IGI Logo

USDINR

USDINR opened with a downward gap and remained negative throughout the day. USDINR closed at 82.55 with a loss of 0.43 %. On the daily chart USDINR has formed a bearish candle forming lower High-low compare to previous session indicating negative bias USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently USDINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term. The chart pattern suggests that if USDINR crosses and sustains above 82.80 level it would witness buying which would lead USDINR towards 83-83.35 levels. However if USDINR breaks below 82.45 level it would witness selling which would take USDINR towards 82.25-82. The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a downmove in the near term

EURINR

EURINR opened with an upward gap and remained in positive terrain throughout the day. EURINR closed at 87.98 with a gain of 0.66 %. On the daily chart EURINR has formed a small bullish candle forming higher HighLow formation 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 88.10 levels then it may move further upward towards 88.35-88.70 levels. On the downside an immediate intraday support is around 87.65 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 61.31 with a gain of 1.59 %. On the daily chart JPYINR has formed a small bullish candle forming higher HighLow formation compare to previous session 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 61.40 levels then it may move further upward towards 61.60-61.85 levels. On the downside an immediate intraday support is around 60.90 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 102.19 with a gain of 0.35 %. 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 102.35 levels then it may move further upward towards 102.65-102.85 levels. On the downside an immediate intraday support is around 101.90 levels.. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer