16th August: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report

Insignia Consultants

New Delhi

Thursday, August 16, 2012

TIME: 10:30 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

Trading strategy For the very large traders and high risk traders

USD/INR AUGUST: Sell only if rupee trades below 55.90.

EURO/INR AUGUST: Sell only if it trades below 68.7000

GBP/INR AUGUST: Sell only if cable trades below 87.4800

JPY/INR AUGUST: Buy only if yen trades over 71.00 for 71.25-71.57

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) AUGUST – 56.0450

Bullish over 55.8800 with 56.2500-57.2500 as price target

Bearish below 55.6800 with 55.4800-55.1200 as price target

Neutral Zone: 55.6800-55.8800

BREAK POINT: - 56.0800

·         56.32 is the key resistance and rupee can weaken to 56.32-56.78 as long as it trades over 55.988

·         Trading call:   sell at 56.38 stop loss 56.75 target 55.6800-55.4800

EURO-INDIA RUPEE (EUR/INR) AUGUST – 68.8125

Bullish over 68.6100 with 69.10-69.9500 as price target

Bearish below 68.4800 with 68.1200-67.7600 as price target

Neutral Zone: 68.4800-68.6100

BREAK POINT: 68.9700

• A break of 68.97 will pave the way for 69.10-69.95
• There will be sellers only below 68.60
• Trading call: sell at 69.4750 stop loss 69.90 target 68.5425-67.70 – call for Thursday.

UK POUND -INDIA RUPEE (GBP/INR) AUGUST – 87.7575

Bullish over 87.5200 with 88.2500 and 88.5800 as price target

Bearish below 87.3975 with 87.1225-86.9875 as price target

Neutral Zone: 87.3975-87.52

BREAK POINT: 87.6200

·         Pound can rise to 88.51 as long as it trades over 87.39

·         There will be sellers only below 87.39

·         Trading call: sell at 88.25 stop loss 88.45 target 87.45-87.10

JAPANESE YEEN -INDIA RUPEE (JPY/INR) AUGUST – 70.6875

Bullish over 70.7300 with 71.2300 and 71.6725 as price target

Bearish below 70.3100 with 70.0100 and 69.6400 as price target

Neutral Zone: 70.3100-70.7200

BREAK POINT: - 70.7300

• Yen needs to trade over 70.73 today else to target 71.23-71.73.
• Trading call: Sell at 71.35 stop loss 71.52 target 70.73-70.45

Happy profitable trading & Trade without emotions

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. Website www.insigniaconsultants.in

Disclosure: The directors have short positions in usd/inr and jpy/inr

"Print this report only if absolutely necessary. Save Paper. Save Trees."

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 ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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