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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.10 levels whereas resistance is placed at 79.50 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.80 levels whereas resistance is placed at 81.30 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 94.80 levels whereas resistance is placed at 95.20 levels. The pair is expected to find support at lower levels and trade firm above 95.20 level up to 95.40 and 95.60 levels.

* The JPY/INR futures pair has support at 58.40 levels whereas resistance is placed at 58.70 levels. The pair is expected to find resistance at higher levels and trade weak below 58.40 level up to 58.20 and 58.00 levels.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 94.80 level should be taken as buying opportunity targeting 95.20 – 95.40 levels on higher side

* For Intraday session, it has support at 94.80 – 94.60 levels whereas resistance is placed at 95.20- 95.40 levels

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