NSE Currency Future Report: 18th September 2019

By: Admin
5538

Insignia Consultants

New Delhi

Wednesday, 18 September 2019

TIME 9:33AM IST                          

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NSE CURRENCY FUTURE DAILY REPORT

Crude oil cooled and rupee gained against the US dollar. FOMC meet tonight will be the key. Traders will start taking positions for year end after the FOMC. I just hope the Federal Reserve is not hawkish. Inflation needs to be closely watched in India due to cyclical factors. There should be a big gap between today’s close and tomorrow’s open.

NSE CURRENCY FUTURE -- SEPTEMBER FUTURE

 

USD/INR

EURO/INR

GBP/INR

JPY/INR

CMP

71.5875

79.2575

89.3250

66.1900

S5

70.5975

78.7900

88.2975

65.6950

S4

70.8351

78.9022

88.5441

65.8138

S3

71.0925

79.0238

88.8113

65.9425

S2

71.2093

79.0789

88.9325

66.0009

S1

71.3539

79.1472

89.0825

66.0732

 

 

 

 

 

R1

71.8211

79.3678

89.5675

66.3068

R2

71.9657

79.4361

89.7175

66.3791

R3

72.0825

79.4913

89.8388

66.4375

R4

72.3399

79.6128

90.1059

66.5662

R5

72.5775

79.7250

90.3525

66.6850

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

  1. USD/INR SEPTEMBER 2019:  (a) Crash will be there only if rupee trades below 71.3650. (b) Trend is neutral. (c) Usd/inr needs to trade over 71.7050 today to rise further.
  2. EURO/INR SEPTEMBER 2019:  (a) Key resistance is at 79.7600. (b) There will be another wave of rise over 79.7600 to 80.0200. (c) Crash will be there below 79.3525.
  3. GBP/INR SEPTEMBER 2019:  (a) Gbp/inr needs to trade over 89.2050 to rise to 89.6150 and 89.8025 (b) Correction upto 89.0325 are a part and parcel of the bullish trend.
  4. JPY/INR SEPTEMBER 2019:  (a) Yen/inr can fall to 65.8500 and 65.2075 by tomorrow as long as it trades below 65.8500.

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.

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NOTES TO THE ABOVE REPORT

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