Insignia Consultants
New Delhi
Tuesday, 03 September 2019
TIME
9:04AM IST
----------------------------------------------------------------------------------------------------------------
NSE CURRENCY
FUTURE DAILY REPORT
Global factors like big US
economic data releases this week will affect rupee and the US dollar Index.
Banking reforms should have a positive impact on the rupee as well as Indian
stock markets. Half yearly fiscal close will come to an end this month.
Unhedged forex corporate debt in India is still very high. Import payment will
be on the higher side this month due to festival next month. Large importers
will import this month and not next month. At lower prices there should be good
demand. Unless the US dollar Index crashes, rupee will not gain significantly
against the US dollar. Euro and pound are oversold. Yen is in a neutral zone.
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NSE CURRENCY FUTURE -- SEPTEMBER
FUTURE
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USD/INR
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EURO/INR
|
GBP/INR
|
JPY/INR
|
|
CMP
|
72.1975
|
79.1200
|
86.9625
|
67.9825
|
|
S5
|
71.3775
|
77.7200
|
85.4125
|
67.0150
|
|
S4
|
71.5743
|
78.0560
|
85.7845
|
67.2472
|
|
S3
|
71.7875
|
78.4200
|
86.1875
|
67.4988
|
|
S2
|
71.8843
|
78.5852
|
86.3704
|
67.6129
|
|
S1
|
72.0040
|
78.7896
|
86.5967
|
67.7542
|
|
|
|
|
|
|
|
R1
|
72.3910
|
79.4504
|
87.3283
|
68.2108
|
|
R2
|
72.5107
|
79.6548
|
87.5546
|
68.3521
|
|
R3
|
72.6075
|
79.8200
|
87.7375
|
68.4663
|
|
R4
|
72.8207
|
80.1840
|
88.1405
|
68.7178
|
|
R5
|
73.0175
|
80.5200
|
88.5125
|
68.9500
|
|
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR
REFERENCE
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1. USD/INR
SEPTEMBER 2019: It needs to trade over
72.0625 to rise to 72.5000. Sellers will be there below 72.0625.
2. EURO/INR
SEPTEMBER 2019: Key support is at
78.9325. Euro/inr needs to trade over 78.9325 to rise to 78.9850. Yes, there
will be big price moves. Crash or sell off will be there only if euro/inr
trades below 78.9325.
3. GBP/INR
SEPTEMBER 2019: Key weekly support is at
86.5350. Crash will be there below 86.5350. However in case gbp/inr does not
fall below 86.5350, then it will rise to 87.3000 and 87.8850.
4. JPY/INR
SEPTEMBER 2019: Key resistance is at
68.0825. Only a break of 68.0825 will trigger another wave of rise to 68.6925.
Over brought. Today sellers will be there only below 67.9375.
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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THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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