GBPINR breaks and sustains below 91.10 level it would witness selling which would lead GBPINR towards 90.85-90.65 levels. Important Resistances for the day are placed at 92.20-92.45. 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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