NSE Currency Futures Report : 2nd July 2019

Insignia Consultants

New Delhi

Tuesday, July 2, 2019

TIME: 9:36 am IST

         

NSE CURRENCY FUTURES REPORT

Thursday USA markets are closed. Then US June nonfarm payrolls are on Friday. Budget is also there on Friday. In short there are lots of event risk till Friday. Anything can happen. US dollar will gain against the majors if and when currency prices are dictated by fundamentals. US economy is the strongest among its G7 peers. There can be very sharp and abrupt two way moves till tomorrow. Trade very carefully.

CURRENCY SPOT TECHNICAL LEVELS
	USD/INR JULY	EURO/INR JULY	GBP/INR JULY	JPY/INR JULY
CMP	69.2250	78.2975	87.6625	64.0025
S5	68.9175	77.6525	86.6700	63.1625
S4	68.9913	77.8073	86.9082	63.3641
S3	69.0713	77.9750	87.1663	63.5825
S2	69.1075	78.0511	87.2834	63.6816
S1	69.1524	78.1453	87.4283	63.8043
R1	69.2976	78.4497	87.8967	64.2007
R2	69.3425	78.5439	88.0416	64.3234
R3	69.3788	78.6200	88.1588	64.4225
R4	69.4587	78.7877	88.4168	64.6409
R5	69.5325	78.9425	88.6550	64.8425
ALL PRICES VERSUS THE INDIAN RUPEE ABOVE
CMP = Current Market Price
FOR SMALL TRADING/JOBBING PURPOSE
ABOVE TECHNICALS ARE ONLY FOR REFERENCE

USD/INR:  (a) Key support is at 69.0075. (b) Crash till Friday will be there only below 69.0075 to 68.7875 and 68.4075. (c) Today usd/inr can rise to 69.3950 and 69.6900 as long as it trades over 69.1300. Small sell off will be there below 69.1300.

EURO/INR: (a) It needs to trade over 78.1750 to rise to 78.7300 and 78.8850. (b) Bearish trend will be there below 78.1750 to 78.0350 and 77.9425. (c) Key support till Friday is at 77.9425. Crash or short term bearish trend will be there only if euro/inr trades below 77.9425.

GBP/INR: (a) Key support is at 87.4000. (b) Crash will be there only if pound falls below and trades below 87.4000 to 87.1625 and 86.9650. (c) However there can be sharp rise to 88.0050 and 88.2150 if pound manages to trade over 87.4000.

JPY/INR: (a) Crash will be there if yen trades below 63.9675 to 63.6750 and 63.3525. (b) Yen/inr needs to trade over 64.1675 to be in bullish zone.

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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