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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.40 levels whereas resistance is placed at 81.80 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.90 levels whereas resistance is placed at 89.30 levels. The pair is expected to find resistance at higher level and trade weak below 88.90 level up to 88.70 and 88.50 levels.

* The GBP/INR futures pair has support at 101.00 levels whereas resistance is placed at 101.50 levels. The pair is expected to find resistance at higher level and trade weak below 101.00 level up to 100.80 and 100.60 levels.

* The JPY/INR futures pair has support at 62.90 levels whereas resistance is placed at 63.30 levels. The pair is expected to find resistance at higher level and trade weak below 62.90 level up to 62.70 and 62.50 levels.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR 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 63.30 level should be taken as selling opportunity targeting 62.90 – 62.70 levels on lower side

* For Intraday session, it has support at 62.90 – 62.70 levels whereas resistance is placed at 63.30 – 63.50 levels

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