Insignia Consultants
New Delhi
Friday, 06 September 2019
TIME
9:20AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Euro is stable. Pound rose
after delay in UK elections prompted short covering. Yen fell against the US
dollar on rise in bond yields and reduced safe haven demand. After the ADP,
focus will shift to US August nonfarm payrolls. This number will set the short
term direction for the US dollar. There is no need to rejoice over a potential
US-China trade deal. October is far away. Intraday volatility should rise.
There can be a big gap
between today’s close and Monday’s open. Low risk traders are advised not to
leave any open position for next week. There is nothing on the India front.
Monsoon will start to move away from India next week. Impact of Monsoon in
different regions of India and Indian economy will be closely watched. Monsoon
and rural demand will be the key.
|
NSE CURRENCY FUTURE -- SEPTEMBER
FUTURE
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|
USD/INR
|
EURO/INR
|
GBP/INR
|
JPY/INR
|
|
CMP
|
71.9350
|
79.4675
|
88.6800
|
67.2675
|
|
S5
|
71.3375
|
78.5850
|
87.2500
|
66.6225
|
|
S4
|
71.4809
|
78.7968
|
87.5932
|
66.7773
|
|
S3
|
71.6363
|
79.0263
|
87.9650
|
66.9450
|
|
S2
|
71.7068
|
79.1304
|
88.1337
|
67.0211
|
|
S1
|
71.7940
|
79.2592
|
88.3425
|
67.1153
|
|
|
|
|
|
|
|
R1
|
72.0760
|
79.6758
|
89.0175
|
67.4197
|
|
R2
|
72.1632
|
79.8046
|
89.2263
|
67.5139
|
|
R3
|
72.2338
|
79.9088
|
89.3950
|
67.5900
|
|
R4
|
72.3891
|
80.1382
|
89.7668
|
67.7577
|
|
R5
|
72.5325
|
80.3500
|
90.1100
|
67.9125
|
|
|
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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: Rupee can fall to
71.6325 and 71.4275 by Monday as long as it trades below 72.0675. Rise will be
there only if usd/inr manages to trade over 72.0675.
2. EURO/INR
SEPTEMBER 2019: It needs to trade over
79.4700 to rise to 79.9850. Sellers will be there as long as euro/inr trades
below 79.4700 to 79.2700. Key support till Monday is at 79.2700.
3. GBP/INR
SEPTEMBER 2019: Cable can rise to 88.8750
and 89.1650 by Monday as long as it trades over 88.4650. Crash or sell off will
be there only on a fall below 88.4650.
4. JPY/INR
SEPTEMBER 2019: Crash will be there only
below 67.1850 to 67.0075 and 66.5450. Overall trend is down as long as yen/inr
trades below 67.4725.
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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us on Twitter @insigniaconsul1
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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