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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 78.10 levels whereas resistance is placed at 78.40 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.40 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 94.70 levels whereas resistance is placed at 95.10 levels. The pair is expected to find support at lower levels and trade firm above 95.10 level up to 95.30 and 95.50 levels.

* The JPY/INR futures pair has support at 58.10 levels whereas resistance is placed at 58.50 levels. The pair is expected to find resistance at higher levels and trade weak below 58.10 level up to 57.90 and 57.70 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with mild positive bias but managed to closed below downward sloping trending line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 58.50 level should be taken as selling opportunity targeting 58.10 – 57.90 levels on lower side

* For Intraday session, it has support at 58.10 – 57.90 levels whereas resistance is placed at 58.50 – 58.70 levels

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