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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.90 levels whereas resistance is placed at 78.30 levels. The pair is expected to find support at lower levels and trade firm above 78.30 level up to 78.50 and 78.70 levels.

* The EUR/INR futures pair has support at 82.40 levels whereas resistance is placed at 82.80 levels. The pair is expected to find resistance at higher levels and trade weak below 82.40 level up to 82.20 and 82.00 levels.

* The GBP/INR futures pair has support at 95.70 levels whereas resistance is placed at 96.10 levels. The pair is expected to find resistance at higher levels and trade weak below 95.70 level up to 95.50 and 95.30 levels.

* The JPY/INR futures pair has support at 57.40 levels whereas resistance is placed at 57.80 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with mild positive bias but managed to closed below downward sloping trending line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 96.10 level should be taken as selling opportunity targeting 95.70 – 97.50 levels on lower side

* For Intraday session, it has support at 97.70 – 97.50 levels whereas resistance is placed at 98.10 – 98.30 levels

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