Monday, July 23, 2012

24th July: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report



Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Tuesday, July 24, 2012

 

 TIME 08:59 AM IST                          

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COMMENTARY ON NSE CURERNCY FUTURES

 

US DOLLAR-INDIAN RUPEE JULY 2012

 

56.02 is the key support and rupee can rise to 56.3875 and 57.11 as long as it trades over 56.02. The momentum is bullish for rupee-US dollar. There will be sellers if and only if rupee trades below 56.02 against the US dollar to 55.68

 

Key short term support is at 55.68 and as long as rupee trades over 55.68 downside risk will be limited.

 

EURO – INDIAN RUPEE JULY 2012

 

67.6275 is the key intra day support and euro can rise to 68.25 as long as it trades over 67.6275. There will be sellers only below 67.6275 to 67.1825-66.91

 

BRITISH POUND-INDIAN RUPEE JULY 2012

 

86.88 is the key support and pound can rise to 87.5875-87.99 as long as it trades over 86.88. There will be sellers only below 86.88 to 86.44-86.10

 

JAPANESE YEN-INDIAN RUPEE JULY 2012

 

Only a break of 71.80 will result in 72.64. There will be sellers only below 71.22 today to 76.76. Those who are short in yen can remain invested for a period of three months and sell more if yen breaks past 73.00.

 

 

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

 

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