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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.30 levels whereas resistance is placed at 74.70 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 85.40 levels whereas resistance is placed at 85.90 levels. The pair is expected to trade weak below 85.40 levels up to 85.20 and 85.00 levels.

* The GBP/INR futures pair has support at 99.80 levels whereas resistance is placed at 100.30 levels. The pair is expected to trade weak below 99.80 levels up to 99.60 and 99.40 levels.

* The JPY/INR future pair has support at 65.30 levels whereas resistance is placed at 65.70 levels. The pair is expected to trade weak below 65.30 levels up to 65.10 and 64.90 levels

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to sustain below downward trend line in the last trading session.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 100.30 level should be taken as selling opportunity targeting 99.80 – 99.60 levels on lower side

* For Intraday session, it has support at 99.80 – 99.60 levels whereas resistance is placed at 100.20 – 100.40 levels

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