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USDINR

USDINR opened with a downward gap and traded with negative bias in initial half however buying momentum at lower levels recovered all the earlier losses to close on flat note. USDINR closed at 82.047 with a loss of 0.03 %. On the daily chart USDINR has formed a small bullish candle carrying long lower shadow. 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 82.10 levels then it may move further upward towards 82.30-82.50 levels. On the downside an immediate intraday support is around 81.80 levels. 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 on a flat note and remained lackluster throughout the session to close on flat note. EURINR closed at 87.3025 with a gain of 0.07 %. On the daily chart EURINR has formed a Bullish candle carrying either side shadows indicating extreme volatility 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 87.40 levels then it may move further upward towards 87.60-87.80 levels. On the downside an immediate intraday support is around 87.10 levels.. 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 on a flat note and traded with extreme volatility on either side . JPYINR closed at 60.5625 with a gain of 0.07 %. On the daily chart JPYINR has formed a "Doji" candlestick formation 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.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 60.40 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

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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