Insignia Consultants
New Delhi
Monday, 16 September 2019
TIME
9:31AM IST
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NSE CURRENCY
FUTURE DAILY REPORT
FOMC meet and bank of Japan
meeting is there. Chinese premiere says that it will be very difficult for
China to grow over six percent. Chinese Yuan will trade with an overall softer
bias for the rest of the year. Today the focus will be crude oil after drone
attack on Saudi Arabia’s key crude oil production facilities. Trump and his
NATO allies are blaming Iran. Trump says that United States
was “locked and loaded” for a potential response to the attack on Saudi
Arabia’s oil facilities. Geopolitical events will affect currency markets as well
as bond yields.
Rupee has opened weaker today against the major
currencies on short covering. Volatility will rise till tomorrow. Day traders
need to remain on the sidelines.
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NSE CURRENCY FUTURE -- SEPTEMBER
FUTURE
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USD/INR
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EURO/INR
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GBP/INR
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JPY/INR
|
|
CMP
|
71.5775
|
79.3200
|
89.2650
|
66.4100
|
|
S5
|
70.7675
|
78.4150
|
87.3550
|
65.4925
|
|
S4
|
70.9619
|
78.6322
|
87.8134
|
65.7127
|
|
S3
|
71.1725
|
78.8675
|
88.3100
|
65.9513
|
|
S2
|
71.2681
|
78.9743
|
88.5354
|
66.0595
|
|
S1
|
71.3863
|
79.1064
|
88.8142
|
66.1935
|
|
|
|
|
|
|
|
R1
|
71.7687
|
79.5336
|
89.7158
|
66.6265
|
|
R2
|
71.8869
|
79.6657
|
89.9946
|
66.7605
|
|
R3
|
71.9825
|
79.7725
|
90.2200
|
66.8688
|
|
R4
|
72.1931
|
80.0078
|
90.7166
|
67.1073
|
|
R5
|
72.3875
|
80.2250
|
91.1750
|
67.3275
|
|
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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
SEPTEMBER 2019: (a) Key price to watch
is 71.5950. Usd/inr can rise to 72.1500 if it manages to trade over 71.5950.
(b) Sellers will be there below 71.4650.
2. EURO/INR
SEPTEMBER 2019: (a) Key resistance is at
79.4800. (b) There will be another wave of rise over 79.4800 to 80.0200. (c)
Crash will be there below 79.1900.
3. GBP/INR
SEPTEMBER 2019: (a) Gbp/inr needs to
trade over 89.2050 till tomorrow to rise to 89.9475 and 90.2125 (b) Crash will
be there below 88.9650.
4. JPY/INR
SEPTEMBER 2019: (a) Key resistance is at
66.6925. Jpy/inr needs to trade over 66.6925 to rise to 67.5325. (b) Watch
66.6925. Jpy/inr can move 100-125 either side anytime from 66.6925.
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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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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