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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 82.38 with a gain of 0.7 %. On the daily chart USDINR has formed a small bullish candle forming higher High-low 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 82.45 levels then it may move further upward towards 82.65-82.85 levels. On the downside an immediate intraday support is around 82 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 81.45 with a gain of 0.6 %. On the daily chart EURINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high 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 81.55 levels then it may move further upward towards 81.75-81.95 levels. On the downside an immediate intraday support is around 81 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR

JPYINR opened with an upward gap and remained in positive terrain throughout the day. JPYINR closed at 57.07 with a gain of 0.72 %. On the daily chart JPYINR has formed a sizable bullish candle forming higher Highlow compare to previous session indicating positive bias JPYINR is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating short term 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 57.10 levels then it may move further upward towards 57.30-57.50 levels. On the downside an immediate intraday support is around 56.60 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 but witnessed selling from the opening tick to end near the day's low. GBPINR closed at 92.76 with a gain of 0.11 %. On the daily chart GBPINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. GBPINR is trading below 20 and 50 day SMA's which indicating negative bias in the short term The chart pattern suggests that if GBPINR crosses and sustains above 93.20 level it would witness buying which would lead GBPINR towards 93.40-93.60 levels. However if GBPINR breaks below 92.30 level it would witness selling which would take GBPINR towards 92-91.80. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

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