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USDINR

USDINR opened with an upward gap and traded positive in the initial half. However, profit booking in the second half erased most of the earlier gains which led USDINR to close on a flat note. USDINR closed at 82.145 with a gain of 0.15 %. On the daily chart USDINR has formed a small bearish candle carrying upper shadow indicating resistance at higher levels. USDINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. USDINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term.For the day if USDINR trade and sustains above 82.30 levels then it may move further upward towards 82.50-82.80 levels. On the downside an immediate intraday support is around 81.90 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

EURINR

EURINR opened with a downward gap and witnessed selling pressure throughout the session to close near the day's low. EURINR closed at 86.67 with a loss of 0.71 %. On the daily chart EURINR has formed a sizable Bearish candle forming lower Highlow compare to previous session and has closed below previous session's low indicating negative bias EURINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. EURINR is trading below 20 and 50 day SMA which is important short term moving average, indicating negative bias in the short to medium term.For the day if EURINR trade and sustains above 86.90 levels then it may move further upward towards 87.20-87.50 levels. On the downside an immediate intraday support is around 86.60 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

JPYINR

JPYINR opened with a downward gap and remained in a small range throughout the day. JPYINR closed at 60.005 with a loss of 0.93 %. On the daily chart JPYINR has formed a small bearish candle forming lower High-low compare to previous session indicating negative bias JPYINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. JPYINR is trading below 20 and 50 day SMA's which are important short term moving averages, indicating negative bias in the short to medium term. For the day if JPYINR trade and sustains above 60.10 levels then it may move further upward towards 60.30-60.50 levels. On the downside an immediate intraday support is around 59.80 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias

GBPINR

GBPINR opened with an upward gap and remained lackluster within narrow trading range throughout the day. GBPINR closed at 98.6 with a gain of 0.12 %. On the daily chart GBPINR has formed a "Doji" candlestick formation indicating indecisiveness amongst market participants regarding the direction GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down trend. GBPINR is trading below its important moving averages of 20 and 50 day SMA's indicating negative bias in the short to medium term.For the day if GBPINR trade and sustains above 98.90 levels then it may move further upward towards 99.10-99.40 levels. On the downside an immediate intraday support is around 98.40 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias.

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