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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.90 levels whereas resistance is placed at 83.30 levels. The pair is expected to find support at lower level and trade firm above 83.30 level up to 83.50 and 83.70 levels.

* The EUR/INR futures pair has support at 87.30 levels whereas resistance is placed at 88.00 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 98.80 levels whereas resistance is placed at 99.30 levels. The pair is expected to find resistance at higher level and trade weak below 98.80 level up to 98.60 and 98.40 levels.

* The JPY/INR futures pair has support at 63.50 levels whereas resistance is placed at 64.00 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 99.30 level should be taken as selling opportunity targeting 98.80 – 98.60 levels on lower side

* For Intraday session, it has support at 98.80 – 98.60 levels whereas resistance is placed at 99.30 – 99.50 levels

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