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USDINR 

opened with a downward gap and remained negative throughout the day. USDINR closed at 82.71 with a loss of 0.21%. On the daily chart USDINR has formed a sizable Bearish candle forming lower Highlow compared to previous session and has closed below previous session's low indicating negative bias Since past five weeks USDINR is consolidating within 83.00-80.40 levels indicating short term consolidation. Currently USDINR is sustaining above its 20- and 50-day SMA which support bullish sentiments in near 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 82.40 level it would witness selling which would take USDINR towards 82.29 - 82.19. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

opened with a downward gap and remained negative throughout the day. EURINR closed at 88.52 with a loss of 0.42 %. On the daily chart EURINR has formed a bearish candle however it remained restricted within High-Low range of the past few trading sessions, indicating absence of strength on either side The EURINR pair seems to be consolidating between 89.20- 88.30 since the past couple of sessions. EURINR 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 EURINR breaks and sustains below 88.30 level it would witness selling which would lead EURINR towards 88.09 - 87.99 levels. However, if EURINR crosses above 89.00 level it would witness buying which would take EURINR towards 89.21 - 89.31. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However, momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a upmove in the near term.

JPYINR

opened with a downward gap and remained negative throughout the day. JPYINR closed at 61.91 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 61.50 level it would witness selling which would lead JPYINR towards 61.29 - 61.19 levels. Important Resistances for the day are placed at 62.41 - 62.51. The daily strength indicator RSI is moving downwards and is quoting below its reference line indicating negative bias. However, momentum oscillator Stochastic has turned positive from the oversold zone indicating a possible consolidation or a upmove in the near term

GBPINR

opened with a downward gap and remained negative throughout the day. GBPINR closed at 99.7025 with a loss of 0.4%. On the daily chart GBPINR has formed a sizable Bearish candle forming lower Highlow compared to previous session and has closed below previous session's low indicating negative bias GBPINR is moving in a Lower Top and Lower Bottom formation on the daily chart indicating sustained down 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 99.50 level it would witness selling which would lead GBPINR towards 99.29 - 99.19 levels. Important Resistances for the day are placed at 100.31 - 100.41. 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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