IGI Logo

USDINR

USDINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. USDINR closed at 82.93 with a gain of 0.09 %. On the daily chart USDINR has formed a bullish candle however it remained restricted within previous two session's High-Low range indicating absence of strength on either side 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. The chart pattern suggests that if USDINR crosses and sustains above 83.10 level it would witness buying which would lead USDINR towards 83.30-83.45 levels. However if USDINR breaks below 82.65 level it would witness selling which would take USDINR towards 82.50-82.35. 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

EURINR

EURINR opened with a downward gap however buying momentum throughout the session led it to close on strong note.. EURINR closed at 82.16 with a loss of 0.33 %. On the daily chart EURINR has formed a Bullish candle carrying either side shadows indicating extreme volatility EURINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently EURINR is sustaining above its 20 day and 50 day SMA which support bullish sentiments in near term. The chart pattern suggests that if EURINR crosses and sustains above 82.40 level it would witness buying which would lead EURINR towards 82.60-82.80 levels. However if EURINR breaks below 82.05 level it would witness selling which would take EURINR towards 81.90-81.75. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

JPYINR 

JPYINR opened with a downward gap however buying momentum throughout the session led it to close on positive note.. JPYINR closed at 56.60 with a gain of 0.19 %. On the daily chart JPYINR has formed a bullish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side 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 56.30 level it would witness selling which would lead JPYINR towards 56.10-55.90 levels. Important Resistances for the day are placed at 56.90-57.10. The daily strength indicator RSI and momentum oscillator Stochastic both are in positive territory which supports upside strength

GBPINR

GBPINR opened with a downward gap and remained negative throughout the day. GBPINR closed at 95.42 with a loss of 0.2 %. On the daily chart GBPINR has formed a bearish candle however it remained restricted within previous session's HighLow range indicating absence of strength on either side GBPINR continue to move in past couple of trading session's High-Low range representing lackluster movement. Currently GBPINR is sustaining above its 20 day SMA which support bullish sentiments in near term. The chart pattern suggests that if GBPINR crosses and sustains above 97.75 level it would witness buying which would lead GBPINR towards 97.95-98.15 levels. However if GBPINR breaks below 97.30 level it would witness selling which would take GBPINR towards 97-96.80. 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

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer