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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 83.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 87.50 levels whereas resistance is placed at 88.10 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 101.60 levels whereas resistance is placed at 102.10 levels. The pair is expected to find resistance at higher level and trade weak below 101.60 level up to 101.40 and 101.20 levels.

* The JPY/INR futures pair has support at 60.60 levels whereas resistance is placed at 60.90 levels. The pair is expected to find resistance at higher level and trade weak below 60.60 level up to 60.40 and 60.20 levels.

CHART OF THE DAY

GBPINR (DAILY CHART)

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session and prices are trading below upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 102.10 level should be taken as selling opportunity targeting 101.60 – 101.40 levels on lower side

* For Intraday session, it has support at 101.60 – 101.40 levels whereas resistance is placed at 102.10 – 102.30 levels

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