IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.40 levels whereas resistance is placed at 82.90 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 88.30 levels whereas resistance is placed at 88.70 levels. The pair is expected to find support at lower level and trade firm above 88.70 level up to 88.90 and 89.10 levels

* The GBP/INR futures pair has support at 102.30 levels whereas resistance is placed at 102.80 levels. The pair is expected to find support at lower level and trade firm above 102.80 level up to 103.00 and 103.20 levels

* The JPY/INR futures pair has support at 59.30 levels whereas resistance is placed at 59.70 levels. The pair is expected to find support at lower level and trade firm above 59.70 level up to 59.90 and 60.10 level

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* COPPER prices traded with positive bias during the last trading session; and prices are trading above upward trend line.

* For Intraday session immediate support is at 718 - 714 level and resistance at 726- 730. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 726 - 730 levels on higher side.

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer