Insignia Consultants
New Delhi
Friday, July 27, 2012
TIME 09:10 AM IST
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COMMENTARY ON NSE CURERNCY FUTURES
US DOLLAR-INDIAN RUPEE JULY 2012
Usd/Inr has opened at 55.4750 and can fall to 55.20-55.05 as long as it trades below 55.65. Only a close below 55.4 today will be bearish for next week
We prefer to sell only if rupee trades below 56.30 today
EURO – INDIAN RUPEE JULY 2012
Eur/Inr has opened at 68.1500 and needs to trade over 68.12 to target 68.69. There will be sellers as long as euro trades below 68.12 to 67.8850.
We prefer to buy as near to 67.65 with stop loss below 67.48
BRITISH POUND-INDIAN RUPEE JULY 2012
Pound has opened at 86.95 and needs to trade over 86.88 to prevent another round of selling to 86.1075. Key resistance 87.5875
We prefer to sell as near to 87.60 with a stop loss of 87.85
JAPANESE YEN-INDIAN RUPEE JULY 2012
Yen has opened at 70.9025 and can fall to 70.61 and 70.06 as long as it trades below 71.12. There will be buyers only over 71.12.
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
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