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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.10 levels whereas resistance is placed at 81.50 levels. The pair is expected to find support at lower level and trade firm above 81.50 level up to 81.70 and 81.90 levels.

* The EUR/INR futures pair has support at 88.00 levels whereas resistance is placed at 88.40 levels. The pair is expected to find resistance at higher level and trade weak below 88.00 level up to 87.80 and 87.60 levels.

* The GBP/INR futures pair has support at 100.30 levels whereas resistance is placed at 100.80 levels. The pair is expected to find resistance at higher level and trade weak below 100.30 level up to 100.10 and 99.90 levels.

* The JPY/INR futures pair has support at 62.70 levels whereas resistance is placed at 63.30 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

MCX-SILVER (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with negative bias in the last trading session; and prices are trading below horizontal trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 88.40 level should be taken as selling opportunity targeting 88.00 – 87.80 levels on lower side

* For Intraday session, it has support at 88.00 – 87.80 levels whereas resistance is placed at 88.40 – 88.60 levels

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