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USDINR

USDINR opened with a downward gap however buying momentum throughout the session led it to close on strong note. USDINR closed at 82.24 with a gain of 0.12%. On the daily chart USDINR has formed a sizable bullish candle near an important support level indicating positive bias Since past couple of sessions USDINR is consolidating within 82.30-81.70 levels indicating short term consolidation. 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. The chart pattern suggests that if USDINR crosses and sustains above 82.30 level it would witness buying which would lead USDINR towards 82.41 - 82.51 levels. However, if USDINR breaks below 82.00 level it would witness selling which would take USDINR towards 81.89 - 81.79. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EEURINRURINR opened with an upward gap and traded positive in initial half. However, profit booking in second half erased most of the earlier gains which led EURINR to close on near the day's low. EURINR closed at 87.73 with a gain of 0.67%. On the daily chart EURINR has formed a Bullish candle but traded within a small range indicating lack of strength EURINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. EURINR is trading below 20- and 50-day SMA's which indicating negative bias in the short term, For the day if EURINR trade and sustains above 88.00 levels then it may move further upward towards 88.21 - 88.31 levels. On the downside an immediate intraday support is around 87.50 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned positive from the oversold zone and are above their respective reference lines indicating positive bias

JPYINR

JPYINR opened with an upward gap and remained in positive terrain throughout the day. JPYINR closed at 61.79 with a gain of 2.53 %. On the daily chart JPYINR has formed a sizable bullish candle forming higher HighLow compare to previous session and closed above previous session's high indicating positive bias. JPYINR is moving in a Higher Top and Higher Bottom formation since the past two sessions, indictaing temporary up move in the pair. JPYINR is sustaining above its 20 day SMA which signals bullish sentiments in near term For the day if JPYINR trade and sustains above 62.00 levels then it may move further upward towards 62.21 - 62.31 levels. On the downside an immediate intraday support is around 61.60 levels. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with an upward gap and remained in positive terrain throughout the day. GBPINR closed at 99.17 with a gain of 0.75 %. On the daily chart GBPINR has formed a sizable bullish candle forming higher HighLow compared to previous session and closed above previous session's high indicating positive bias. GBPINR is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. GBPINR is trading below 20- and 50-day SMA's which indicating negative bias in the short term For the day if GBPINR trade and sustains above 99.30 levels then it may move further upward towards 99.51 - 99.61 levels. On the downside an immediate intraday support is around 99.00 levels. The daily strength indicator RSI and momentum oscillator Stochastic have both turned positive from the oversold zone and are above their respective reference lines indicating positive bias

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