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USDINR

USDINR opened on a flat note and traded with positive bias in narrow range throughout the day. USDINR closed at 82.71 with a gain of 0.11%. USDINR opened with an upward gap and buying momentum throughout the session led it to close near day’s high. Since past couple of sessions USDINR is consolidating within 83.00-82.50 levels indicating short term consolidation. USDINR is trading below 20-day SMA's which are important short-term moving average, indicating negative bias in the short term The chart pattern suggests that if USDINR crosses and sustains above 83.00 level it would witness buying which would lead USDINR towards 83.11 - 83.21 levels. However, if USDINR breaks below 82.50 level it would witness selling which would take USDINR towards 82.39 - 82.29. The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However, momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term.

EURINR

EURINR opened on a flat note however selling pressure throughout the session led EURINR downwards to end near the low of the day. EURINR closed at 87.97 with a loss of 0.24 %. On the daily chart EURINR has formed a small Bearish candle forming higher Highlow compared to previous session indicating positive bias The EURINR pair seems to be moving between 87.60- 89.00 since the past couple of sessions. 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 88.50 levels then it may move further upward towards 88.71 - 88.81 levels. On the downside an immediate intraday support is around 87.60 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 negative throughout the day. JPYINR closed at 60.785 with a loss of 0.69 %. On the daily chart JPYINR has formed a Bearish candle forming lower High-low compared to previous session and has closed below previous session's low 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. The chart pattern suggests that if JPYINR breaks and sustains below 60.50 level it would witness selling which would lead JPYINR towards 60.29 - 60.19 levels. However, if JPYINR crosses above 61.20 level it would witness buying which would take JPYINR towards 61.41 - 61.51. 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 a downward gap and remained negative throughout the day. GBPINR closed at 99.1 with a loss of 0.37%. On the daily chart GBPINR has formed a small bearish candle forming lower High-low compared to previous session indicating negative bias Since past 4-5 sessions GBPINR continue to consolidate within 100.50-98.80 levels indicating short term sideways trend. GBPINR is trading below 20- and 50-day SMA's which indicating negative bias in the short term. The chart pattern suggests that if GBPINR breaks and sustains below 99.00 level it would witness selling which would lead GBPINR towards 98.79 - 98.69 levels. Important Resistances for the day are placed at 99.71 - 99.81. 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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