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USDINR

USDINR opened on a flat note but buying led USDINR upwards to end in the green. USDINR closed at 76.24 with a gain of 0.28 %.

On the daily chart USDINR has formed a sizable Bullish candle forming higher HighLow compare to previous session indicating positive bias USDINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently USDINR is sustaining above its 20 and 50 day SMA which support bullish sentiments in near term.

For the day if USDINR trade and sustains above 76.30 levels then it may move further upward towards 76.45-76.60 levels. On the downside an immediate intraday support is around 76 levels..

The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

EURINR

EURINR opened with downward gap and remained extreme volatile throughout the session.. EURINR closed at 82.94 with a loss of 0.11 %.

On the daily chart EURINR has formed a small bullish candle with shadows on either side representing extreme volatility as well as indecisiveness amongst participants regarding the direction EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. EURINR is trading below 20 day SMA which is important short term moving average, indicating negative bias in the short to medium term

The chart pattern suggests that if EURINR breaks and sustains below 82.75 level it would witness selling which would lead EURINR towards 82.60-82.45 levels. Important Resistances for the day are placed at 83.45-83.60

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 an upward gap and remained lackluster within narrow trading range throughout the day. JPYINR closed at 60.87 with a gain of 0.22 %. On the daily chart JPYINR has formed a bearish candle carrying eitherside shadows representing extreme volatility throughout the session 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 60.65 level it would witness selling which would lead JPYINR towards 60.50 -60.40 levels. Important Resistances for the day are placed at 61.35-61.50. 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 traded with extreme volatility on either side to end on a flat note. GBPINR closed at 99.25 with a gain of 0.12 %. On the daily chart GBPINR has formed a bearish candle carrying eitherside shadows representing extreme volatility throughout the session GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. GBPINR is trading below 20 day SMA's which is important short term moving average, indicating negative bias in the short to medium term The chart pattern suggests that if GBPINR breaks and sustains below 98.85 level it would witness selling which would lead GBPINR towards 98.25-98.15 levels. Important Resistances for the day are placed at 99.60-99.75. 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

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