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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.30 levels. The pair is expected to find support at lower level and trade firm above 82.30 level up to 82.50 and 82.70 levels.

* The EUR/INR futures pair has support at 89.60 levels whereas resistance is placed at 90.10 levels. The pair is expected to find resistance at higher level and trade weak below 89.60 level up to 89.40 and 89.20 levels.

* The GBP/INR futures pair has support at 103.30 levels whereas resistance is placed at 103.80 levels. The pair is expected to find resistance at higher level and trade weak below 103.30 level up to 103.10 and 102.90 levels.

* The JPY/INR futures pair has support at 61.00 levels whereas resistance is placed at 61.60 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 81.90 level should be taken as buying opportunity targeting 82.30 – 82.50 levels on higher side

* For Intraday session, it has support at 81.90 – 81.70 levels whereas resistance is placed at 82.30 – 82.50 levels

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