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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 find support at lower levels and trade firm above 77.90 level up to 78.10 and 78.30 levels.

* The EUR/INR futures pair has support at 83.30 levels whereas resistance is placed at 83.80 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 97.90 levels whereas resistance is placed at 98.30 levels. The pair is expected to find support at lower levels and trade firm above 98.30 level up to 98.50 and 98.70 levels.

* The JPY/INR futures pair has support at 60.70 levels whereas resistance is placed at 61.10 levels. The pair is expected to find resistance at higher levels and trade weak below 60.70 level up to 60.50 and 60.30 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR 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 61.10 level should be taken as selling opportunity targeting 60.70 – 60.50 levels on lower side

* For Intraday session, it has support at 60.70 –60.50 levels whereas resistance is placed at 61.10 – 61.30 levels.

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