7th May: NSE currency futures tips, calls report & MCX-SX report

Insignia Consultants

New Delhi

www.insigniaconsultants.in

Monday, May 07, 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 53.5775): Sell below 53.4575 for 53.3575-53.1275 or buy over 53.62 for 53.83-54.29

EURO – INDIAN RUPEE MAY 2012 (CMP 70.5600): Sell below 70.47 for 70.32-70.13

BRITISH POUND-INDIAN RUPEE MAY 2012 (CMP 86.9875): Buy over 87.08 for 87.32-88.02 or sell below 86.78 for 86.38-85.60.

JAPANESE YEN-INDIAN RUPEE MAY 2012 (CMP 66.9825): Buy over 67.02 for 67.25-67.52 or Sell below 66.65 for 66.55-66.29

NSE currency futures/MCX-SX DAILY TECHNICAL ANALYSIS
CURRENCY	CMP	SUPPORT				RESISTANCE
		S3	S2	S1	PIVOT	R1	R2	R3
USD/INR MAY	53.5775	53.1275	53.2875	53.4575	53.4575	53.6200	53.8300	54.2950
EURO/INR MAY	70.5600	69.9300	70.3200	70.4700	70.4700	70.6100	70.8500	71.1900
GBP/INR MAY	86.9875	85.9250	86.3850	86.7800	87.1150	87.1150	87.4400	87.6425
JPY/INR MAY	66.9825	66.0800	66.5500	66.8700	66.6575	67.1375	67.4000	67.5600

LIMIT ORDER

US DOLLAR-INDIAN RUPEE MAY 2012: Buy around 52.98-53.05 stop loss 52.60 for 53.75-55.25 – call for Friday

EURO – INDIAN RUPEE MAY 2012: Sell around 71.41 stop loss over 72.10 for 69.52-68.50 – call for next week

BRITISH POUND-INDIAN RUPEE MAY 2012: Sell around 88.19 stop loss over 88.62 for 87.02-85.50

JAPANESE YEN-INDIAN RUPEE MAY 2012: Sell around 67.76 stop loss over 68.10 for 66.17-65.48

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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