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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 78.10 levels whereas resistance is placed at 78.50 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.50 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 95.40 levels whereas resistance is placed at 95.80 levels. The pair is expected to find support at lower levels and trade firm above 95.80 level up to 96.00 and 96.20 levels.

* The JPY/INR futures pair has support at 57.70 levels whereas resistance is placed at 58.00 levels. The pair is expected to find support at lower levels and trade firm above 58.00 level up to 58.20 and 58.40 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 57.70 level should be taken as buying opportunity targeting 58.00 – 58.20 levels on higher side

* For Intraday session, it has support at 57.70 – 57.50 levels whereas resistance is placed at 58.00 – 58.20 levels

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