Insignia Consultants
New Delhi
Tuesday, 07 January 2020
TIME
9:55 AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE REPORT
RBI has allowed Tier-I banks to allow currency hedging 24/7 (24 hours).
This is a new year gift to India business. Trading volumes of rupee in India
will rise. Exporters and importers will be able to hedge 24/7. Overnight
closing for the rupee will be important and not the 5:00pm close. I expect
further increase in timings of currency futures which end at 5:00pm. There can
be burst of one way price move. Better to remain on the sidelines. Iran and related news will be the key. Big US
economic data releases is from tonight to Friday.
|
NSE CURRENCY FUTURE -- 7th JANUARY
2020 FUTURE
|
||||||
|
US DOLLAR-INDIAN RUPEE Current Price
|
₹ 71.8925
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 71.1575
|
₹ 71.5250
|
₹ 71.7190
|
|
₹ 72.0660
|
₹ 72.2600
|
₹ 72.6275
|
|
EURO-INDIAN RUPEE Current Price
|
₹ 80.5450
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 79.6850
|
₹ 80.1150
|
₹ 80.3420
|
|
₹ 80.7480
|
₹ 80.9750
|
₹ 81.4050
|
|
UK POUND-INDIAN RUPEE Current Price
|
₹ 94.7300
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 93.7125
|
₹ 94.2213
|
₹ 94.4899
|
|
₹ 94.9701
|
₹ 95.2388
|
₹ 95.7475
|
|
JAPANESE YEN-INDIAN RUPEE Current
Price
|
₹ 66.3150
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 65.1300
|
₹ 65.7225
|
₹ 66.0353
|
|
₹ 66.5947
|
₹ 66.9075
|
₹ 67.5000
|
|
All technical are for reference only
|
||||||
- USD/INR
29th JANAURY 2020 : (a) Usd/inr
can fall to 71.6725 and 71.5225 as long as it trades below 71.9825. (b)
Rupee needs to trade over 71.9825 till Thursday to rise further.
- EURO/INR
29th JANAURY 2020: (a) Crash
or sell off will be there below 80.3850 only to 80.2200 and 80.0650. (b)
Euro/inr needs to trade over 80.4950 today to rise to 81.0025.
- GBP/INR
29th JANAURY 2020: (a) Cable
needs to trade over 94.6400 to rise to 95.0400 and 95.3275 (by Friday).
(d) Sellers will be there below 94.64000 to 94.4475 and 93.9950.
- JPY/INR
29th JANAURY 2020: (a) Yen/inr
needs to trade over 66.2050 to rise to 66.6450 and 66.9150. (b) Crash or
sell off will be there below 66.2050 to 66.0725 and 65.7725.
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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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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