8th May: NSE currency future report calls, tips & MCX-SX report

Insignia Consultants

New Delhi

www.insigniaconsultants.in

Tuesday, May 08, 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 53.1725): Buy over 53.2575 for 53.3750-53.6750 or sell below 53.1250 for 53.0250-52.7750

EURO – INDIAN RUPEE MAY 2012 (CMP 69.2350): Sell below 69.2250 for 69.1275-69.7825 or buy over 69.4250 for 69.9300-70.13

BRITISH POUND-INDIAN RUPEE MAY 2012 (CMP 85.8925): Buy over 86.01 for 86.22-86.78 or sell below 85.74 for 85.61-84.87.

JAPANESE YEN-INDIAN RUPEE MAY 2012 (CMP 66.6000): Buy over 66.65 for 66.85-67.12 or Sell below 66.48 for 66.38-66.12

NSE currency futures/MCX-SX DAILY TECHNICAL ANALYSIS
CURRENCY	CMP	SUPPORT				RESISTANCE
		S3	S2	S1	PIVOT	R1	R2	R3
USD/INR MAY	53.1725	52.5250	52.8775	53.0825	53.1275	53.2300	53.4500	53.8300
EURO/INR MAY	69.2350	68.5200	68.7175	69.0750	69.2250	69.6300	69.8950	70.4700
GBP/INR MAY	85.8925	84.8700	85.1850	85.6000	86.2100	85.9200	86.2100	87.1150
JPY/INR MAY	66.6000	66.0850	66.4400	66.5550	66.6575	66.8700	67.1300	67.5575

LIMIT ORDER

US DOLLAR-INDIAN RUPEE MAY 2012: Buy around 52.52-52.60 stop loss 52.25 for 53.25-53.75 – call for tomorrow.

Short term traders sell July forward at 53.80 stop loss 55.02 for 52.25-51.50

EURO – INDIAN RUPEE MAY 2012: Buy at 68.6850 stop loss 68.20 for 69.8950-70.47-71.19 – 10 days to 15 days time

BRITISH POUND-INDIAN RUPEE MAY 2012: Buy open price stop loss 84.70 for 87.1150-88.6975 – 10 day to 15 days time

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)

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