NSE Currency Futures Report : 15th March 2019

Insignia Consultants

New Delhi

Friday, March 15, 2019

TIME: 9:03 am IST

         

NSE CURRENCY FUTURES REPORT

Like most central banks bank of japan cuts its growth forecast and export forecast. Yen can fall further.There is nothing much on the rupee. Momentum is down. Next week is Holi. Quarter end and fiscal year end position squaring and rebuilding will start from today. Trading volumes will be thin from next week.

US dollar-Indian Rupee 27^th March 2019 future (usd/inr CMP 69.3475):

One Support: 69.1625
One Resistance: 69.5575

o      Key support till Monday is at 69.1625.

o      Crash will be there below 69.1625 to 69.0550 and 68.9850.

o      Usd/inr needs to trade over 69.4550-69.5000 zone to rise further.

Euro/Indian Rupee 27^th March 2019 Futures (Euro/inr CMP 78.6375):
One Support: 78.4350
One Resistance: 78.8525

o      Crash will be there only below 78.4350.

o      Euro/inr needs to trade over 78.7425 today to rise further.

UK Pound/Indian Rupee 27^th March 2019 Futures (Gbp/inr CMP 91.9150):
One Support: 91.7850
One Resistance: 92.7225

o      Gbp/inr needs to trade over 92.0200 to rise to 92.7200.   

o      Sellers will be there below 91.7850 today.

Japanese Yen/Indian Rupee 27^th March 2019 Futures (Jpy/inr CMP 62.2650):
One Support: 62.1650
One Resistance: 62.4950.

o      Crash will be there only below 62.1650.

o      Jpy/inr needs to trade over 62.4850-62.5500 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
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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)

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