Wednesday, 28 August 2019

NSE Currency Futures Report : 28th August 2019


Insignia Consultants
New Delhi
Wednesday, 28 August 2019
TIME 9:07AM IST                          

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NSE CURRENCY FUTURE DAILY REPORT

Rupee will gain against the US dollar, if there is no negative news on the domestic front. Globally there is nothing. Traders will start taking positions from end September and US August nonfarm payrolls next week. Intraday volatility will rise.
I am against going long in usd/inr today, unless there is some news to justify the same.
NSE CURRENCY FUTURE -- SEPTEMBER FUTURE

USD/INR
EURO/INR
GBP/INR
JPY/INR
CMP
71.7525
79.7400
88.1100
67.8425
S5
70.9325
78.5250
86.8800
66.7475
S4
71.1293
78.8166
87.1752
67.0103
S3
71.3425
79.1325
87.4950
67.2950
S2
71.4393
79.2759
87.6401
67.4242
S1
71.5590
79.4533
87.8197
67.5841





R1
71.9460
80.0267
88.4003
68.1009
R2
72.0657
80.2041
88.5799
68.2608
R3
72.1625
80.3475
88.7250
68.3900
R4
72.3757
80.6634
89.0448
68.6747
R5
72.5725
80.9550
89.3400
68.9375

CMP= Current price market price
ABOVE TECHNICALS ARE ONLY FOR REFERENCE

1.    USD/INR SEPTEMBER 2019:  Crash or sell off will be there only below 71.5950 today. Key resistance is at 71.9850.
2.    EURO/INR SEPTEMBER 2019:  Euro/inr needs to trade over 79.5125 to rise to 80.1850. Crash will be there below 79.5125.
3.    GBP/INR SEPTEMBER 2019:  Gbp/inr can rise to 88.7650 by tomorrow as long as it trades over 87.7550.
4.    JPY/INR SEPTEMBER 2019:  Yen needs to trade over 67.7050 to rise to 68.1250 and 68.3650. Over brought. Sharp correction can happen anytime.
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.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
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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