NSE Currency Futures Report : 4th June 2019

Insignia Consultants

New Delhi

Tuesday, June 4, 2019

TIME: 9:03 am IST

         

NSE CURRENCY FUTURES REPORT

US dollar is slightly weak. Traders will start taking positions for various US jobs numbers till Friday. Anything can happen. Global investors are investing in India on the hope that policies will be growth oriented. Lack of major competition from other nations globally is also resulting in continued foreign portfolio inflows. Job creation for the masses is like a mirage in a desert at the moment. Jobs are available only for certain certified fields.

NSE CURERNCY FUTURE TECHNICAL LEVELS
	USD/INR JUNE	EURO/INR JUNE	GBP/INR JUNE	JPY/INR JUNE
CMP	69.2225	78.0525	87.8100	64.1450
S5	68.5625	77.1425	86.8975	63.6425
S4	68.7209	77.3609	87.1165	63.7631
S3	68.8925	77.5975	87.3538	63.8938
S2	68.9704	77.7049	87.4614	63.9530
S1	69.0667	77.8377	87.5947	64.0264
R1	69.3783	78.2673	88.0254	64.2636
R2	69.4746	78.4001	88.1586	64.3370
R3	69.5525	78.5075	88.2663	64.3963
R4	69.7241	78.7441	88.5035	64.5269
R5	69.8825	78.9625	88.7225	64.6475
ALL PRICES VERSUS THE INDIAN RUPEE ABOVE
CMP = Current Market Price
FOR SMALL TRADING/JOBBING PURPOSE
ABOVE TECHNICALS ARE ONLY FOR REFERENCE

USD/INR JUNE: 100% retracement is at 69.1100. There will be another wave of sell off only below 69.1100 to 68.8000.

EURO/INR JUNE: Key support is at 77.8750. There can be sharp rise to 78.3250 and 78.6050 as long as euro/inr trades over 77.8750. Crash will be there only below 77.8750.

GBP/INR JUNE: It needs to trade over 87.6850 to be in bullish zone or prevent a crash.

We 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
We do not have any branch.
We do not have any distributors

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)

Join my cause – stop food wastage in our daily lives

By just reducing food wastage we can contribute to prevent global warming. I just want my readers to stop wasting food in their daily lives and also ask their friends and acquaintances to do the same.