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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 89.50 levels whereas resistance is placed at 90.00 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 102.70 levels whereas resistance is placed at 103.10 levels. The pair is expected to find support at lower level and trade firm above 103.10 level up to 103.30 and 103.50 levels.

* The JPY/INR futures pair has support at 60.40 levels whereas resistance is placed at 61.00 levels. The pair is expected to find resistance at higher level and trade weak below 60.40 level up to 60.20 and 60.00 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a mild negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 102.70 level should be taken as buying opportunity targeting 103.10 – 103.30 levels on higher side

* For Intraday session, it has support at 102.70 – 102.50 levels whereas resistance is placed at 103.10 – 103.30 levels

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