Insignia Consultants
New Delhi
Tuesday, 19 November 2019
TIME
8:40 AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Many a times, Monday’s high or low become either
the high for the week or becomes the low of the week. Rupee has to fall below yesterdays
low of 71.6400 against the US dollar for a sell off. Traders are reducing the
US dollar Index long positions. Economic news will be the key driver for
currency markets for the rest of the year. Everyone’s focus is on next year’s
growth or recession chances. I believe that global economic growth should
bottom out by the first quarter of next year.
Indian government will disinvest in major state run
oil marketing companies like Indian oil, BPCL among others by 31st
March 2020. Air-India will also be disinvested by 31st March 2020.
Foreign inflows will be there. There will not be any shortage. RBI will
intervene only to prevent big gains so that exports remain competitive.
|
NSE CURRENCY FUTURE -- NOVEMBER
FUTURE
|
||||||
|
US DOLLAR-INDIAN RUPEE Current Price
|
₹ 71.8950
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 71.2250
|
₹ 71.5600
|
₹ 71.7369
|
|
₹ 72.0531
|
₹ 72.2300
|
₹ 72.5650
|
|
EURO-INDIAN RUPEE Current Price
|
₹ 79.5600
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 79.0700
|
₹ 79.3150
|
₹ 79.4444
|
|
₹ 79.6756
|
₹ 79.8050
|
₹ 80.0500
|
|
UK POUND-INDIAN RUPEE Current Price
|
₹ 93.1800
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 92.5075
|
₹ 92.8438
|
₹ 93.0213
|
|
₹ 93.3387
|
₹ 93.5163
|
₹ 93.8525
|
|
JAPANESE YEN-INDIAN RUPEE Current
Price
|
₹ 65.9725
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 65.2950
|
₹ 65.6338
|
₹ 65.8126
|
|
₹ 66.1324
|
₹ 66.3113
|
₹ 66.6500
|
|
All technical are for reference only
|
||||||
1. USD/INR
NOVEMBER 2019: (a) Crash or sell off
will be there only below 71.6400 to 71.3850 and 71.0950. (b) Usd/inr needs to
trade over 72.0550 to rise further to 72.3350-72.5650.
2. EURO/INR
NOVEMBER 2019: (a) Key resistance is at
79.8900. Euro/inr needs to break and trade over 79.7950 to rise to 80.5975. (b)
On the lower side as long as euro/inr trades over 79.1200, downside risk will
be limited.
3. GBP/INR
NOVEMBER 2019: (a) Pound can rise to 94.0500
as long as it trade over 92.8600. (b) Sell off will be there below 92.8600.
4. JPY/INR
NOVEMBER 2019: (a) It needs to trade
over 65.8075 to rise to 66.0025 and 66.1475. (b) Crash will be there below 65.8075.
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
Follow
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
You
can also download our Android App for these updates :
For live Updates You can also join our
For Full Reports
and live trading calls please Call / Whatsapp 9311139549.
For todays
Full report Please paytm using the barcode below:
No comments:
Post a Comment