Insignia Consultants
New Delhi
Monday, January 14, 2019
TIME: 9:08 am IST
NSE CURRENCY FUTURES DAILY REPORT
Focus will be on murmuring before the last budget of the current
parliament over the month end. Crude oil prices and direction of global stocks
and bonds will dictate rupee. Pound will be very volatile on Brexit
flipflop. Euro should break key
resistances for another wave of rise. Domestic factors will have a greater
impact on the rupee than global factors in the short term.
US dollar-Indian Rupee 29th January 2019 future (usd/inr CMP 70.6050):
One Support: 70.3075One Resistance: 70.9000
o
Usd/inr
needs to trade over 70.6025 to rise to 70.9000 and 71.1175.
o
Small
sell off will be there below 70.6025.
o
Crash
will be there below 70.3075.
Euro/Indian Rupee 29th
January 2019 Futures (Euro/inr CMP 81.0650): One Support: 80.8850
One Resistance: 81.3300
o
200
day moving average at 81.3300 is the key resistance.
o
Euro/inr
needs to break and trade over 81.3300 to rise to 82.4900.
o
Small
sell off will be there only below 80.8850.
UK Pound/Indian Rupee 29th
January 2019 Futures (Gbp/inr CMP 90.7025): One Support: 90.4000
One Resistance: 91.0300
o
200
week moving average is at 91.0300. A break of 91.0300 will trigger another wave
of rise to 91.3900 and 91.8100.
o
Small
sell off will be there below 90.4000.
o
There
can be very sharp two way moves.
Japanese Yen/Indian Rupee 29th
January 2019 Futures (Jpy/inr CMP 65.3675): One Support: 64.9575
One Resistance: 65.6300
o
Only
a break of 65.6300 will trigger a rise to 65.9525 and 66.3025.
o
Small
sell off will be there below 65.1775.
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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