3rd May: NSE currency future report, tips calls & MCX-SX report

Insignia Consultants

New Delhi

www.insigniaconsultants.in

Thursday, May 03, 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 53.2500): Buy open price stop loss below 53.12 target 53.37-53.52

EURO – INDIAN RUPEE MAY 2012 (CMP 69.9600): Buy over 70.0550 for 70.1550-70.37 or sell below 69.92 for 69.84-69.68

BRITISH POUND-INDIAN RUPEE MAY 2012 (CMP 86.1250): Buy over 86.32 for 86.48-86.72 or sell below 86.0850 for 85.98-85.3250.

JAPANESE YEN-INDIAN RUPEE MAY 2012 (CMP 66.2625): Buy over 66.28 for 66.37-66.52 or Sell below 66.15 for 66.02-65.78

NSE currency futures/MCX-SX DAILY TECHNICAL ANALYSIS
CURRENCY	CMP	SUPPORT				RESISTANCE
		S3	S2	S1	PIVOT	R1	R2	R3
USD/INR MAY	53.2500	52.7650	52.9650	53.1250	53.3200	53.4700	53.5200	53.9800
EURO/INR MAY	69.9600	69.2100	69.3775	69.8800	69.8800	70.3000	70.4900	70.6600
GBP/INR MAY	86.1250	85.2900	85.8050	85.9800	85.9800	86.3300	86.6775	87.1700
JPY/INR MAY	66.2675	65.6475	65.9950	65.1225	66.4200	66.3550	66.4200	66.7075

LIMIT ORDER

US DOLLAR-INDIAN RUPEE MAY 2012: Buy around 52.90-52.96 stop loss 52.54 target 53.55-53.96

EURO – INDIAN RUPEE MAY 2012: Sell around 70.70 stop loss over 71.10 for 69.48-68.96

BRITISH POUND-INDIAN RUPEE MAY 2012: Sell around 86.67 stop loss over 87.02 for 85.49-84.12

JAPANESE YEN-INDIAN RUPEE MAY 2012: Sell around 66.70 stop loss over 66.96 for 66.02-65.78

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)

You can also mail your queries at insigniacommodity@gmail.com

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

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