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USDINR

On the daily chart USDINR has opened with a downward gap and traded with extreme volatility on either side to close on flat note. USDINR closed at 79.87 with a loss of 0.05 %. On the daily chart USDINR has formed a small Bearish candle with lower shadow indicating buying support at lower levels 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 80 level it would witness buying which would lead USDINR towards 80.15-80.35 levels. However if USDINR breaks below 79.70 level it would witness selling which would take USDINR towards 79.55-79.35. 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 lackluster within narrow trading range throughout the day. EURINR closed at 79.41 with a gain of 0.05 %. On the daily chart EURINR has formed a bullish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side 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's which indicating negative bias in the short term The chart pattern suggests that if EURINR breaks and sustains below 79.15 level it would witness selling which would lead EURINR towards 79-78.80 levels. Important Resistances for the day are placed at 79.80- 80. 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 with an upward gap and remained lackluster within narrow trading range throughout the day. JPYINR closed at 58.46 with a gain of 0.33 %. On the daily chart JPYINR has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels 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 The chart pattern suggests that if JPYINR breaks and sustains below 58.35 level it would witness selling which would lead JPYINR towards 58.10-57.85 levels. Important Resistances for the day are placed at 58.85-59. 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 but witnessed selling from the opening tick to end negative. GBPINR closed at 94.20 with a gain of 0.1 %. On the daily chart GBPINR has formed a Bearish candle with a long upper shadow indicating selling at higher levels 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 breaks and sustains below 94 level it would witness selling which would lead GBPINR towards 93.80-93.60 levels. Important Resistances for the day are placed at 94.70- 94.90. 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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