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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.20 levels. The pair is expected to find support at lower level and trade firm above 82.20 level up to 82.40 and 82.60 levels.

* The EUR/INR futures pair has support at 87.00 levels whereas resistance is placed at 87.50 levels. The pair is expected to find resistance at higher level and trade weak below 87.00 level up to 86.70 and 86.50 levels.

* The GBP/INR futures pair has support at 98.30 levels whereas resistance is placed at 98.70 levels. The pair is expected to find resistance at higher level and trade weak below 98.30 level up to 98.00 and 97.80 levels.

* The JPY/INR futures pair has support at 60.30 levels whereas resistance is placed at 60.70 levels. The pair is expected to find resistance at higher level and trade weak below 60.30 level up to 60.10 and 59.90 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with a positive bias in the last trading session; but prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 98.90 level should be taken as selling opportunity targeting 98.30 – 98.00 levels on lower side

* For Intraday session, it has support at 98.30 – 98.00 levels whereas resistance is placed at 98.70 – 98.90 levels

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