Insignia Consultants
New Delhi
Wednesday, 04 September
2019
TIME
9:05AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Brexit will be closely
watched. US dollar Index has not fallen by much. Recession has already been
factored in by the markets. It is just the momentum. Euro and pound are still
over sold against the US dollar. Traders sentiment for the rupee is highly
bearish. Volatility should rise in all currencies till Friday.
|
NSE CURRENCY FUTURE -- SEPTEMBER
FUTURE
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|
|
USD/INR
|
EURO/INR
|
GBP/INR
|
JPY/INR
|
|
CMP
|
72.4400
|
79.6350
|
87.7625
|
68.4175
|
|
S5
|
71.8875
|
78.2350
|
86.7650
|
67.2025
|
|
S4
|
72.0201
|
78.5710
|
87.0044
|
67.4941
|
|
S3
|
72.1638
|
78.9350
|
87.2638
|
67.8100
|
|
S2
|
72.2289
|
79.1002
|
87.3815
|
67.9534
|
|
S1
|
72.3096
|
79.3046
|
87.5271
|
68.1308
|
|
|
|
|
|
|
|
R1
|
72.5704
|
79.9654
|
87.9979
|
68.7042
|
|
R2
|
72.6511
|
80.1698
|
88.1435
|
68.8816
|
|
R3
|
72.7163
|
80.3350
|
88.2613
|
69.0250
|
|
R4
|
72.8599
|
80.6990
|
88.5206
|
69.3409
|
|
R5
|
72.9925
|
81.0350
|
88.7600
|
69.6325
|
|
|
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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: Only a break of 72.6250
will trigger another waved of rise to 72.9050 and 73.0650. Sellers will be
there if usd/inr does not break 72.6250.
2. EURO/INR
SEPTEMBER 2019: Euro/inr can rise to
79.9850 and 80.3650 by Friday as long as it trades over 79.2700.
3. GBP/INR
SEPTEMBER 2019: Cable needs to trade
over 87.3000 to rise to 88.8300. Crash will be there below 87.3000.
4. JPY/INR
SEPTEMBER 2019: Key resistance is at
68.6925. Only a break of 68.6925 will trigger another wave of rise to 69.2025.
Over brought. Today sellers will be there only below 68.2950.
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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