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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.70 levels whereas resistance is placed at 78.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 83.20 levels whereas resistance is placed at 83.70 levels. The pair is expected to find support at lower levels and trade firm above 83.70 level up to 83.90 and 84.10 levels.

* The GBP/INR futures pair has support at 97.90 levels whereas resistance is placed at 98.30 levels. The pair is expected to find support at lower levels and trade firm above 98.30 level up to 98.50 and 98.70 levels.

* The JPY/INR futures pair has support at 61.20 levels whereas resistance is placed at 61.60 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias but managed to closed above upward sloping trending line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 97.90 level should be taken as buying opportunity targeting 98.30 – 98.50 levels on higher side

* For Intraday session, it has support at 97.90 –97.70 levels whereas resistance is placed at 98.30 – 98.50 levels

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