Insignia Consultants
New Delhi
Wednesday, 09 October 2019
TIME
9:28AM IST
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NSE CURRENCY
FUTURE DAILY REPORT
The government has stated its intention to reduce
imports of goods manufactured by small scale and tiny scale industries. I
believe that the so called proposed measures are a bit too late. It should have
been implemented before the festivals say in June or July. Chinese imports will
not fall for the rest of the calendar year. Globally every nation is looking at
dim hopes of a USA-China trade deal. India and certain Asian nations also
trying to woes companies to start manufacturing in India. Rupee will be very
volatile till Friday. Most of the import payables are done. NRI inward
remittances on the festival month will be the key.
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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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71.2950
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78.2700
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87.1625
|
66.5750
|
|
S5
|
70.0900
|
76.9325
|
86.3275
|
65.6600
|
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S4
|
70.3204
|
77.2397
|
86.5050
|
66.0075
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S3
|
70.5700
|
77.5725
|
86.6825
|
66.1725
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|
S2
|
70.6833
|
77.7235
|
86.9425
|
66.3725
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|
S1
|
70.8234
|
77.9104
|
87.0575
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66.4775
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|
|
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|
|
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R1
|
71.3150
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78.5146
|
87.2275
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66.7000
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R2
|
71.4167
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78.7015
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87.4450
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67.0263
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R3
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71.5300
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78.8525
|
87.7875
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67.2281
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R4
|
71.7796
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79.1853
|
88.0050
|
67.3913
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R5
|
72.0100
|
79.4925
|
88.1325
|
67.7507
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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) Rupee can rise to
71.5300 as long as it trades over 70.9000. (b) Sell off will be there below
70.90000.
2. EURO/INR
OCTOBER 2019: (a) 100 day moving average
around 78.4600 is the key resistance. Euro/inr needs to break and trade over
78.4600 to rise to 79.2000. (b) Crash will be there below 78.0100. Key support
is at 78.0100.
3. GBP/INR
OCTOBER 2019: (a) Gbp/inr needs to trade
over 86.9400 to rise to 87.6000 and 88.3050 (b) Crash will be there below 86.9400.
4. JPY/INR
OCTOBER 2019: (a) Yen needs to trade
over 66.4350 to rise to 66.9800 and 67.1000. (b) Crash will be there below 66.4350.
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.
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NOTES TO THE ABOVE REPORT
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THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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