Insignia Consultants
Monday, 23 September 2019
TIME 9:06AM
IST
NSE CURRENCY
FUTURE DAILY REPORT
Momentum and trend is down for the rupee against
the US dollar. Quarter end demand from corporates and importers alike will be
key this week. Reduction in corporate taxes will result in more foreign inflows
into Indian stock markets. Risk for the rupee is global crude oil prices.
Traders will start taking positions for next month and next quarter as the week
progresses. Inflows from Non-Resident Indian, Indians working abroad and Indian
origin people, during the festival month of October should be closely watched.
It will prevent sharp weakness against the US dollar.
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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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|
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CMP
|
70.9825
|
78.2725
|
88.6100
|
65.9000
|
|
S5
|
70.3325
|
77.0600
|
87.8100
|
64.7325
|
|
S4
|
70.4950
|
77.3864
|
88.0566
|
64.9911
|
|
S3
|
70.6950
|
77.7400
|
88.3238
|
65.2713
|
|
S2
|
70.7450
|
77.9005
|
88.4450
|
65.3984
|
|
S1
|
70.8650
|
78.0990
|
88.5950
|
65.5557
|
|
|
|
|
|
|
|
R1
|
71.0675
|
78.7410
|
89.0800
|
66.0643
|
|
R2
|
71.1975
|
78.9395
|
89.2300
|
66.2216
|
|
R3
|
71.3445
|
79.1000
|
89.3513
|
66.3488
|
|
R4
|
71.5453
|
79.4536
|
89.6184
|
66.6289
|
|
R5
|
71.7075
|
79.7800
|
89.8650
|
66.8875
|
|
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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 70.7050. (b) Trend is down. (c) Usd/inr needs to
trade over 71.1350 today to rise further.
2. EURO/INR
SEPTEMBER 2019: (a) Key support is at
78.2100. (b) Euro/inr needs to trade over 78.2100 to rise to 78.7425 and
79.3125. (c) Crash will be there below 78.2100.
3. GBP/INR
SEPTEMBER 2019: (a) Gbp/inr needs to
trade over 88.5000 to rise to 89.0800 and 89.3525 (b) Crash will be there below
88.5000.
4. JPY/INR
SEPTEMBER 2019: (a) Yen/inr can fall to
65.5500 and 65.2775 this week as long as it trades below 66.0700.
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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