Powered by: Motilal Oswal
01-01-2024 09:16 AM | Source: Monarch Networth Capital
The USD/INR futures pair has support at 83.00 levels whereas resistance is placed at 83.40 levels - Monarch Networth Capital

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

* The USD/INR futures pair has support at 83.00 levels whereas resistance is placed at 83.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 92.00 levels whereas resistance is placed at 92.40 levels. The pair is expected to find resistance at higher level and trade weak below 92.00 level up to 91.90 and 91.80 levels

* The GBP/INR futures pair has support at 105.90 levels whereas resistance is placed at 106.30 levels. The pair is expected to find resistance at higher level and trade weak below 105.90 level up to 105.80 and 105.70 levels

* The JPY/INR futures pair has support at 58.80 levels whereas resistance is placed at 59.20 levels. The pair is expected to range bound until either side level is breached

GBPINR

 

Strategy: Intraday

* GBPINR pair traded with positive bias in the last trading session; but prices are trading below upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 106.30 level should be taken as selling opportunity targeting 105.90 – 105.80 levels on lower side

* For Intraday session, it has support at 105.90 – 105.80 levels whereas resistance is placed at 106.30 – 106.40 levels

 

Please refer disclaimer at https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

To Read Complete Report & Disclaimer     Click Here

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