Insignia Consultants
New Delhi
Tuesday, 01 October 2019
TIME
9:05AM IST
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NSE CURRENCY
FUTURE DAILY REPORT
It will be a volatile trade today. Tomorrow being a
holiday and risk of US economic data can result in traders sitting on cash or
closing their open position today. China is closed till 7th October.
Impact of Chinese Yuan on rupee will not be there this week. I will prefer to
remain on the sidelines today.
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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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CMP
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71.0125
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77.5225
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87.3575
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65.7350
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S5
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70.5650
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76.2925
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86.0275
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64.9700
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S4
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70.6724
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76.5877
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86.3467
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65.1536
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S3
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70.7888
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76.9075
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86.6925
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65.3525
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S2
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70.8416
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77.0526
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86.8494
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65.4428
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S1
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70.9069
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77.2322
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87.0436
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65.5545
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R1
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71.1181
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77.8128
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87.6714
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65.9155
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R2
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71.1834
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77.9924
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87.8656
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66.0272
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R3
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71.2363
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78.1375
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88.0225
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66.1175
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R4
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71.3526
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78.4573
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88.3683
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66.3164
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R5
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71.4600
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78.7525
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88.6875
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66.5000
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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 resistance is at
71.0775. Only a break of 71.0775 will trigger another wave of rise to 71.3650
and more. (b) Immediate support is at 70.8650. Sellers will be there below
70.8650.
2. EURO/INR
OCTOBER 2019: (a) It needs to trade over
77.3750 to rise to 78.1475. (b) Crash will be there below 77.3750. (c) I expect
short covering today in euro/usd and euro/inr due to some market moving US
economic data release tomorrow and till Friday.
3. GBP/INR
OCTOBER 2019: (a) Gbp/inr needs to trade
over 87.1025 to rise to 87.5950-88.0400 (b) Crash will be there below 87.1025
to 86.8025 and 86.4300.
4. JPY/INR
OCTOBER 2019: (a) Yen needs to trade
over 65.5250 to rise to 66.0300 and 66.2425. (b) Crash will be there below
65.5250.
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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