NSE Currency Futures Report : 10th May 2019

Insignia Consultants

New Delhi

Friday, May 10, 2019

TIME: 9:05 am IST

         

NSE CURRENCY FUTURES REPORT

Trend for the rupee is to weaken against the US dollar. A fundamentally weak Indian economy also with uncertainty over US-China trade talks will result in traders going long for the weekend and not short.

Only a confirmed US-China trade deal will result in rupee gaining the US dollar next week. Election impact will also be there next week.

NSE CURERNCY FUTURE TECHICAL
	USD/INR  MAY	EURO/INR  MAY	GBP/INR  MAY	JPY/INR MAY
CMP	70.1300	78.8775	91.3375	63.8900
S5	69.5475	78.0587	90.4934	63.1775
S4	69.6819	78.2388	90.7138	63.3401
S3	69.8275	78.3205	90.8138	63.5163
S2	69.8936	78.4216	90.9375	63.5962
S1	69.9753	78.7475	91.1250	63.6951
R1	70.2397	78.9325	91.5625	64.0149
R2	70.3214	79.0450	91.5625	64.1138
R3	70.3875	79.1125	91.7825	64.1938
R4	70.5331	79.2775	91.9850	64.3699
R5	70.6675	79.5900	92.0350	64.5325
ALL PRICES VERSUS THE INDIAN RUPEE ABOVE
CMP = Current Market Price
FOR SMALL TRADING/JOBBING PURPOSE
ABOVE TECHNICALS ARE ONLY FOR REFERENCE

PLEASE NOTE

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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