NSE Currency Futures Report : 20th March 2019

Insignia Consultants

New Delhi

Wednesday, March 20, 2019

TIME: 9:07 am IST

         

NSE CURRENCY FUTURES REPORT

There will be short covering if rupee weakens against the US dollar today. Tomorrow India is closed. FOMC meet is tonight. Anything can happen on Friday. Month demand will zoom if rupee weakens today and till Monday.

US dollar-Indian Rupee 27^th March 2019 future (usd/inr CMP 69.1125):

One Support: 68.9825
One Resistance: 69.3050

o      There will be short covering if usd/inr manages to break and trade over 69.25-69.30 zone to 69.56 and more.

o      Today sell off will be there below 68.9825 support.

Euro/Indian Rupee 27^th March 2019 Futures (Euro/inr CMP 78.5000):
One Support: 78.3050
One Resistance: 78.7050

o      Euro/inr needs to trade over 78.3050 to rise to 78.9225 and 79.1450.

o      Sell off will be there below 78.3050.

UK Pound/Indian Rupee 27^th March 2019 Futures (Gbp/inr CMP 91.6625):
One Support: 91.5350
One Resistance: 92.0675

o      Gbp/inr can rise to 92.2350 as long as it trades over 91.5350.

o      Till Friday, crash will be there only below 91.5350.

Japanese Yen/Indian Rupee 27^th March 2019 Futures (Jpy/inr CMP 61.9950):
One Support: 61.8550
One Resistance: 62.1575

o      Crash will be there only below 61.8550.

o      Watch 62.0000. Jpy/inr can move 30-40 either side anytime.

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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