Insignia Consultants
New Delhi
Monday, August 13, 2012
TIME: 09:10 am IST
------------------------------------------------------------------------------------------------------------------------------------------------
NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT
Trading strategy For the very large traders and high risk traders
USD/INR AUGUST: Sell only if rupee trades below 55.40.
EURO/INR AUGUST: Sell only if it trades below 68.5300
GBP/INR AUGUST: Sell only if cable trades below 86.4950
JPY/INR AUGUST: Buy only if yen trades over 70.73 for 70.97-71.37
TECHNICAL VIEW
US-DOLLAR – INDIAN RUPEE (USD/INR) AUGUST – 55.3550
Bullish over 55.4700 with 55.6400-55.9100 as price target
Bearish below 55.3700 with 55.1000-54.9800 as price target
Neutral Zone: 55.2200-55.5100
BREAK POINT: - 55.4700
· Usd/Inr should trade in 55.00-55.60 wider range
· There will be sellers if rupee trades below 55.51
EURO-INDIA RUPEE (EUR/INR) AUGUST – 68.0700
Bullish over 68.3700 with 68.7100-69.2500 as price target
Bearish below 68.1200 with 67.8800-67.5675 as price target
Neutral Zone: 68.1200-68.37
BREAK POINT: 68.1200
- 68.12 is the key resistance and euro/inr needs to trade over 68.12 else it will fall to 67.85 and 67.58
- Short term traders buy as near to 67.58 with a stop loss below 67.09
UK POUND -INDIA RUPEE (GBP/INR) AUGUST – 86.69
Bullish over 86.4900 with 87.0700 and 87.3600 as price target
Bearish below 86.36 with 86.1900-85.8325 as price target
Neutral Zone: 86.36000-86.4900
BREAK POINT: 86.4950
· Pound can rise to 87.05-87.16 as long as it trades over 86.49
· There will be sellers only below 86.49
JAPANESE YEEN -INDIA RUPEE (JPY/INR) AUGUST – 70.6400
Bullish over 70.7300 with 71.2300 and 71.6725 as price target
Bearish below 70.3100 with 70.0100 and 69.6400 as price target
Neutral Zone: 70.3100-70.7200
BREAK POINT: - 70.7300
- Yen needs to trade over 70.73 today else to target 71.23-71.73.
- There will be sellers only below 70.7200
Happy profitable trading & Trade without emotions
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. Website www.insigniaconsultants.in
Disclosure: The directors have short positions in usd/inr and jpy/inr
"Print this report only if absolutely necessary. Save Paper. Save Trees."
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 ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
Customer care: 9311139549
You can also mail your queries at insigniaforex@yahoo.com
Chat Id: insigniaconsultants@gmail.com (gtalk), insigniaforex@yahoo.com (yahoo)
(10:30 am to 5:30 pm Indian time, Monday to Friday)
No comments:
Post a Comment