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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.70 levels whereas resistance is placed at 83.10 levels. The pair is expected to find resistance at higher level and trade weak below 82.70 level up to 82.50 and 82.30 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 support at lower level and trade firm above 88.40 level up to 88.60 and 88.80 levels.

* The GBP/INR futures pair has support at 98.60 levels whereas resistance is placed at 99.10 levels. The pair is expected to find support at lower level and trade firm above 99.10 level up to 99.30 and 99.50 levels.

* The JPY/INR futures pair has support at 61.30 levels whereas resistance is placed at 61.70 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.10 level should be taken as selling opportunity targeting 82.70 – 82.50 levels on lower side

* For Intraday session, it has support at 82.70 – 82.50 levels whereas resistance is placed at 83.10 – 83.30 levels

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