Insignia Consultants
New Delhi
Monday, 30 September 2019
TIME
9:10AM IST
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NSE CURRENCY
FUTURE DAILY REPORT
But for some abrupt demand or profit taking, rupee
should range trade today. Spot Value date shifts to 3rd October as
Wednesday is a holiday. Festival related inflows from non-residents and global
Indian will be the key. Chinese has said that it will open its financial
markets to global investors. I believe that over the coming years, global
investors will be spoilt for choice between India and China. Lots of US
economic data release this week. It can impact the short term trend of the US
dollar Index. I will be also be looking at September imports. Most of the
Chinese imports (for the festivals) will be done in September and not in
October.
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NSE CURRENCY FUTURE -- OCTOBER 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
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70.6700
|
77.4700
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86.9475
|
65.6050
|
|
S5
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69.9050
|
76.2400
|
85.6175
|
64.8400
|
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S4
|
70.0886
|
76.5352
|
85.9367
|
65.0236
|
|
S3
|
70.2875
|
76.8550
|
86.2825
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65.2225
|
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S2
|
70.3778
|
77.0001
|
86.4394
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65.3128
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|
S1
|
70.4895
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77.1797
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86.6336
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65.4245
|
|
|
|
|
|
|
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R1
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70.8505
|
77.7603
|
87.2614
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65.7855
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R2
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70.9622
|
77.9399
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87.4556
|
65.8972
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R3
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71.0525
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78.0850
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87.6125
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65.9875
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R4
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71.2514
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78.4048
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87.9583
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66.1864
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R5
|
71.4350
|
78.7000
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88.2775
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66.3700
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|
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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
OCTOBER 2019: (a) Key support is at
70.5025. Crash will be there below 70.5025 to 70.2150 and 69.8475. (b) Usd/inr
needs to trade over 70.8150 today to rise further.
2. EURO/INR
OCTOBER 2019: (a) It needs to trade over
77.5450 to be in intraday bullish zone. (b) Euro/inr can fall to 70.0950 as
long as it trades below 77.5450. (c) Immediate resistance is at 77.8725.
3. GBP/INR
OCTOBER 2019: (a) Gbp/inr needs to trade
over 86.8025 to rise to 88.0400 (b) Crash will be there below 86.8025 to
86.4300.
4. JPY/INR
OCTOBER 2019: (a) 100 day moving average
at 65.0400 is the key weekly support. (b) Short term bearish trend will be
there only below 65.0400. (c) Immediate resistance is at 65.8225.
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
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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