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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 82.90 levels. The pair is expected to find support at lower level and trade firm above 82.90 level up to 83.10 and 83.30 levels.

* The EUR/INR futures pair has support at 87.70 levels whereas resistance is placed at 88.20 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 99.60 levels whereas resistance is placed at 100.30 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 62.40 levels whereas resistance is placed at 63.00 levels. The pair is expected to find resistance at higher level and trade weak below 62.40 level up to 62.20 and 62.00 levels.

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with mild negative bias in the last trading session but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 82.50 level should be taken as buying opportunity targeting 82.90 – 83.10 levels on higher side

* For Intraday session, it has support at 82.50 – 82.70 levels whereas resistance is placed at 82.90 – 83.10 levels

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