Insignia Consultants
New Delhi
Thursday, 12 December 2019
TIME
9:32 AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE REPORT
FOMC is over. Nothing new was said on interest
rates. Focus will shift to UK election and Trump and his impeachment news and
trade deal news all three factors will be the key to global currency markets.
European central bank meeting will not have any significant impact. Brexit
after UK elections will have a bigger effect on euro as well as pound.
Citizen Amendment bill can have a temporary impact
on rupee as well as currency markets. Focus in India from next week will be on
changes in direct taxes and changes in GST slab rates. There is speculation
that direct taxes and GST can get a complete new makeover before the end of
this fiscal.
|
NSE CURRENCY FUTURE -- 27TH DECEMBER
FUTURE
|
||||||
|
US DOLLAR-INDIAN RUPEE Current Price
|
₹ 70.7825
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 69.9675
|
₹ 70.3750
|
₹ 70.5902
|
|
₹ 70.9748
|
₹ 71.1900
|
₹ 71.5975
|
|
EURO-INDIAN RUPEE Current Price
|
₹ 78.9350
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 78.4950
|
₹ 78.7150
|
₹ 78.8312
|
|
₹ 79.0388
|
₹ 79.1550
|
₹ 79.3750
|
|
UK POUND-INDIAN RUPEE Current Price
|
₹ 93.5625
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 92.9200
|
₹ 93.2413
|
₹ 93.4109
|
|
₹ 93.7141
|
₹ 93.8838
|
₹ 94.2050
|
|
JAPANESE YEN-INDIAN RUPEE Current
Price
|
₹ 65.3225
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 64.6400
|
₹ 64.9813
|
₹ 65.1614
|
|
₹ 65.4836
|
₹ 65.6638
|
₹ 66.0050
|
|
All technical are for reference only
|
||||||
1. USD/INR
27th DECEMBER 2019: (a) Crash
will be there if usd/inr trades below 70.8025 to 70.6400 and 70.5875. (b)
Usd/inr needs to trade over 70.9050-70.7350 to be in intraday bullish zone.
2. EURO/INR
27TH DECEMBER 2019: (a)
Sellers will be there below 78.9025 to 78.7375 and 78.5875. (b) Euro/inr needs
to trade over 79.0650 to be in bullish zone till tomorrow.
3. GBP/INR
27TH DECEMBER 2019: (a) Cable
needs to trade over 93.7875 to rise to 94.0550 and 94.2650. (b) Sellers will be
there as long as gbp/inr trades below 93.7875 to 93.3200 and 93.0925. (c) Cable
can be very wild till Monday due to UK elections.
4. JPY/INR
27TH DECEMBER 2019: (a) Crash
will be there below 65.2025 (till tomorrow) to 64.9075 and 64.6325. (b) Yen/inr
needs to trade over 65.7850 to rise further.
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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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
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