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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.60 levels. The pair is expected to find support at lower level and trade firm above 82.60 level up to 82.80 and 83.00 levels.

* The EUR/INR futures pair has support at 86.80 levels whereas resistance is placed at 87.30 levels. The pair is expected to find resistance at higher level and trade weak below 86.80 level up to 86.60 and 86.40 levels.

* The GBP/INR futures pair has support at 100.70 levels whereas resistance is placed at 101.30 levels. The pair is expected to find resistance at higher level and trade weak below 100.70 level up to 100.50 and 100.30 levels.

* The JPY/INR futures pair has support at 60.40 levels whereas resistance is placed at 60.90 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* EURINR pair traded with positive bias in the last trading session but prices are trading below upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 87.30 level should be taken as selling opportunity targeting 86.80 – 86.60 levels on lower side

* For Intraday session, it has support at 86.80 – 86.60 levels whereas resistance is placed at 87.30 – 87.50 levels

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