Kedia Commodities

Published on 10/03/2021 9:47:38 AM

EURINR

EURINR trading range for the day is 86.87-87.38.

Euro has been under pressure as investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.

Euro depreciated as investors turned to bond yields and the dollar after the US Senate passage of a $1.9 trillion stimulus bill.

Eurozone investor confidence improved to the highest level in more than a year in March as lockdowns had little negative impact

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Kedia Commodities

Published on 10/03/2021 9:47:01 AM

USDINR

USDINR trading range for the day is 72.81-73.71.

USDINR dropped as investors hoped for a quicker economic recovery helped by the COVID-19 vaccination rollout and a growth-focused federal budget.

India's February trade deficit widens to $12.88 billion: trade ministry

Speculators cut their net short dollar positions in the latest week, according to CFTC.

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Kedia Commodities

Published on 10/03/2021 9:44:30 AM

INTRADAY: BUY EURINR  ABV 86.93 SL BELOW 86.70 TGT 87.18. CMP: 86.93. NSECD

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Kedia Commodities

Published on 10/03/2021 9:44:19 AM

INTRADAY: BUY USDINR  MAR ABV 73.11 SL BELOW 72.98 TGT 73.24. CMP: 73.11. NSECD

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Kedia Commodities

Published on 10/03/2021 9:44:04 AM

I. FOM: SELL JPYINR  MAR BELOW 67.21 SL ABV 67.31 TGT 67.10. CMP: 67.21. NSECD

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Kedia Commodities

Published on 10/03/2021 9:43:51 AM

I. FOM: SELL GBPINR  MAR BELOW 101.36 SL ABV 101.50 TGT 101.20. CMP: 101.36. NSECD

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Kedia Commodities

Published on 10/03/2021 9:43:37 AM

C. BREAKOUT: 1ST TGT ACHIEVED IN EURINR  MAR AT 86.85, PROFIT RS.260.00. NSECD

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Kedia Commodities

Published on 10/03/2021 9:43:16 AM

KEDIA’S USDINR TODAY'S VIEW

Close:73.14 and Chg: -0.34%

View for the Day: USDINR settled down -0.34% at 73.14 as investors hoped for a quicker economic recovery helped by the COVID-19 vaccination rollout and a growth-focused federal budget.  Technically market is under long liquidation as market has witnessed drop in open interest by -1.36% to settled at 2465709 while prices down -0.25 rupees, now USDINR is getting support at 72.97 and below same could see a test of 72.81 levels, and resistance is now likely to be seen at 73.42, a move above could see prices testing 73.71.
Support: 72.81 and Resistance: 73.71

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Kedia Commodities

Published on 10/03/2021 9:42:34 AM

KEDIA: CURRENCY LEVELS

JPYINR - 67.325
Resistance: 67.42-67.52-67.64
Support: 67.2-67.08-66.98

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Kedia Commodities

Published on 10/03/2021 9:42:16 AM

KEDIA: CURRENCY LEVELS

GBPINR - 101.5475
Resistance: 101.71-101.87-102.02
Support: 101.4-101.25-101.09

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