NSE Currency Futures Report : 6th September

Insignia Consultants

New Delhi

Thursday, September 06, 2018

TIME: 9:27 am IST          

NSE CURRENCY FUTURES DAILY REPORT

TECHNICAL VIEW BELOW

US dollar-Indian Rupee September 2018 (usd/inr CMP 72.0575):

One Support: 71.6225
One Resistance: 72.2150

o      Only a break of 72.1600 (yesterday’s high) will trigger a rise to 72.3975-72.5475 and 72.8725.

o      Crash will be there below 71.6225 to 71.2825 and 70.9625.

Euro/Indian Rupee September (Euro/inr CMP 83.9200):
One Support: 83.4050
One Resistance: 84.0125

o      Euro/inr needs to trade over 83.8050 to rise to 84.0125-84.2050 and 84.7525.

o      Sellers will be there below below 83.4050 to 83.2175- 83.0975 and 82.7975.

UK Pound/Indian Rupee September (Gbp/inr CMP 93.0550):
One Support: 92.6000
One Resistance: 93.3250

o      Only a break of 93.0875 will result in 93.3250 and 93.7750.

o      Sellers will be there below 92.6000.

o      Gbp/inr needs a daily close over 92.7500 till Monday to zoom in the short term to 95.6575 in the short term.

Japanese Yen/Indian Rupee September (Jpy/inr CMP 64.7450):
One Support: 64.3250
One Resistance: 64.7925

o      A break of 64.7925 will result in 64.9175 and 65.1025.

o      Sellers will be there below 64.3250.

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

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)

All foreign exchange prices are for inter-bank rates.