Sunday, September 30, 2012

1st October: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report

Insignia Consultants

New Delhi

Monday, October 01, 2012

TIME: 08:50 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

The finance minister had said last Friday that Indian rupee should gain to 50.00 against the US dollar over the coming months. This will prevent traders from going long. Domestic factors are no longer highly negative for the rupee. There is speculation that petrol prices will be reduced this week. A stronger rupee will bring inflation down over the coming weeks and a higher chance of an interest rate cut by the reserve bank of India in November. Global factors and the performance of the US dollar will dictate the rupee more than domestic factors. I will prefer to use caution if rupee falls below 52.00 against the US dollar this week. The pace of gains is more important than the gains.

October should see huge US dollar inflows from Non resident Indians and Indian working overseas due to the festival months. The key will be whether importers will continue to postpone their payables or whether they cover on spot basis.

Technically rupee has formed a long term top against the US dollar, euro, UK pound and Japanese yen. I do not expect last quarter highs to be broken in the next six months unless the US dollar is dumped.

Trading strategy For the very large traders and high risk traders

USD/INR OCTOBER: Sell on rise with a stop loss over 53.7400 for this week. Jobbers can buy usd/inr over 53.1650 for 53.3975.

EURO/INR OCTOBER: Sell euro/inr if and only if trades below 68.5650

GBP/INR OCTOBER: Sell gbp/inr if and only if trades below 85.7800

JPY/INR OCTOBER: Buy jpy/inr only if trades over 68.5325

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) OCTOBER – (CURRENT PRICE 53.0525)

Bullish over 53.3450 with 53.4950-53.7400 as price target

Bearish below 53.1650 with 52.9350 and 52.6100 as price target

Neutral Zone: 53.1650-53.3450

BREAK POINT: - 53.1650

·         The key long term resistance is at 53.6950 and usd/inr can gain to 52.6100 and 52.1450 as long as it trades below 53.6950

·         Over sold conditions exist and it remains to be seen how long momentum defies technical.

EURO-INDIA RUPEE (EUR/INR) OCTOBER – (CURRENT PRICE 68.5550)

Bullish over 68.5650 with 68.8750-69.2300 as price target

Bearish below 68.4150 with 68.0300-67.7825 as price target

Neutral Zone: 68.4150-68.5650

BREAK POINT: 68.5650

  • Key long term support is at 68.5650 and euro/inr needs to trade over 68.5650 to target 68.8750-69.4750.
  • There will be a technical break down below 68.5650 to 67.7825

UK POUND -INDIA RUPEE (GBP/INR) OCTOBER – (CURRENT PRICE 85.9050)

Bullish over 85.7800 with 86.1500 and 86.8475 as price target

Bearish below 85.2950 with 84.5725-83.9425 as price target

Neutral Zone: 85.2950-85.7800

BREAK POINT: 85.7800

·         There is a technical congestion between 85.2950-85.7800 and as long as gbp/inr trades over this zone (in short term) it will rise to 87.3975-88.7600.

·         Today there will be sellers only below 85.7800

JAPANESE YEEN -INDIA RUPEE (JPY/INR) OCTOBER – (CURRENT PRICE 68.2875)

Bullish over 68.6700 with 68.9700 and 69.8600 as price target

Bearish below 68.5375 with 67.8950 and 67.4650 as price target

Neutral Zone: 68.5375-68.6700

BREAK POINT: - 65.5375-68.6700

  • The key long term support is at 67.7425 and jpy/inr can rise to 69.8650 as long as it trades over 67.7425.

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Monday, September 24, 2012

25th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report


Insignia Consultants

New Delhi

Tuesday, September 25, 2012

TIME: 08:40 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

Rupee can weaken to 54.00 and 54.50 (inter-bank rates) if the USD dollar continues to gain. Technically usd/inr has bottomed out and should weaken. There will be US dollar demand at lower prices if rupee trades over 53.10 for the rest of the week. Month end demand and quarter end demand will prevent big gains for the rupee.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Sell on rise with a stop loss over 54.12 till September future close.

EURO/INR SEPTEMBER: Buy only if eur/inr trades over 69.3175 for 69.5625-69.7650

GBP/INR SEPTEMBER: Buy gbp/inr as near to 86.00 stop loss 85.86 for tomorrow

JPY/INR SEPTEMBER: Buy as near to 68.00 stop loss 67.70 for 68.7525

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 54.4775)

Bullish over 53.4200 with 53.7625-54.1200 as price target

Bearish below 53.2525 with 53.1350 and 52.8600 as price target

Neutral Zone: 53.2525-53.4200

BREAK POINT: - 53.4200

·         Rupee can weaken to 54.1200 as long as it trades over 53.2525.

·         It remains to be see whether 53.1325 holds or not

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 69.0725)

Bullish over 69.3175 with 70.1500-71.5125 as price target

Bearish below 68.8600 with 68.1950-67.6025 as price target

Neutral Zone: 68.8600-69.3175

BREAK POINT: 69.4150

  • 68.8600 is the key support. There will be a technical break down only below 68.8600 to 67.1600
  • On the higher euro/inr needs to trade over 69.3150 to be in bullish zone and target 70.1200-70.1500

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 86.6300)

Bullish over 87.0100 with 87.6950 and 88.0200 as price target

Bearish below 86.6825 with 86.0325-85.1700 as price target

Neutral Zone: 86.6825-87.0100

BREAK POINT: 86.6825

·         Pound/Inr needs to trade over 86.6825 for 87.2725

·         Another wave of selling will be there only below 86.6825 to 86.0300-85.3800

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 68.4725)

Bullish over 69.0100 with 69.4725 and 69.9725 as price target

Bearish below 68.7325 with 68.1225 and 67.7425 as price target

Neutral Zone: 68.7325-69.0100

BREAK POINT: - 67.7425

  • Key long term support is at 67.5300 and as long as yen/inr (October futures) trades over 67.5300 it will rise to 69.00
  • Intra day Yen/inr needs to 68.6325 else it will fall to 68.1425-67.5300
  • There will be buyers only if yen/inr trades over 68.6325

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Sunday, September 23, 2012

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


Insignia Consultants

New Delhi

Monday, September 24, 2012

TIME: 08:55 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

Quarter end demand should prevent big gains for the rupee today against the major currencies. Stock markets will be the key today and any weakness in stock markets will adversely affect rupee, although temporarily. On the political front there have not been any major developments over the weekend. Political news (if any) will be the key. Trade in technical and ignore the rest.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Sell only if usd/inr trades below 53.1300 for 53.0200-52.8700

EURO/INR SEPTEMBER: Sell only if eur/inr trades below over 70.1500 for 69.3100-68.8600

GBP/INR SEPTEMBER: Sell only if gbp/inr trades below 87.6800 for 87.1500-86.4800

JPY/INR SEPTEMBER: Sell jpy/inr only if trades below 69.3800 for 69.1525-68.5600

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 54.3375)

Bullish over 53.6600 with 54.0200-54.4300 as price target

Bearish below 53.4800 with 53.1300 and 52.8600 as price target

Neutral Zone: 53.4800-53.6600

BREAK POINT: - 53.1300-53.7600

·         53.1325 is the key long term support and there will be a technical break down only below 53.1325

·         On the higher side as long as 53.7600 is not broken upside will be limited

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 70.3450)

Bullish over 70.6200 with 70.9800-71.1550 as price target

Bearish below 70.4150 with 70.1500-69.6750 as price target

Neutral Zone: 70.4150-70.6200

BREAK POINT: 70.1500

  • 70.1500  is the key short term support and there will be a technical break down below 70.1500 all the way to 69.7600-69.2300
  • On the higher side only a break 71.1500 this week as result in further gains. As long as cable trades below 71.1500 the short term trend is bearish.

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 87.9475)

Bullish over 88.1225 with 88.3675 and 88.7500 as price target

Bearish below 87.6925 with 87.2750-86.6800 as price target

Neutral Zone: 87.6925-88.1225

BREAK POINT: 88.1200

·         Pound/Inr needs to trade over 88.1200 for 88.3675-88.7500

·         Another wave of selling will be there only below 87.82 to 87.4550-86.7275

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 69.4375)

Bullish over 69.3700 with 69.6325 and 70.1225 as price target

Bearish below 69.1975 with 68.7325 and 68.2950 as price target

Neutral Zone: 69.1975-69.3700

BREAK POINT: - 69.1975

  • Overall bearish below 70.1200. Key long term support is at 68.6325 and as yen/inr trades over 68.6325 upside risk will be limited.

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 


Thursday, September 20, 2012

21st September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report


Insignia Consultants

New Delhi

Friday, September 21, 2012

TIME: 08:31 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

It seems that the UPA government will not fall even if Trinamool Congress withdraws its support. FDI in retail has been notified. The big question is that in the next twenty months there has to be general elections. After that if the congress does not comes to power then FDI in retail can be withdrawn. Foreigners will invest in India but with a caution. In 2013 there are a number of state elections where Congress is in power.  Political developments will be the key over the next twelve months despite no threat to the UPA government.

On the reforms front there is huge pressure to deliver. Month end demand and quarter end demand will start to pick up. US dollar inflows in India by non resident Indians will rise from now as they take advantage of a seemingly weaker rupee.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Buy only if usd/inr trades over 54.12725 for 54.76-55.02

EURO/INR SEPTEMBER: Buy only if eur/inr trades over 70.85 for 71.36-71.46

GBP/INR SEPTEMBER: Buy only if gbp/inr trades over 87.6925

JPY/INR SEPTEMBER: Buy jpy/inr only below 69.0200 for 69.5700-70.5200

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 54.3375)

Bullish over 54.2225 with 54.4975-54.9650 as price target

Bearish below 53.9600 with 53.6325 and 53.3675 as price target

Neutral Zone: 53.9600-54.2225

BREAK POINT: - 54.4200

·         Rupee needs to trade over 54.4225 for 54.7975-55.0200

·         Another wave of buying will be there only over 54.4225 for 54.9650

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 70.3450)

Bullish over 70.6000 with 71.1500-71.3225 as price target

Bearish below 70.4650 with 70.2250-69.6750 as price target

Neutral Zone: 70.4650-70.6000

BREAK POINT: 70.5125

  • 70.5125 is the key resistance and euro/inr needs to trade over 70.5125 to target 71.15
  • 69.9575 is the key short term support and for the rest of the month another wave of selling will be only below

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 87.9475)

Bullish over 88.0200 with 88.7425 and 89.0200 as price target

Bearish below 87.6925 with 87.0250-86.7200 as price target

Neutral Zone: 87.2725-87.6925

BREAK POINT: 88.0200

·         Pound/Inr needs to trade over 88.0200 for 88.7475-89.1100

·         Another wave of selling will be there only below 87.69 else dips are a buying opportunity.

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 69.4375)

Bullish over 69.0100 with 70.5300 and 70.8650 as price target

Bearish below 68.8800 with 68.6325 and 68.2950 as price target

Neutral Zone: 68.8800-69.0100

BREAK POINT: - 69.7925

  • Yen inr needs to trade over 69.1800 to target 70.1200-70.5300
  • Another wave of selling will be there only below 69.1800 else dips are a buying opportunity.

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 


Wednesday, September 19, 2012

20th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report


Insignia Consultants

New Delhi

Thursday, September 20, 2012

TIME: 08:31 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

Political uncertainty could result in rupee weakening against the major currencies today. There will be short covering as position rebuilding for Monday. The UPA government even if it is in minority will not fall immediately. In the past we have seen the Narsimha Rao government in power for more than a year despite being in minority. Foreign investors will be closely watching the developments before taking a final call on their Indian investments. Certainly the pace of foreign inflows will be below expectations in the next few weeks.

There is an "Nation wide strike" called  by the Bhartiya Janta Party (BJP) and it can reduce trading volumes in currency markets as full working team may not be present in banks and broking houses. Intra day volatility will be high. Trade carefully.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Buy only if usd/inr trades over 54.12725 for 54.76-55.02

EURO/INR SEPTEMBER: Buy only if eur/inr trades over 70.85 for 71.36-71.46

GBP/INR SEPTEMBER: Buy only if gbp/inr trades over 87.6925

JPY/INR SEPTEMBER: Buy jpy/inr only below 69.0200 for 69.5700-70.5200

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 54.0850)

Bullish over 54.1425 with 54.4200-54.7900 as price target

Bearish below 53.7600 with 53.6325 and 53.3675 as price target

Neutral Zone: 53.7600-54.1425

BREAK POINT: - 54.4200

·         Rupee needs to trade over 54.1425 for 54.7975

·         Another wave of buying will be there only over 54.3725 for 54.7900

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 71.1500)

Bullish over 70.8725 with 71.7100-72.1500 as price target

Bearish below 70.5100 with 70.1950-69.8775 as price target

Neutral Zone: 70.5100-70.8725

BREAK POINT: 70.5125-71.1550

  • 71.17 price target was achieved. Euro/inr can rise to 71.71-72.15 as long as it trades over 70.9700
  • Another wave of selling will be below 70.9700 only

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 87.8525)

Bullish over 88.0200 with 88.7425 and 89.0200 as price target

Bearish below 87.6925 with 87.0250-86.7200 as price target

Neutral Zone: 87.2725-87.6925

BREAK POINT: 88.0200

·         Pound/Inr needs to trade over 88.0200 for 89.0225

·         Another wave of selling will be there only below 87.69 else dips are a buying opportunity.

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 68.7400)

Bullish over 68.6325 with 69.0100 and 70.5350 as price target

Bearish below 68.2950 with 67.7425 and 67.5350 as price target

Neutral Zone: 68.2950-68.6325

BREAK POINT: - 68.6325

  • Yen inr needs to trade over 68.6325 to target 70.5300-70.8675
  • Another wave of selling will be there only below 68.6325 else dips are a buying opportunity.

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Monday, September 17, 2012

18th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report


Insignia Consultants

New Delhi

Tuesday, September 18, 2012

TIME: 08:36 am IST            

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NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

We need to wait and watch if gains in the rupee continue. Global factors will affect the rupee more than domestic factors. Financial half yearly close implies that at lower prices there will be demand. The CRR rate cut by 0.25% will inject Rs.17000 crore in the markets. This will help to tide over half yearly demand. Tomorrow Banks and currency markets are closed in India due to "Ganesh Chaturthi" festival. There will be profit taking on short positions which will add to demand and a weaker rupee.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Buy only if usd/inr trades over 54.1425 for 54.36-54.76

EURO/INR SEPTEMBER: Buy only if eur/inr trades over 70.85 for 71.36-71.46

GBP/INR SEPTEMBER: Buy only if gbp/inr trades over 87.6925

JPY/INR SEPTEMBER: Sell jpy/inr only below 68.6950.

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 53.9200)

Bullish over 54.1425 with 54.4200-54.7900 as price target

Bearish below 53.7600 with 53.6325 and 53.3675 as price target

Neutral Zone: 53.7600-54.1425

BREAK POINT: - 54.1425

·         Rupee needs to trade over 54.1425 for 54.7975

·         Another wave of buying will be there only over 54.1425 for 54.7900

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 70.7000)

Bullish over 70.5125 with 71.1225-71.7100 as price target

Bearish below 70.2400 with 69.9500-69.3175 as price target

Neutral Zone: 70.2400-71.5125

BREAK POINT: 70.5125-71.1550

  • Euro/inr key support is at 70.5125 and it can rise to 71.17-71.7125 as long as it trades over 70.5125
  • Another wave of selling will be below 70.5125 only

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 87.4975)

Bullish over 87.6925 with 88.0225 and 88.8400 as price target

Bearish below 87.2725 with 87.0250-86.7200 as price target

Neutral Zone: 87.2725-87.6925

BREAK POINT: 87.6925

·         Pound/Inr needs to trade over 87.2725 for 88.0200-88.4900

·         Another wave of selling will be there only below 87.20 else dips are a buying opportunity.

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 68.7650)

Bullish over 68.6325 with 69.0100 and 70.5350 as price target

Bearish below 68.2950 with 67.7425 and 67.5350 as price target

Neutral Zone: 68.2950-68.6325

BREAK POINT: - 68.6325

  • Yen inr needs to trade over 68.2950 to target 70.5300-70.8675
  • Another wave of selling will be there only below 68.2950 else dips are a buying opportunity.

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Sunday, September 16, 2012

17th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report

Insignia Consultants

New Delhi

Monday, September 17, 2012

TIME: 07:55 am IST            

 ------------------------------------------------------------------------------------------------------------------------------------------------

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

The reforms announced on Friday evening in India are as below:

  1. Foreign direct investment in Aviation allowed upto 49%
  2. Foreign direct investment in Multi brand allowed upto 51%
  3. Foreign direct investment in Power sector
  4. 74 per cent foreign investment allowed in the cable and direct-to-home (DTH) services, 
  5. Selling minority stakes in four public sector companies, Hindustan Copper, Oil India, MMTC and Nalco, to raise up to Rs. 15,000 crore.

These big reforms will result in inflows huge foreign exchange reserve in India. I do not think that there will be any political uncertainty in India and that the UPA will complete the full term. The UPA allies are not prepared for near term elections and that if elections happens any time this year the Congress party and its UPA allies will perform miserably. There will be just mild noises from UPA allies and nothing else.

The Indian rupee has formed a long term top against the US dollar and looks headed for 48.00 in the next twelve months against the US dollar. Rupee gains against the major currencies will be supported by strong global factors. The only risk to the long term bullish view on the rupee is a central election in the next six months. We might also see an upgrade in the Indian sovereign debt rating in the first quarter of 2013.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Sell on rise with a stop loss of 55.40 target 53.1500 and 52.7000

EURO/INR SEPTEMBER: Sell on rise with a stop loss over 71.90 target 69.87 and 69.41

GBP/INR SEPTEMBER: Sell on rise with a stop loss over 89.56 target 87.4550-86.7275

JPY/INR SEPTEMBER: Sell jpy/inr only below 69.4800 for 68.2950

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 54.3225)

Bullish over 54.7000 with 55.010-55.3700 as price target

Bearish below 54.38 with 53.6325 and 53.3675 as price target

Neutral Zone: 54.7000-54.3800

BREAK POINT: - 54.1400

·         Rupee can fall to 53.3675 as long as it trades below 55.70

·         Another wave of selling will be there only below 54.1400 to 53.6375

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 71.1550)

Bullish over 71.1500 with 71.5725-72.3525 as price target

Bearish below 71.0225 with 70.5125-69.8700 as price target

Neutral Zone: 71.0225-71.1500

BREAK POINT: 71.1500

  • Euro/inr can fall to 70.5125 and 69.87 as long as it trades below 71.84
  • Only a break of 71.84 will result in resumption of bullish trend else rise are a selling opportunity and nothing else.

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 88.1475)

Bullish over 88.0200 with 88.7400 and 89.5625 as price target

Bearish below 87.9600 with 88.6950-87.2725 as price target

Neutral Zone: 87.9600-88.0200

BREAK POINT: 88.0200

·         Pound/Inr can fall to 87.6950 and 87.2725 as long as it trades below 88.7475

·         Only a break of 88.7475 will result in resumption of bullish trend else rise are a selling opportunity.

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 69.6825)

Bullish over 70.0200 with 71.3700 and 70.7325 as price target

Bearish below 69.7800 with 69.0100 and 68.6325 as price target

Neutral Zone: 69.7800-70.0200

BREAK POINT: - 69.6325

  • Yen can fall to 69.0100 and 68.6325 as long as it trades below 70.3700
  • Only a break of 70.3700 will result in resumption of bullish trend else rise are a selling opportunity.

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 and employess do not have any open positions. Our clients do trade on the above report.

"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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Thursday, September 13, 2012

14th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report

Insignia Consultants

New Delhi

Friday, September 14, 2012

TIME: 08:54 am IST            

 ------------------------------------------------------------------------------------------------------------------------------------------------

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

There are all the positive news for rupee to gain against the major currencies. Diesel price hike by Rs.5.00 is a short in the arm for rupee bulls. I just hope there is no partial roll back of diesel price hike as in past occasions. The Federal Reserve buying of $40 billion bonds is another plus for the rupee. It remains to be seen whether demand for dollars is there or not at lower prices. Hopefully importers will come up and lap extra dollar supplies. H

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Sell only if rupee trades below 55.1000 for 54.9675-54.74

EURO/INR SEPTEMBER: Buy only if euro/inr trades over 71.52 for 71.79-71.92

GBP/INR SEPTEMBER: Buy gbp/inr only if it trades over 89.25 for 89.52-89.81

JPY/INR SEPTEMBER: Sell jpy/inr only below 70.9300

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 55.4275)

Bullish over 55.2500 with 55.4700-55.6100 as price target

Bearish below 55.1200 with 54.7800 and 54.5200 as price target

Neutral Zone: 55.1200-55.2500

BREAK POINT: - 55.12

·         Rupee can fall to 54.7975 as long as it trades below 55.3700

·         Another wave of selling will be there only below 54.9800 to 54.7975 and 54.4975

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 71.4625)

Bullish over 71.3800 with 71.6000-72.0200 as price target

Bearish below 71.2000 with 70.9350-70.5700 as price target

Neutral Zone: 71.2000-71.3800

BREAK POINT: 71.6000

  • Euro/inr needs to trade over 71.38 to target 71.97-72.25
  • Key intra day support is at 71.20 and there will be sellers only below 71.20

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 89.1800)

Bullish over 89.0225 with 89.3800 and 89.6325 as price target

Bearish below 88.9800 with 88.7450-88.4900 as price target

Neutral Zone: 88.9800-89.0225

BREAK POINT: 89.2800

·         Pound/Inr needs to trade over 89.2800 to target 89.6325-89.9575

·         There will be sellers only if cable trades below 89.2800

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 71.2700)

Bullish over 71.3700 with 71.5200 and 71.7600 as price target

Bearish below 71.1200 with 70.9700 and 70.6700 as price target

Neutral Zone: 71.1200-71.3700

BREAK POINT: - 71.1925

  • Yen needs to trade over 71.1900 to target 71.5300-71.8075
  • There will be sellers only below 71.1900

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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Wednesday, September 12, 2012

13th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report



Insignia Consultants

New Delhi

Thursday, September 13, 2012

TIME: 08:54 am IST            

 ------------------------------------------------------------------------------------------------------------------------------------------------

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Technical levels to watch

  • Usd/inr september 100 day moving average is at 55.3275

Commentary

The federal reserve will be the key for the rupee as there are not much domestic factors today. There is huge expectation that industrial growth with pick up from October this has resulted in gains for the rupee. There will be a clash between short term bulls and long term bears in the US dollar-Indian rupee. I expect the bears to succeed. Tomorrow's opening will be very crucial for the rupee.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Buy only if rupee trades over 55.3700

EURO/INR SEPTEMBER: Buy only if euro/inr trades over 71.52 for 71.79-71.92

GBP/INR SEPTEMBER: Buy gbp/inr only if it trades over 89.05 for 89.27-89.77

JPY/INR SEPTEMBER: Sell jpy/inr only below 70.9300

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 55.3000)

Bullish over 55.3700 with 55.6125-55.7900 as price target

Bearish below 55.1200 with 55.0200 and 54.7800 as price target

Neutral Zone: 55.1200-55.3700

BREAK POINT: - 55.3700

·         It remains to be seen whether rupee trades below 55.00 or not. A sustained fall below 55.00 will result in 54.78 and 55.4800

·         Another wave of selling will be there only below 54.9800

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 71.3400)

Bullish over 71.1700 with 71.5200-71.9500 as price target

Bearish below 70.9850 with 70.8325-70.5700 as price target

Neutral Zone: 70.9850-71.1700

BREAK POINT: 71.5200

  • 71.23 price target achieved. Euro/inr needs to trade over 71.17 to target 71.9700-73.00
  • Key intra day support is at 71.17 and there will be sellers only below 71.1700

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 88.9650)

Bullish over 88.7450 with 89.2150 and 89.5750 as price target

Bearish below 88.6800 with 88.3750-88.2100 as price target

Neutral Zone: 88.6800-88.7450

BREAK POINT: 89.0225

·         Pound/Inr needs to break 89.0225 to target 89.37-89.79.

·         There will be sellers as long as cable trades below 89.0225

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 70.9925)

Bullish over 70.9050 with 71.1900 and 71.5300 as price target

Bearish below 70.6550 with 70.3700 and 70.1200 as price target

Neutral Zone: 70.6550-70.9050

BREAK POINT: - 70.9425

  • Yen targets 71.1925-71.53 as long as it trades over 70.8850.
  • Key support is at 70.8850 and there will be sellers only below 70.8850

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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Tuesday, September 11, 2012

AUGUST MCX PERFORMANCE SHEET

12th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report


Insignia Consultants

New Delhi

Wednesday, September 12, 2012

TIME: 08:48 am IST            

 ------------------------------------------------------------------------------------------------------------------------------------------------

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Technical levels to watch

  • Usd/inr september 100 day moving average is at 55.3275

Commentary

 The Reserve Bank of India hiked the maximum limit to $3 billion for foreign borrowers under the external commercial borrowing (ECB) norms.  FIIs can now invest up to USD five billion in rupee bonds within the overall corporate bond limit of $45 billion. Also, the Small Industries Development Bank of India (SIDBI) has been made as "an eligible borrower" for accessing ECB route for on-lending to the Micro, Small and Medium Enterprises (MSME). The measures by the RBI suggest a desperate need for foreign inflows. Media reports suggest that there are around $8 billion to be paid as ECB repayments between now and October which will definitely add pressure on the rupee to weaken. However once the repayment is made rupee will starts its another round of gains.

The four trading sessions are very crucial fore the rupee due to global factors such as the federal reserve meeting among others.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Buy as near to 55.00 stop loss below 54.70 for tomorrow

EURO/INR SEPTEMBER: Buy only if euro/inr trades over 71.12 for 71.27-71.57

GBP/INR SEPTEMBER: Buy gbp/inr only if it trades over 89.05 for 89.27-89.77

JPY/INR SEPTEMBER: Sell jpy/inr only below 70.9300

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 55.4625)

Bullish over 55.4650 with 55.6125-55.7900 as price target

Bearish below 55.3700 with 55.2100 and 55.1300 as price target

Neutral Zone: 55.3700-55.4650

BREAK POINT: - 55.4800

·         55.4650 is the key intra day support and usd/inr needs to trade over 55.4650 else it will fall to 55.21 and 55.05

·         Another wave of selling will be there only below 55.4650

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 70.8825)

Bullish over 71.0500 with 71.2100-71.9500 as price target

Bearish below 70.8950 with 70.6725-70.5700 as price target

Neutral Zone: 70.8950-71.0500

BREAK POINT: 70.9300

  • Euro/inr needs can rise to 71.23-72.30 as long as it trades over 70.7950. There will be a technical break down only below 70.7950 all the way to 70.3325

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 88.8450)

Bullish over 88.7450 with 89.2150 and 89.5750 as price target

Bearish below 88.6800 with 88.3750-88.2100 as price target

Neutral Zone: 88.6800-88.7450

BREAK POINT: 89.0225

·         Pound/Inr needs to break 89.0225 to target 89.37-89.79.

·         There will be sellers as long as cable trades below 89.0225

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 71.0275)

Bullish over 70.9050 with 71.1900 and 71.5300 as price target

Bearish below 70.6550 with 70.3700 and 70.1200 as price target

Neutral Zone: 70.6550-70.9050

BREAK POINT: - 70.9425

  • Yen targets 71.1925-71.53 as long as it trades over 70.8850.
  • Key support is at 70.8850 and there will be sellers only below 70.8850

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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Monday, September 10, 2012

11th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report


Insignia Consultants

New Delhi

Tuesday, September 11, 2012

TIME: 08:16 am IST            

 ------------------------------------------------------------------------------------------------------------------------------------------------

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Technical levels to watch

  • Usd/inr september 100 day moving average is at 55.3275

Commentary

There is expectation that if the UPA government does not come out with another round of reforms then India will get another credit rating downgrade by the rating agencies. This is preventing rupee from major gains. For the rest of September the key will be whether Diesel prices will be raised or not. The monsoon picture is fairly clear. Sustained gains in the Indian rupee will be dependent on diesel prices direction. There is no effort by the UPA government to curb the fiscal deficit and markets will be looking forward to measures to curb the deficit menace.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Use a buy on sharp dips strategy with a stop loss below 55.13.

EURO/INR SEPTEMBER: Sell euri/inr trades below 70.9300

GBP/INR SEPTEMBER: Buy gbp/inr only if it trades over 89.25 for 89.75-90.25

JPY/INR SEPTEMBER: Sell jpy/inr only below 70.9300

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 55.5450)

Bullish over 55.6450 with 55.7925-55.9700 as price target

Bearish below 55.4800 with 55.3400 and 55.1300 as price target

Neutral Zone: 55.4800-55.6450

BREAK POINT: - 55.4800

·         55.4800 is the key intra day support and usd/inr needs to trade over 55.4800 to be in bullish zone and target 55.9700

·         Another wave of selling will be there only below 55.4800

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 70.9500)

Bullish over 70.9300 with 71.2000-72.3000 as price target

Bearish below 70.7950 with 70.3325-70.0600 as price target

Neutral Zone: 70.7950-70.9300

BREAK POINT: 70.9300

  • Euro/inr needs can rise to 71.23-72.30 as long as it trades over 70.7950. There will be a technical break down only below 70.7950 all the way to 70.3325

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 88.7575)

Bullish over 88.8725 with 89.2825 and 89.6325 as price target

Bearish below 88.6875 with 88.2725-88.1125 as price target

Neutral Zone: 88.6825-88.8725

BREAK POINT: 88.6875

·         Pound/Inr needs to trade over 88.6825 to target 89.2825-89.6325. There will be a technical breakdown below 89.6325

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 70.8850)

Bullish over 70.9050 with 71.1900 and 71.5300 as price target

Bearish below 70.6550 with 70.3700 and 70.1200 as price target

Neutral Zone: 70.6550-70.9050

BREAK POINT: - 70.9425

  • Yen targets 71.1925-71.53 as long as it trades over 70.6550
  • There will be technical break down below 70.6550

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

Customer care: 9311139549

You can also mail your queries at insigniaforex@yahoo.com

Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 

 

Thursday, September 06, 2012

7th September: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report



Insignia Consultants

New Delhi

Friday, September 07, 2012

TIME: 10:03 am IST            

 ------------------------------------------------------------------------------------------------------------------------------------------------

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

A weaker US dollar along with higher stock markets has resulted in gains for the Indian rupee against the major currencies. I am not very confident whether gains will be sustainable into next week or not. Next week could be crucial as there is expectation that new reform measures will be announced.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Use a sell on rise strategy with a stop loss of 56.02. If the stop loss is hit then buy for 56.22-56.52

EURO/INR SEPTEMBER: Buy only if euri/inr trades over 70.62

GBP/INR SEPTEMBER: Sell gbp/inr on rise with stop loss over 90.25

JPY/INR SEPTEMBER: Buy on sharp dips with a stop loss below 69.90 for next week

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – (CURRENT PRICE 55.8755)

Bullish over 55.8950 with 56.1275-56.3775 as price target

Bearish below 55.7950 with 55.6450 and 55.4800 as price target

Neutral Zone: 55.7950-55.8950

BREAK POINT: - 55.8950

·         55.62 is the key intra day support and usd/inr needs to trade over 55.62 to be in bullish zone and target 56.02-56.25

·         Another wave of selling will be there only below 55.6200

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – (CURRENT PRICE 70.3850)

Bullish over 70.5200 with 70.6750-71.2400 as price target

Bearish below 70.2950 with 70.1700-69.8975 as price target

Neutral Zone: 70.2950-70.5200

BREAK POINT: 70.5200

  • Euro/inr needs to break and trade over 70.52 today else it will fall to 70.14 and 69.94 before the next leg higher
  • There will be buyers on sharp dips as long as euro/inr trades over 69.90

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – (CURRENT PRICE 88.7825)

Bullish over 88.6700 with 88.9025 and 89.3075 as price target

Bearish below 88.5925 with 88.3725-88.1525 as price target

Neutral Zone: 88.5925-88.6700

BREAK POINT: 88.9500

·         Pound/Inr needs to trade over 88.67 to target 89.2500

·         There will be sellers only below 88.6700

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – (CURRENT PRICE 70.6000)

Bullish over 70.9500 with 71.5250 and 71.9500 as price target

Bearish below 70.5400 with 70.3700 and 70.1200 as price target

Neutral Zone: 70.5400-70.9500

BREAK POINT: - 70.3700

  • 70.3700 is the key support and yen/inr can rise to 71.1200-71.6700 as long as it trades over 70.37
  • There will be technical break down below 70.3700

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

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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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