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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.60 levels whereas resistance is placed at 77.90 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 83.30 levels whereas resistance is placed at 83.60 levels. The pair is expected to find resistance at higher levels and trade weak below 83.30 level up to 83.10 and 82.90 levels.

* The GBP/INR futures pair has support at 97.70 levels whereas resistance is placed at 98.00 levels. The pair is expected to find resistance at higher levels and trade weak below 97.70 level up to 97.50 and 97.30 levels.

* The JPY/INR futures pair has support at 59.90 levels whereas resistance is placed at 60.30 levels. The pair is expected to find resistance at higher levels and trade weak below 59.90 level up to 59.70 and 59.50 levels

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 98.00 level should be taken as selling opportunity targeting 97.70 – 97.50 levels on lower side

* For Intraday session, it has support at 97.70 – 97.50 levels whereas resistance is placed at 98.00 – 98.00 levels

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