Insignia Consultants
New Delhi
Monday, 26 August 2019
TIME
10:10AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Global factor are affecting
the rupee more than domestic factors. Friday’s new economic measures announced
(after market close) should have resulted in a stronger rupee against the major
currencies. Volatility will rise as the week progresses.
|
NSE CURRENCY FUTURE -- AUGUST FUTURE
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||||
|
|
USD/INR
|
EURO/INR
|
GBP/INR
|
JPY/INR
|
|
CMP
|
72.1250
|
80.4000
|
88.4500
|
68.4200
|
|
S5
|
71.5700
|
79.2200
|
87.2975
|
67.0975
|
|
S4
|
71.7014
|
79.5026
|
87.5711
|
67.4245
|
|
S3
|
71.8438
|
79.8088
|
87.8675
|
67.7788
|
|
S2
|
71.9084
|
79.9477
|
88.0020
|
67.9395
|
|
S1
|
71.9883
|
80.1196
|
88.1685
|
68.1385
|
|
|
|
|
|
|
|
R1
|
72.2467
|
80.6754
|
88.7065
|
68.7816
|
|
R2
|
72.3266
|
80.8473
|
88.8730
|
68.9805
|
|
R3
|
72.3913
|
80.9863
|
89.0075
|
69.1413
|
|
R4
|
72.5336
|
81.2924
|
89.3039
|
69.4955
|
|
R5
|
72.6650
|
81.5750
|
89.5775
|
69.8225
|
|
|
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR
REFERENCE
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1. USD/INR
AUGUST 2019: Key long term resistance
72.6000. Only a break of 72.6000 will trigger another wave of rise. However in
case 72.6000 (seeptember future) is not breached by Friday, then usd/inrt will
correct to 71.5700 and 71.2000. Momentum is up.
2. EURO/INR
AUGUST 2019: It needs to trade over
79.9200 this week to rise to 80.8800. Crash or sell off will be there below
79.9200.
3. GBP/INR
AUGUST 2019: Gbp/inr can rise to 88.8125
and 89.000 as long as it trades over 88.1300. Crash or sell off will be there
below 88.1300.
4. JPY/INR
AUGUST 2019: Key resistance is at
68.8050. Only a break of 68.8050 will trigger another wave of rise to 69.6500.
Sell off will be there if 68.8050 is not breached by tomorrow. Highly over
brought.
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, 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. All analyses used
herein are subjective opinions of the author and should not be considered as
specific investment advice. Investors/Traders must consider all relevant risk
factors including their own personal financial situation before trading.
Websitewww.insigniaconsultants.in. Prepared by
Chintan Karnani
Disclosure: Insignia
consultants or it employees do not have any trading positions on the trading
strategies mentioned above. Our clients do have positions on the trading
strategies mentioned in the above report.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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PLEASE
USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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