Insignia Consultants
New Delhi
Friday, December 7, 2018
TIME: 09:24 am IST
NSE CURRENCY FUTURES DAILY REPORT
State elections result will decide the fate of the rupee next
week. Global currency moves will impact the rupee only if it is trend changing.
There can be long periods of consolidation with some sudden knee jerk one way
move.
US dollar-Indian Rupee 27th December 2018 future (usd/inr CMP 70.6375):
One Support: 70.4850One Resistance: 70.7150
o
Small
sell off will be there below 70.4850.
o
Crash
to 69.8450 and 69.6650 will be there if
usd/inr does not break yerterday’s high of 71.3050.
o
There
can be very sharp two way moves.
Euro/Indian Rupee 27th
December 2018 Futures (Euro/inr CMP 80.5075): One Support: 80.3925
One Resistance: 80.6225
o
Small
sell off will be there below 80.6050 and crash below 80.3925.
o
Euro/inr
needs to trade over 80.6225 till Monday to be in bullish zone.
o
Low
risk traders do not leave any open positions for next week.
UK Pound/Indian Rupee 27th
December 2018 Futures (Gbp/inr CMP 90.3250): One Support: 90.0950
One Resistance: 90.4050
o
Gbp/inr
needs to trade over 90.3850 to rise further.
o
Small
sell off will be there below 90.0950.
Japanese Yen/Indian Rupee 27th
December 2018 Futures (Jpy/inr CMP 62.7800): One Support: 62.6000
One Resistance: 63.0950
o
Small
sell off will be there below 62.6000.
o
There
can be a rise to 63.0050 and 63.2250 as long as jpy/inr does not fall below
62.6000.
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.
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