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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.80 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 86.40 levels whereas resistance is placed at 86.90 levels. The pair is expected to find support at lower level and trade firm above 86.90 level up to 87.10 and 87.30 levels.

* The GBP/INR futures pair has support at 100.00 levels whereas resistance is placed at 100.50 levels. The pair is expected to find support at lower level and trade firm above 100.50 level up to 100.70 and 101.00 levels.

* The JPY/INR futures pair has support at 60.20 levels whereas resistance is placed at 60.60 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with mild negative bias in the last trading session but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 100.00 level should be taken as buying opportunity targeting 100.50 – 100.70 levels on higher side

* For Intraday session, it has support at 100.00 – 99.80 levels whereas resistance is placed at 100.50 – 100.70 levels

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