Wednesday, June 27, 2012

28th June: Rupee report only for exporters n importer & NSE currency futures usd/inr report



Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Thursday, June 28, 2012

 

 TIME 10:02 AM IST                          

 

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

US DOLLAR – INDIAN RUPEE REPORT (ONLY FOR EXPORTERS AND IMPORTERS)

 

Markets are just waiting for news on the direction of rupee. There is hope that new measures to attract more foreign funds will come up in July. The momentum as well as the sentiment is bearish. Monsoon is expected to hit north India and North West India after 7th July and after that there is no certainty about the rains. The next three weeks could be crucial for monsoon rains and if monsoon rains does not hit north India and central India then a drought will be declared. Prices of essential commodities will zoom. A bad monsoon will prolong the negative sentiment on the rupee.

 

Exporters use a stop loss of 56.88 while importers use a stop loss of 57.62 for their near term receivables and pyables.

 

DAILY TECHNICAL ANALYSIS

Thursday, June 28, 2012

 

LTP

% CHG

50 DAY MA

100 DAY MA

200 DAY MA

USD/INR

 

 

 

 

SPOT

57.0650

0.33

54.7298

52.5099

51.5797

1 MTH

36.25

-3.33

34.81

36.49

33.30

2 MTH

73.00

-0.68

66.88

69.95

62.92

3 MTH

103.50

0.49

96.81

99.68

88.99

6 MTH

183.75

-0.41

170.73

175.57

154.14

9 MTH

260.25

1.07

235.65

241.73

207.82

12 MTH

332.00

0.45

299.46

303.52

255.26

 

 

Technically speaking: Rupee can rise to 57.45 as long as it trades over 56.90.

 

NSE CURRENCY USD/INR JULY CMP 57.3100

Bullish over 57.2650 with 57.43 and 57.67 as price target

Bearish below 57.1200 with 57.02-56.6800 as price target

Neutral Zone: 56.9750-56.7900

BREAK POINT: - 57.26

·        Rupee needs to break 57.48 else it will trade in 57.00-57.46 range

·        There will be sellers only below 57.25

 

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)

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

 

 

 

 

 

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Tuesday, June 26, 2012

27th June: Rupee report only for exporters n importer & NSE currency futures usd/inr report



Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Wednesday, June 27, 2012

 

 TIME 09:41 AM IST                          

 

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

US DOLLAR – INDIAN RUPEE REPORT (ONLY FOR EXPORTERS AND IMPORTERS)

 

The lack of progress on Monsoon rainfall is a worry for the Indian economy. If monsoon rains are deficient then there will not be any interest rate cuts. Month end demand will prevent any major gains for the rupee. We just need to wait and watch as the government is not sleeping. Yesterday night I was watching some business news channel wherein they said that there will be a major overall in the UPA government ministerial portfolio. The diplomatic corporate fraternity in India is very openly said that the UPA government will loose miserably in the next general elections is the current state of economy continues for another year. Global sentiment towards in India and other emerging nations will soon change. Exporters should use a stop loss of 56.48 for their near term receivables while importers should use a stop loss of 57.70 for the near term payables.

 

Every market has a tendency to overshoot or undershoot. Rupee's weakness has overshot and it can continue for some more time. It's difficult to predict when rupee will start to gain against the US dollar but it can happen anytime.

 

 

DAILY TECHNICAL ANALYSIS

 

LTP

% CHG

3 mth %

OPEN INT.

50 DAY MA

100 DAY MA

200 DAY MA

UISD/INR

 

 

 

 

 

 

SPOT

57.0800

0.23

12.21

<NA>

54.6339

52.4356

51.5432

1 MTH

37.00

0

3.50

<NA>

34.76

36.47

33.22

2 MTH

70.00

0

2.19

<NA>

66.75

69.89

62.75

3 MTH

103.00

0

5.10

<NA>

96.68

99.68

88.79

6 MTH

180.75

0

4.93

<NA>

170.51

175.50

153.65

9 MTH

254.50

0

6.37

<NA>

235.34

241.62

207.05

12 MTH

326.00

0

9.03

<NA>

298.90

303.25

254.21

 

 

Technically speaking: Rupee needs to trade over 56.35 else it will fall to 55.80 and 55.48

 

NSE CURRENCY USD/INR JULY CMP 57.3775

Bullish over 57.1250 with 57.53 and 57.84 as price target

Bearish below 56.9600 with 56.65-56.0900 as price target

Neutral Zone: 56.9750-56.7900

BREAK POINT: - 57.26

·        Usd/inr needs to break 57.84 by Friday else it will fall to 56.09

·        There will be sellers only below 57.25

 

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)

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

 

 

 

 

 

Posted by at No comments:

Monday, June 25, 2012

26th June: Rupee report only for exporters n importer & NSE currency futures usd/inr report



Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Tuesday, June 26, 2012

 

 TIME 09:22 AM IST                          

 

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

US DOLLAR – INDIAN RUPEE REPORT (ONLY FOR EXPORTERS AND IMPORTERS)

 

The much hype UPA policy changes turned out to be a damn squib. Increase the limit of foreign institutional investor (FII) exposure in government securities and reducing the lock in period of FII's in infrastructure projects failed to dent market sentiment. Infact we were looking for opening of private sector airlines to FII's and allowing multi brand retail to foreign companies. Unless these two areas are opened the negative mood among overseas investor will prevail. Rupee will trade in an overall bearish view. Technically rupee needs to break 57.70 against the US dollar else it will fall to 54.50.

 

The negative sentiment on Indian economy and the rupee is at its peak. Month end demand and importers covering their short term payables has resulted has added to the demand. Indian importers are generally less in the July to September quarter. If rupee stabilizes and crude oil prices continue to fall then a long term high will be formed for the rupee (against the US dollar) soon.

 

 

DAILY TECHNICAL ANALYSIS

 

LTP

52WK HIGH

52WK LOW

50 DAY MA

100 DAY MA

200 DAY MA

USD/INR

 

 

 

 

 

SPOT

56.9200

57.3250

43.8650

54.5275

52.3551

51.4993

1 MTH

33.50

49.25

1

34.64

36.42

33.11

2 MTH

67.50

82.75

4

66.63

69.85

62.56

3 MTH

99.00

114.75

11.75

96.44

99.61

88.51

6 MTH

173.00

203

39

170.20

175.35

153.09

9 MTH

244.50

275

66

234.88

241.38

206.22

12 MTH

313.25

338.25

91

298.15

302.78

253.09

 

 

Technically speaking: Rupee needs to trade over 56.35 else it will fall to 55.80 and 55.48

 

NSE CURRENCY USD/INR JULY CMP 57.2425

Bullish over 56.9750 with 57.53 and 57.84 as price target

Bearish below 56.7900 with 56.65-56.0900 as price target

Neutral Zone: 56.9750-56.7900

BREAK POINT: - 57.10

·        Usd/inr needs to break 57.84 by Friday else it will fall to 56.09

·        There will be sellers only below 56.97

 

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)

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

 

 

 

 

 

Posted by at No comments:

Wednesday, June 20, 2012

21st June: Rupee report only for exporters n importer & NSE currency futures usd/inr report



Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Thursday, June 21, 2012

 

 TIME 08:40 AM IST                          

 

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

US DOLLAR – INDIAN RUPEE REPORT (ONLY FOR EXPORTERS AND IMPORTERS)

 

The federal reserve meeting did not have any surprises for the markets. Monsoon progress has been stalled for now. In the next three weeks if monsoon rain do not cover all of India then there will be a drought like situation and further lowering of growth targets. Unconfirmed sources say that there huge crude oil related demand from Union bank of India yesterday which if it continues today will result rupee weakening to 56.50 and over. However if crude oil related demand is not there then rupee will fall to 55.75 and 55.48 today.

 

DAILY TECHNICAL ANALYSIS

 

LTP

YTD %

52WK HIGH

52WK LOW

50 DAY MA

100 DAY MA

200 DAY MA

USD/INR

 

 

 

 

 

 

SPOT

56.1000

5.83

56.4650

43.8650

54.1949

52.1113

51.3594

1 MTH

34.50

0.00

49.25

1

34.71

36.39

32.86

2 MTH

67.75

5.86

82.75

4

66.56

69.80

62.03

3 MTH

100.75

12.89

114.75

11.75

96.32

99.56

87.77

6 MTH

176.50

6.81

203

39

170.37

175.20

151.69

9 MTH

246.25

9.93

275

66

234.92

240.88

204.07

12 MTH

317.50

18.80

338.25

91

297.68

301.78

250.18

 

 

Technically speaking: Rupee needs to trade over 56.15 else it will trade in wider 55.50-56.15 range.

 

NSE CURRENCY USD/INR JUNE

Bullish over 56.0750 with 56.2700-56.4100-56.8925 as price target

Bearish below 55.8900 with 55.7050-55.4300 as price target

Neutral Zone: 55.8900-56.1550

BREAK POINT: - 56.1550

·        Usd/inr needs to break 56.32 today else it will fall to 55.68

·        There will be sellers only below 55.89.

 

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)

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

 

 

 

 

 

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