Insignia Consultants
New Delhi
Friday, 04 October 2019
TIME
9:30AM IST
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NSE CURRENCY
FUTURE DAILY REPORT
Everything will depend on US September nonfarm
payrolls. India should witness huge foreign inflows in all sectors should there
be a US economic slowdown along with the world. Trade war issues with China can
result in global investors preferring India over China in the medium term.
Indonesia and other Asian nations have decided to open their economy to global
investors. Indonesia will give competition to India in attracting foreign
inflows. To me trend of global currency markets on Tuesday will be the key.
China opens on Tuesday.
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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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70.9550
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78.0475
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87.6375
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66.5350
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S5
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70.2775
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77.5250
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86.9300
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66.1200
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S4
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70.4401
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77.6504
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87.0998
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66.2196
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S3
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70.6163
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77.7863
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87.2838
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66.3275
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S2
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70.6962
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77.8479
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87.3672
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66.3765
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S1
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70.7951
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77.9242
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87.4705
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66.4371
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R1
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71.1149
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78.1708
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87.8045
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66.6329
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R2
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71.2138
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78.2471
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87.9078
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66.6935
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R3
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71.2938
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78.3088
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87.9913
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66.7425
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R4
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71.4699
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78.4446
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88.1752
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66.8504
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R5
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71.6325
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78.5700
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88.3450
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66.9500
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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
71.01250 Only a break of 71.1250 will trigger another wave of rise to 71.2450
and 71.4950. (b) Immediate support is at 70.8950. Sellers will be there below
70.8950.
2. EURO/INR
OCTOBER 2019: (a) It needs to trade over
78.1550 to rise to 78.3425 and 78.7875. (b) Crash will be there below 77.8700.
(c) Key support till Monday is at 77.8700.
3. GBP/INR
OCTOBER 2019: (a) Gbp/inr needs to trade
over 87.4950 to rise to 88.0400 (b) Crash will be there below 87.4950.
4. JPY/INR
OCTOBER 2019: (a) Yen needs to trade
over 66.5150 to rise to 66.9800 and 67.1000. (b) Crash will be there below 66.5150.
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
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THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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