JPYINR opened with a downward gap however buying momentum throughout the session - Axis Securities
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USDINR
USDINR opened with an upward gap and remained in positive terrain throughout the day. USDINR closed at 82.49 with a gain of 0.66 %. 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. 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 82.80 levels then it may move further upward towards 83-83.25 levels. On the downside an immediate intraday support is around 81.90 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 however buying momentum throughout the session led it to close on strong note.. EURINR closed at 86.7 with a gain of 0.25 %. 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 86.90 levels then it may move further upward towards 87.15-87.40 levels. On the downside an immediate intraday support is around 86.15 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 however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 60.61 with a loss of 0.07 %. On the daily chart JPYINR has formed a sizable bullish candle near an important support level indicating positive bias 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 60.80 levels then it may move further upward towards 61-61.35 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 a downward gap however buying momentum throughout the session led it to close on strong note.. GBPINR closed at 100.63 with a gain of 0.18 %. On the daily chart GBPINR has formed a sizable bullish candle forming higher Highlow 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 100.85 levels then it may move further upward towards 101.10-101.35 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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