NSE Currency Futures Report : 18th March 2019

Insignia Consultants

New Delhi

Monday, March 18, 2019

TIME: 9:03 am IST

         

NSE CURRENCY FUTURES REPORT

Trading volumes will be less as it is a “Holi week”. Most of the traders will close their positions this week. FOMC meet can affect currencies markets only if there is a change in US economic outlook. Momentum is down for the rupee.

US dollar-Indian Rupee 27^th March 2019 future (usd/inr CMP 68.9375):

One Support: 68.8425
One Resistance: 69.0650

o      There can be pull back rallies as long as usd/inr trades over 68.8425.

o      Crash will be there below 68.8425.

Euro/Indian Rupee 27^th March 2019 Futures (Euro/inr CMP 78.2525):
One Support: 78.0900
One Resistance: 78.4400

o      Crash will be there only below 78.0900.

o      100% retracement is at 78.0900.

o      Euro/inr needs to trade over 78.4400 today to rise further to 78.7675 and more.

UK Pound/Indian Rupee 27^th March 2019 Futures (Gbp/inr CMP 91.6800):
One Support: 91.5950
One Resistance: 92.0250

o      Gbp/inr can rise to 92.0250 and 92.4450 as long as it trades below 91.5950.

o      Crash will be there only below 91.5950.

Japanese Yen/Indian Rupee 27^th March 2019 Futures (Jpy/inr CMP 61.8725):
One Support: 61.6500
One Resistance: 62.0650.

o      Crash will be there only below 62.6500 this weej.

o      Jpy/inr needs to trade over 62.0450-62.1050 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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