NSE Currency Future Report: 16th April 2019

By: Admin
41685

Insignia Consultants

New Delhi

Tuesday, April 16, 2019

TIME: 9:16 am IST                  

NSE CURRENCY FUTURES REPORT

Spot value date is Monday. Traders will take positions for Monday. Trade war positive impact on US economy is supporting the US dollar. Momentum is still bullish for the greenback. Tomorrow and Friday Indian currency markets are closed. Short covering and abrupt demand will be the key.

CURRENCY SPOT TECHNICAL LEVELS

 

USD/INR

EURO/INR

GBP/INR

JPY/INR

CMP

69.5750

78.7300

91.1725

62.2350

S5

68.7425

78.2075

90.3325

61.5475

S4

68.9333

78.3473

90.5539

61.7077

S3

69.1400

78.4988

90.7938

61.8813

S2

69.2338

78.5675

90.9026

61.9600

S1

69.3499

78.6525

91.0373

62.0575

 

 

 

 

 

R1

69.7251

78.9275

91.4727

62.3725

R2

69.8412

79.0125

91.6074

62.4700

R3

69.9350

79.0813

91.7163

62.5488

R4

70.1417

79.2327

91.9561

62.7223

R5

70.3325

79.3725

92.1775

62.8825

ALL PRICES VERSUS THE INDIAN RUPEE ABOVE

CMP = Current Market Price

FOR SMALL TRADING/JOBBING PURPOSE

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

 

US dollar-Indian Rupee 26th April 2019 future (usd/inr CMP 69.5750):

One Support: 69.3800

One Resistance: 69.7250

  • Usd/inr can rise to 69.9350 and more as long as it trades over 69.3300-69.3800 zone.
  • Crash till Thursday will be there only below 69.3300.

Euro/Indian Rupee 26th April 2019 Futures (Euro/inr CMP 78.7300):

One Support: 79.5925

One Resistance: 78.9400

  • 100 day moving average is at 79.7400.
  • Euro/inr needs to trade over 79.7400 to rise to 80.6500.

UK Pound/Indian Rupee 26th April 2019 Futures (Gbp/inr CMP 91.1725):

One Support: 91.0325

One Resistance: 91.2550

  • 100 day moving average is at 91.2550.
  • Gbp/inr needs to trade over 91.2550 to rise to 91.5600 and 91.5150.
  • Sellers will be there below 91.0350.

Japanese Yen/Indian Rupee 27th March 2019 Futures (Jpy/inr CMP 62.2350):

One Support: 62.1475

One Resistance: 62.4250

  • Crash or sell off will be there below 62.1475.
  • Key short term support is at 61.9800.

PLEASE NOTE

We DO NOT have a live trading call service for NSE currency futures. We do advise exporters. Importers and corporates in managing their currency risk exposure.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, 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. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

Indian Standard Time (IST): +5:30 GMT

Current Market Price (CMP)

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