Wednesday, May 02, 2012

3rd May: NSE currency future report, tips calls & MCX-SX report


Insignia Consultants
New Delhi

Thursday, May 03, 2012

 TIME 08:40 AM IST

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NSE/MCX-SX (CURRENCY FUTURES) BUY ABOVE AND SELL BELOW TRADING CALLS
(Only for those who sit on the trading screen)

Calls to be executed on which ever is executed first

US DOLLAR-INDIAN RUPEE MAY 2012 (CMP 53.2500): Buy open price stop loss below 53.12 target 53.37-53.52

EURO – INDIAN RUPEE MAY 2012 (CMP 69.9600): Buy over 70.0550 for 70.1550-70.37 or sell below 69.92 for 69.84-69.68

BRITISH POUND-INDIAN RUPEE MAY 2012 (CMP 86.1250): Buy over 86.32 for 86.48-86.72 or sell below 86.0850 for 85.98-85.3250.

JAPANESE YEN-INDIAN RUPEE MAY 2012 (CMP 66.2625): Buy over 66.28 for 66.37-66.52 or Sell below 66.15 for 66.02-65.78

NSE currency futures/MCX-SX DAILY TECHNICAL ANALYSIS
CURRENCY
CMP
SUPPORT

RESISTANCE


S3
S2
S1
PIVOT
R1
R2
R3
USD/INR MAY
53.2500
52.7650
52.9650
53.1250
53.3200
53.4700
53.5200
53.9800
EURO/INR MAY
69.9600
69.2100
69.3775
69.8800
69.8800
70.3000
70.4900
70.6600
GBP/INR MAY
86.1250
85.2900
85.8050
85.9800
85.9800
86.3300
86.6775
87.1700
JPY/INR MAY
66.2675
65.6475
65.9950
65.1225
66.4200
66.3550
66.4200
66.7075

LIMIT ORDER

US DOLLAR-INDIAN RUPEE MAY 2012: Buy around 52.90-52.96 stop loss 52.54 target 53.55-53.96

EURO – INDIAN RUPEE MAY 2012: Sell around 70.70 stop loss over 71.10 for 69.48-68.96

BRITISH POUND-INDIAN RUPEE MAY 2012: Sell around 86.67 stop loss over 87.02 for 85.49-84.12

JAPANESE YEN-INDIAN RUPEE MAY 2012: Sell around 66.70 stop loss over 66.96 for 66.02-65.78


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.
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES IN INDIAN RUPEES UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES ON THE TRADING CALLS GIVEN IN THIS REPORT

USD/INR: 0.07-1.012
EURO/INR: 0.20-0.30
GBP/INR: 0.20-0.30
JPY/INR: 0.15-0.20


Customer care: 9311139549/9911136910 (Mr.Manan)
You can also mail your queries at insigniacommodity@gmail.com
              (10:30 am to 5:30 pm Indian time, Monday to Friday)





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