Insignia Consultants
New Delhi
Thursday, 12 September
2019
TIME
9:08AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Short positions are getting
built in euro against the US dollar before the European central bank meeting
today. Traders are on the sidelines in pound and yen. Trade war is not yet
over. Expansionist monetary policy by major central banks will be the key mover
of currency markets for the rest of the year. Domestic news and domestic demand
will affect Indian rupee against the US dollar.
I expect a big gap between
today’s close and tomorrow’s open. Low risk traders should close their open
positions today or use very high stop losses.
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NSE CURRENCY FUTURE -- SEPTEMBER
FUTURE
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|
USD/INR
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EURO/INR
|
GBP/INR
|
JPY/INR
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|
CMP
|
71.5400
|
78.8900
|
88.2600
|
66.2875
|
|
S5
|
71.0000
|
77.9925
|
87.1550
|
65.5450
|
|
S4
|
71.1296
|
78.2079
|
87.4202
|
65.7232
|
|
S3
|
71.2700
|
78.4413
|
87.7075
|
65.9163
|
|
S2
|
71.3337
|
78.5472
|
87.8379
|
66.0039
|
|
S1
|
71.4126
|
78.6782
|
87.9992
|
66.1123
|
|
|
|
|
|
|
|
R1
|
71.6674
|
79.1018
|
88.5208
|
66.4627
|
|
R2
|
71.7463
|
79.2328
|
88.6821
|
66.5711
|
|
R3
|
71.8100
|
79.3388
|
88.8125
|
66.6588
|
|
R4
|
71.9504
|
79.5721
|
89.0998
|
66.8518
|
|
R5
|
72.0800
|
79.7875
|
89.3650
|
67.0300
|
|
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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 support or key
price to watch is 71.4500. Crash to 71.1200 and 70.9325 will be there if
usd/inr falls below 71.4500 either today or tomorrow.
2. EURO/INR
SEPTEMBER 2019: (a) Euro/inr needs to
trade over 78.7950 to rise to 79.3400 and 79.6750.(b) Sell off will be if
euro/inr trades below 78.7950 to 78.2150.
3. GBP/INR
SEPTEMBER 2019: (a) Gbp/inr needs to
trade over 87.9275 till tomorrow to rise to 88.8125 and 89.3650. (b) Crash will
be there below 87.9275.
4. JPY/INR
SEPTEMBER 2019: Key support is at
66.0450. Crash till tomorrow will be there only below 66.0450.
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
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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