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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 78.00 levels whereas resistance is placed at 78.40 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 81.20 levels whereas resistance is placed at 81.80 levels. The pair is expected to find support at lower levels and trade firm above 81.80 level up to 82.00 and 82.20 levels.

* The GBP/INR futures pair has support at 94.40 levels whereas resistance is placed at 94.90 levels. The pair is expected to find support at lower levels and trade firm above 94.90 level up to 95.10 and 95.30 levels.

* The JPY/INR futures pair has support at 58.50 levels whereas resistance is placed at 59.00 levels. The pair is expected to find support at lower levels and trade firm above 59.00 level up to 59.20 and 59.40 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with positive bias and managed to closed above downward sloping trending line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 58.50 level should be taken as buying opportunity targeting 59.00 – 59.20 levels on higher side

* For Intraday session, it has support at 58.50 – 58.30 levels whereas resistance is placed at 59.00 – 59.20 levels

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