Insignia
Consultants
New Delhi
Sunday, 26 January 2020
TIME
2:28 PM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY FUTURE REPORT
Continuous spread
of corona virus in China will be positive for Indian economy. (provided the
virus does not spread in India). Imports from China will fall. Global
corporations will buy from India and other Asian nations in the short term. Real
impact will be known only when the virus stop spreading. January futures expiry
and budget on 1st February will result in position squaring and
rebuilding this week. I expect rupee and yen to gain against the US dollar this
week.
It is better not
to comment as to what will happen in the budget. I just hope that there are no
populist measures. Fiscal responsibility can be shown the exit door so that
employment and growth starts picking up.
It is better to
be a day trader this week.
|
NSE CURRENCY FUTURE -- 26TH FEBRUARY
FUTURE
|
||||||
|
US DOLLAR-INDIAN RUPEE Current Price
|
₹ 71.5400
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 70.8650
|
₹ 71.2000
|
₹ 71.4225
|
|
₹ 71.6500
|
₹ 71.9100
|
₹ 72.1350
|
|
EURO-INDIAN RUPEE Current Price
|
₹ 79.0900
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 78.2550
|
₹ 78.5100
|
₹ 78.7650
|
|
₹ 79.2750
|
₹ 79.6450
|
₹ 80.1700
|
|
UK POUND-INDIAN RUPEE Current Price
|
₹ 93.6900
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 92.3400
|
₹ 92.8750
|
₹ 93.4050
|
|
₹ 93.9475
|
₹ 94.2275
|
₹ 94.9450
|
|
JAPANESE YEN-INDIAN RUPEE Current
Price
|
₹ 65.3225
|
|||||
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
|
₹ 63.8225
|
₹ 64.6025
|
₹ 64.9350
|
|
₹ 65.7150
|
₹ 66.0525
|
₹ 67.1625
|
|
All technical are for reference only
|
||||||
1.
USD/INR 26th FEBRUARY 2020: (a) Key resistance is at 71.7500. Only a
break of 71.7500 will result in 71.9725 and 72.6875. (b) Sell off of crash will
be there if usd/inr does not break 71.9725 this week or falls below 71.3500.
2.
EURO/INR 26th FEBRUARY 2020: (a) Euro/inr needs to trade over 78.7650 to
rise to 79.3775 and 80.1700. (b) Sellers will be there below 78.7650 and short
term bearish trend below 78.2700.
3.
GBP/INR 26TH FEBRUARY 2020: (a) Cable can rise to 94.4850 this week as
long as it trades over 93.1550. (b) Crash will be there below 93.1550.
4.
JPY/INR 26TH FEBRUARY 2020: (a) Yen/inr can rise to 65.7150 and 66.6725
as long as it trades over 64.9925. (b) Crash will be there only if yen/inr
trades below 64.9925.
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 USE
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THE TIME
GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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