Insignia Consultants
New Delhi
Thursday, 02 January 2020
TIME
10:07 AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE REPORT
Demand will be the key today and tomorrow for rupee
against the US dollar. If the rupee does not gain against the US dollar by
Monday, then importers and other payables will be forced to cover their near
term payables. The good thing I like about Modiji government is that it does
not sleep. Modijis government works 24/7. Announcement of infrastructure policy
and focus on infrastructure will create long term employment opportunities.
Hike in railway passenger fares and other hikes announced will be inflationary.
Trickledown effect of job creating measures will take a few months. Rupee can
trade with a softer bias against the US dollar in the first quarter of this
year and thereafter start to gain.
Globally big data is from next week. January is a
big month for currency markets. I expect the US dollar Index to sell off in
this month.
Trend
in January can change every few days (from next week). Low risk traders do not
leave any open position for next day. Exporters and importers both hedge their
near term receivables and payables.
|
NSE CURRENCY FUTURE -- 29TH JANUARY
2020 FUTURE
|
||||||
|
US DOLLAR-INDIAN RUPEE Current Price
|
₹ 71.4900
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 71.0900
|
₹ 71.2900
|
₹ 71.3956
|
|
₹ 71.5844
|
₹ 71.6900
|
₹ 71.8900
|
|
EURO-INDIAN RUPEE Current Price
|
₹ 80.2225
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 79.9325
|
₹ 80.0775
|
₹ 80.1541
|
|
₹ 80.2909
|
₹ 80.3675
|
₹ 80.5125
|
|
UK POUND-INDIAN RUPEE Current Price
|
₹ 94.4800
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 93.3225
|
₹ 93.9013
|
₹ 94.2068
|
|
₹ 94.7532
|
₹ 95.0588
|
₹ 95.6375
|
|
JAPANESE YEN-INDIAN RUPEE Current
Price
|
₹ 65.7750
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 65.2800
|
₹ 65.5275
|
₹ 65.6582
|
|
₹ 65.8918
|
₹ 66.0225
|
₹ 66.2700
|
|
All technical are for reference only
|
||||||
1. USD/INR
29th JANAURY 2020 : (a) Usd/inr
needs to trade over 71.3975 till tomorrow to rise to 71.5875 and 71.8375. (b)
Sellers will be there below 71.3975 to 71.2725 and 71.0900.
2. EURO/INR
29th JANAURY 2020: (a)
Euro/inr can rise to 81.0675 by next week as long as it trades over 79.9400.
(b) Crash or sell off will be there below 79.9400.
3. GBP/INR
29th JANAURY 2020: (a) Cable
needs to trade over 94.2600 till Monday to rise to 95.2600 and 95.6475. (d)
Sellers will be there below 94.2600 to 94.0375 and 93.7600.
4. JPY/INR
29th JANAURY 2020: (a) Yen/inr
needs to trade over 65.6300 till tomorrow to rise to 66.0725 and 66.4075. (b)
Sellers will be there below 65.6300 to 65.2575 and 65.2325.
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