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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.50 levels. The pair is expected to find support at lower level and trade firm above 82.50 level up to 82.70 and 82.90 levels.

* The EUR/INR futures pair has support at 90.20 levels whereas resistance is placed at 90.60 levels. The pair is expected to find resistance at higher level and trade weak below 90.20 level up to 90.00 and 89.80 levels.

* The GBP/INR futures pair has support at 101.10 levels whereas resistance is placed at 101.60 levels. The pair is expected to find resistance at higher level and trade weak below 101.10 level up to 100.90 and 100.70 levels.

* The JPY/INR futures pair has support at 63.80 levels whereas resistance is placed at 64.30 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY USDINR

(DAILY CHART)

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 82.00 level should be taken as buying opportunity targeting 82.50 – 82.70 levels on higher side

* For Intraday session, it has support at 82.00 – 81.80 levels whereas resistance is placed at 82.50 – 82.70 levels

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