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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.90 levels whereas resistance is placed at 78.30 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 94.30 levels whereas resistance is placed at 94.80 levels. The pair is expected to find resistance at higher levels and trade weak below 94.30 level up to 94.10 and 93.90 levels.

* The JPY/INR futures pair has support at 58.00 levels whereas resistance is placed at 58.40 levels. The pair is expected to find resistance at higher levels and trade weak below 58.00 level up to 57.80 and 57.60 levels

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed below downward sloping parallel trending line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 94.80 level should be taken as selling opportunity targeting 94.30 – 94.10 levels on lower side

* For Intraday session, it has support at 94.30 – 94.10 levels whereas resistance is placed at 94.80 – 95.00 levels

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