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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 83.10 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.00 levels whereas resistance is placed at 88.60 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.90 levels whereas resistance is placed at 100.40 levels. The pair is expected to find support at lower level and trade firm above 100.40 level up to 100.60 and 100.80 levels.

* The JPY/INR futures pair has support at 61.40 levels whereas resistance is placed at 61.90 levels. The pair is expected to find resistance at higher level and trade weak below 61.40 level up to 61.20 and 61.00 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a 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 99.90 level should be taken as buying opportunity targeting 100.40 – 100.60 levels on higher side

*For Intraday session, it has support at 61.40 – 61.20 levels whereas resistance is placed at 61.90 – 62.10 levels

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