NSE Currency Futures Report : 8th April 2019

Insignia Consultants

New Delhi

Monday, April 8, 2019

TIME: 9:08 am IST

         

NSE CURRENCY FUTURES REPORT

Sentiment for euro and pound is down. Sustained rise in crude oil prices globally will limit gains for the rupee against the US dollar. European central bank meeting and FOMC minutes can have a trend changing effect on the direction of the US dollar.

US dollar-Indian Rupee 26^th April 2019 future (usd/inr CMP 69.6275):

One Support: 69.4525
One Resistance: 69.80

o      Usd/inr can rise to 69.8000 and 70.1450 as long as it trades over 69.4525

o      Crash will be there only if it trades below 69.4525.

Japanese Yen/Indian Rupee 27^th March 2019 Futures (Jpy/inr CMP 62.6600):
One Support: 62.5850
One Resistance: 62.8000

o      It needs to trade over 62.9050 and 63.1025 as long as it trades over 62.4850.

o      Crash or sell off will be there below 62.4850.

PLEASE NOTE

Over the past one year, we have been giving the “NSE currency future report” for free. From now only one currency will be given for free. You need to subscribe/pay for the daily report. Our daily reports are good if not the best. We DO NOT have a live trading call service for NSE currency futures. We do advise exporters. Importers and corporates in managing their currency risk exposure.

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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