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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 81.96 with a gain of 0.65 %. USDINR opened with an upward gap and buying momentum throughout the session led it to close near day’s high. USDINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term up 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 levels then it may move further upward towards 82.25-82.50 levels. On the downside an immediate intraday support is around 81.30 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 remained in positive terrain throughout the day. EURINR closed at 86.52 with a gain of 0.84 %. On the daily chart EURINR has formed a small bullish candle forming higher High-low compare to previous session 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 SMA which support bullish sentiments in near term. For the day if EURINR trade and sustains above 86.55 levels then it may move further upward towards 86.85-87 levels. On the downside an immediate intraday support is around 85.80 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 and remained in a small range throughout the day. JPYINR closed at 60.64 with a loss of 0.41 %. On the daily chart JPYINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side JPYINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. Currently JPYINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. For the day if JPYINR trade and sustains above 61 levels then it may move further upward towards 61.25-61.50 levels. On the downside an immediate intraday support is around 59.95 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 in positive terrain throughout the day. GBPINR closed at 100.5 with a gain of 0.57 %. 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 daily chart indicating sustained 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 100.70 levels then it may move further upward towards 100.95-101.20 levels. On the downside an immediate intraday support is around 100.10 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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