Insignia Consultants
New Delhi
Monday, 09 September 2019
TIME
9:05AM IST
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NSE CURRENCY
FUTURE DAILY REPORT
Net short positions in
euro/usd rose last week also. Trend for cable is neutral. There can be sideways
price moves till tomorrow as US August job numbers were mixed. Traders are
expecting Fed to cut interest rates next week and European central bank to
announce stimulus measures on Thursday. Indian’s impact will start analysing
the impact on monsoon on food price inflation and rural demand. Monsoon will
start to withdraw from this week. Price moves in currency markets will reflect
fundamentals. Momentum as well as technical are aligned with fundamental. Very
rarely does this happen now a days.
Closely watch, political
developments in UK.
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NSE CURRENCY FUTURE -- SEPTEMBER
FUTURE
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USD/INR
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EURO/INR
|
GBP/INR
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JPY/INR
|
|
CMP
|
71.8225
|
79.3100
|
88.1875
|
67.2600
|
|
S5
|
71.4000
|
78.7725
|
87.3450
|
66.4975
|
|
S4
|
71.5014
|
78.9015
|
87.5472
|
66.6805
|
|
S3
|
71.6113
|
79.0413
|
87.7663
|
66.8788
|
|
S2
|
71.6611
|
79.1047
|
87.8657
|
66.9687
|
|
S1
|
71.7228
|
79.1832
|
87.9887
|
67.0801
|
|
|
|
|
|
|
|
R1
|
71.9222
|
79.4369
|
88.3863
|
67.4400
|
|
R2
|
71.9839
|
79.5153
|
88.5093
|
67.5513
|
|
R3
|
72.0338
|
79.5788
|
88.6088
|
67.6413
|
|
R4
|
72.1436
|
79.7185
|
88.8278
|
67.8395
|
|
R5
|
72.2450
|
79.8475
|
89.0300
|
68.0225
|
|
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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: This week rupee can fall
to 71.6775 and 71.1675 this week as long as it trades below 72.0850.
2. EURO/INR
SEPTEMBER 2019: (a) Key weekly support
is at 78.8750. (b) Euro/inr needs to trade over 78.8750 this week to rise to
80.2225 and 80.6250. (c) Crash or another wave of sell off will be there below
78.8750 to 78.4575 and 78.0550. (d) Momentum is down.
3. GBP/INR
SEPTEMBER 2019: (a) 100 day moving
average at 87.6675 is the key short term support. (b) Gbp/inr needs to trade
over 87.66675 to rise to 88.9525 and 90.0875. (c) Trend is down. But crash will
be there only below 87.6775 this week.
4. JPY/INR
SEPTEMBER 2019: Yen can fall to 66.7075
this week and as long as it trades below 67.8725.
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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