NSE Currency Futures Report : 7th Freruary 2019

Insignia Consultants

New Delhi

Thursday, February 7, 2019

TIME: 9:20 am IST

         

NSE CURRENCY FUTURES DAILY REPORT

US dollar gains will prevent sharp falls for rupee. Euro and pound are bearish. Yen continues to be in a neutral zone. News will be the key. Volatility will rise till tomorrow. 

US dollar-Indian Rupee 26^th February 2019 future (usd/inr CMP 71.8025):

One Support: 71.6775
One Resistance: 71.9675

o      It can rise to 72.0225 and 72.1975 as long as it trades over 71.6775.

o      Sellers will be there only below 71.6775.

Euro/Indian Rupee 26^th February 2019 Futures (Euro/inr CMP 81.6950):
One Support: 81.5625
One Resistance: 81.9050

o      Crash will be there below 81.5625.

o      There can be sharp rise if euro/inr does not fall below 81.5625 to 82.0200 and 82.1650.

UK Pound/Indian Rupee 26^th February 2019 Futures (Gbp/inr CMP 92.9075):
One Support: 92.7350
One Resistance: 93.1075

o      Key support till Friday is at 92.7350.

o      Crash will be there below 92.7350

o      Gbp/inr needs to trade over 93.1075 to be in intraday bullish zone.

Japanese Yen/Indian Rupee 26^th February 2019 Futures (Jpy/inr CMP 65.4175):
One Support: 65.3675
One Resistance: 65.6200

o      Crash will be there only below 65.2200.

o      Jpy/inr needs to trade over 65.5400 to rise further.

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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