Sunday, May 06, 2012

7th May: NSE currency futures tips, calls report & MCX-SX report


Insignia Consultants
New Delhi

Monday, May 07, 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 53.5775): Sell below 53.4575 for 53.3575-53.1275 or buy over 53.62 for 53.83-54.29

EURO – INDIAN RUPEE MAY 2012 (CMP 70.5600): Sell below 70.47 for 70.32-70.13

BRITISH POUND-INDIAN RUPEE MAY 2012 (CMP 86.9875): Buy over 87.08 for 87.32-88.02 or sell below 86.78 for 86.38-85.60.

JAPANESE YEN-INDIAN RUPEE MAY 2012 (CMP 66.9825): Buy over 67.02 for 67.25-67.52 or Sell below 66.65 for 66.55-66.29

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

RESISTANCE


S3
S2
S1
PIVOT
R1
R2
R3
USD/INR MAY
53.5775
53.1275
53.2875
53.4575
53.4575
53.6200
53.8300
54.2950
EURO/INR MAY
70.5600
69.9300
70.3200
70.4700
70.4700
70.6100
70.8500
71.1900
GBP/INR MAY
86.9875
85.9250
86.3850
86.7800
87.1150
87.1150
87.4400
87.6425
JPY/INR MAY
66.9825
66.0800
66.5500
66.8700
66.6575
67.1375
67.4000
67.5600

LIMIT ORDER

US DOLLAR-INDIAN RUPEE MAY 2012: Buy around 52.98-53.05 stop loss 52.60 for 53.75-55.25 – call for Friday

EURO – INDIAN RUPEE MAY 2012: Sell around 71.41 stop loss over 72.10 for 69.52-68.50 – call for next week

BRITISH POUND-INDIAN RUPEE MAY 2012: Sell around 88.19 stop loss over 88.62 for 87.02-85.50

JAPANESE YEN-INDIAN RUPEE MAY 2012: Sell around 67.76 stop loss over 68.10 for 66.17-65.48


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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