Insignia Consultants
New Delhi
Tuesday, 05 November 2019
TIME
8:24AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
All eyes are on the US-China trade deal to happen.
It remains to be seen if the trade deal is just for Trump’s vote bank of
American farmers OR for the American people as a whole. China can buy every
American farm product for a deal. Look at the tenure of the trade deal. Right
now, media says that there is no serious challenger to Trump in the race to be
the next American president next year.
You may thinking why I am focusing on politics
instead of economics in a forex report. Yesterday I wrote about India and its
chances of a war with neighbours and today Trump and US elections. In the next
twelve months, politics will determine economic policies and not the other way
round. If you are able to rightly judge politics and determining interest rate
trend and economics will like catching a low hanging fruit. Every tom, dick and
harry is focusing on interest rates and inflation. Winners in forex trading and
investment will be those who think over interest rates and inflation.
There is nothing on the local Indian factors. Trend
in Indian financial markets, stocks, bonds and currencies are purely momentum.
|
NSE CURERNCY FUTURE -- NOVEMBER
FUTURE
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||||||
|
US DOLLAR-INDIAN RUPEE Current Price
|
₹ 70.9000
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 70.3525
|
₹ 70.6263
|
₹ 70.7708
|
|
₹ 71.0292
|
₹ 71.1738
|
₹ 71.4475
|
|
EURO-INDIAN RUPEE Current Price
|
₹ 79.2525
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 78.6650
|
₹ 78.9588
|
₹ 79.1139
|
|
₹ 79.3912
|
₹ 79.5463
|
₹ 79.8400
|
|
UK POUND-INDIAN RUPEE Current Price
|
₹ 91.6175
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 90.8175
|
₹ 91.2175
|
₹ 91.4287
|
|
₹ 91.8063
|
₹ 92.0175
|
₹ 92.4175
|
|
JAPANESE YEN-INDIAN RUPEE Current
Price
|
₹ 65.4700
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 64.7450
|
₹ 65.1075
|
₹ 65.2989
|
|
₹ 65.6411
|
₹ 65.8325
|
₹ 66.1950
|
|
All technical are for reference only
|
||||||
1. USD/INR
NOVEMBER 2019: (a) 100 day moving is
around 70.4500. (b) 200 day moving average is at 70.3500. (c) Nearing of 100
day MA and 200 day MA is always a sign of big 150-200 paisa one way move. (d)
Rupee will fall to 67.75 is if trades below 100 day MA and 200 day MA. [e]
However if rupee does not fall below 100 day MA and 200 day MA then 72.0050 and
73.0275 are the short term targets. (f) Today, rupee needs to trade over
71.1200 to be in bullish zone.
2. EURO/INR
NOVEMBER 2019: (a) 200 day moving
average at 79.03. (b) Euro/inr needs to trade over 79.0300 to rise 70.6050 and
79.8600. (c) Sell off will be there below 79.0300 to 78.5700 {100 day moving
average}.
3. GBP/INR
NOVEMBER 2019: (a) Pound needs to trade
over 91.4650 today to rise to 91.9550 and 92.3150. (b) Crash will be there
below 91.4650 to 91.3550 and 91.1925. (c) Key weekly support is at 91.1925.
4. JPY/INR
NOVEMBER 2019: (a) It needs to trade
over 65.3700 to rise to 65.7800 and 66.0925. (b) Crash will be there below
65.3700 to 65.1625 and 64.9675. (c) Free fall till Friday only below 64.9675.
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
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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