NSE Currency Future Call Performance: 19th May

By: Admin
84803

Insignia Consultants

New Delhi

Tuesday, 19 May 2020

5:10PM IST

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NSE Currency future trading calls performance

Trading calls given in the morning.

NSE CURRENCY FUTURE TRADING CALLS

19-05-2020

10:29

 

CMP

SUPPORT

RESISTANCE

Buy above/stop loss

Sell below/stop loss

USD/INR MAY

? 75.8025

? 75.6750

? 75.9200

 

70.6950/75.7625

EURO/INR MAY

? 82.6800

? 82.3200

? 82.8625

No call

 

GBP/INR MAY

? 92.5350

? 92.2850

? 92.6150

92.6150/92.5650

No call

JPY/INR MAY

? 70.5450

? 70.7800

? 70.3425

 

70.4850/70.5650

 

USD/INR MAY (closing Price 75.6625/75.6700): 2 PAISA PROFIT PER LOT ON MTM

GBP/INR MAY (closing Price 92.6300/92.6500): 3 PAISA PROFIT PER LOT ON MTM

JPY/INR MAY (closing Price 70.2275/70.2475): 23.75 PAISA PROFIT PER LOT ON MTM

MARK TO MARKET (MTM) PROFIT FOR ALL CURRENCY TRADES: 28.75 PAISA

Closing View: It is not easy to trade for the short term. Trend is changing with passage of each day. Monday 25th May is a holiday (Eid). Traders will start taking position for Tuesday (26th May) as the week progress. Nations where COVID continued to rise has been sharp currency weakness. UK Pound is the best example. India’s COVID cases are rising with passing of each day. If COVID infections does not show sharp decline on or before 31st May, then rupee will weaken sharply against the major currencies in June.

Change of weather and opening of lockdown will result in very sharp rise in retail demand for everything for the next one month. Thereafter retail demand will fall sharply. July will be big month for Indian economy both for growth purpose and ability/inability to near eliminate COVID spread.

(please do not go buy pace of rise or pace of decline in COVID. Follow the real numbers in totality.)

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Insignia Consultants does not have any branches in India.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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