Insignia Consultants
New Delhi
Wednesday, 18 September
2019
TIME
9:33AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Crude oil cooled and rupee gained against the US
dollar. FOMC meet tonight will be the key. Traders will start taking positions
for year end after the FOMC. I just hope the Federal Reserve is not hawkish.
Inflation needs to be closely watched in India due to cyclical factors. There
should be a big gap between today’s close and tomorrow’s open.
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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
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|
CMP
|
71.5875
|
79.2575
|
89.3250
|
66.1900
|
|
S5
|
70.5975
|
78.7900
|
88.2975
|
65.6950
|
|
S4
|
70.8351
|
78.9022
|
88.5441
|
65.8138
|
|
S3
|
71.0925
|
79.0238
|
88.8113
|
65.9425
|
|
S2
|
71.2093
|
79.0789
|
88.9325
|
66.0009
|
|
S1
|
71.3539
|
79.1472
|
89.0825
|
66.0732
|
|
|
|
|
|
|
|
R1
|
71.8211
|
79.3678
|
89.5675
|
66.3068
|
|
R2
|
71.9657
|
79.4361
|
89.7175
|
66.3791
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R3
|
72.0825
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79.4913
|
89.8388
|
66.4375
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|
R4
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72.3399
|
79.6128
|
90.1059
|
66.5662
|
|
R5
|
72.5775
|
79.7250
|
90.3525
|
66.6850
|
|
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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) Crash will be there
only if rupee trades below 71.3650. (b) Trend is neutral. (c) Usd/inr needs to
trade over 71.7050 today to rise further.
2. EURO/INR
SEPTEMBER 2019: (a) Key resistance is at
79.7600. (b) There will be another wave of rise over 79.7600 to 80.0200. (c)
Crash will be there below 79.3525.
3. GBP/INR
SEPTEMBER 2019: (a) Gbp/inr needs to
trade over 89.2050 to rise to 89.6150 and 89.8025 (b) Correction upto 89.0325
are a part and parcel of the bullish trend.
4. JPY/INR
SEPTEMBER 2019: (a) Yen/inr can fall to
65.8500 and 65.2075 by tomorrow as long as it trades below 65.8500.
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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