Insignia Consultants
New Delhi
Friday, January 25, 2019
TIME: 9:30 am IST
NSE CURRENCY FUTURES DAILY REPORT
Lack of negative news has resulted in rupee gaining against the
US dollar. Next week is a big week. FOMC and lots of US economic data release
can swing the US dollar Index either side. Budgetary expectation is driving the
rupee and Indian bonds as well. Euro and yen are looking bearish at the moment
while pound is bullish.
US dollar-Indian Rupee 29th January 2019 future (usd/inr CMP 71.0600):
One Support: 70.9650One Resistance: 71.1975
o
Small
sell off will be there below 70.9650.
o
Crash
or sell off will be there if rupee does not break 71.3225 by Monday.
o
Trend
is down at the moment.
Euro/Indian Rupee 29th
January 2019 Futures (Euro/inr CMP 80.4950): One Support: 80.3175
One Resistance: 80.6525
o
Small
sell off will be there below 80.2150.
o
Key
support is at 80.2150.
o
Another
wave of rise will be there over 80.6525 only.
UK Pound/Indian Rupee 29th
January 2019 Futures (Gbp/inr CMP 93.1975): One Support: 93.0950
One Resistance: 93.6200
o
Pound
can rise to 93.6225 today as long as it trades over 93.0950.
o
Small
sell off will be there below 93.0950.
Japanese Yen/Indian Rupee 29th
January 2019 Futures (Jpy/inr CMP 64.7225): One Support: 64.5975
One Resistance: 64.8100
o
Crash
or another wave of sell off will be there below 64.5975.
o
Yen/inr
needs to trade over 64.8100 to rise further.
Disclaimer: Any
opinions as to the commentary, market information, and future direction of
prices of specific currencies, crypto currency, 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. Prepared by
Chintan Karnani
NOTES
TO THE ABOVE REPORT
PLEASE NOTE: HOLDS
MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN
INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time
(IST): +5:30 GMT
Current Market Price
(CMP)
All foreign exchange
prices are for inter-bank rates.
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