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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.30 levels whereas resistance is placed at 82.80 levels. The pair is expected to find support at lower level and trade firm above 82.80 level up to 83.00 and 83.20 levels.

* The EUR/INR futures pair has support at 87.00 levels whereas resistance is placed at 87.60 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 101.20 levels whereas resistance is placed at 101.70 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 60.30 levels whereas resistance is placed at 60.80 levels. The pair is expected to find resistance at higher level and trade weak below 60.30 level up to 60.10 and 59.90 levels.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with positive bias in the last trading session and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 82.30 level should be taken as buying opportunity targeting 82.80 – 83.00 levels on higher side

* For Intraday session, it has support at 82.30 – 82.10 levels whereas resistance is placed at 82.80 – 83.00 levels

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