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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.50 levels whereas resistance is placed at 80.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.50 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 93.40 levels whereas resistance is placed at 93.90 levels. The pair is expected to find resistance at higher levels and trade weak below 93.40 level up to 93.10 and 92.90 levels.

* The JPY/INR futures pair has support at 57.80 levels whereas resistance is placed at 58.20 levels. The pair is expected to find resistance at higher levels and trade weak below 57.80 level up to 57.60 and 57.40 levels

Strategy: Intraday

* SILVER prices traded with negative bias during the last trading session; and prices are trading below downward slopping trend line.

* For Intraday session immediate support is at 52800 - 52500 level and resistance at 53600 - 53900. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 52800 - 52500 levels on lower side.

PYINR (Daily CHART)

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