31st August: NSE currency future trading tips, NSE currency future trading calls, NSE currency future report & MCX-SX report

Insignia Consultants

New Delhi

Friday, August 31, 2012

TIME: 09:22 am IST            

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

NSE CURRNCY FUTURES/MCX-SX CURRENCY FUTURES TECHNICAL REPORT

(All prices are in Indian rupees below in this report)

Commentary

Be prepared for big moves in rupee after the release of Indian April to June GDP numbers. Apart from this global factors will affect the rupee. There will be demand as Monday US markets are closed.

Trading strategy For the very large traders and high risk traders

USD/INR SEPTEMBER: Buy only if it usd/inr trades over 56.0200

EURO/INR SEPTEMBER: Sell only if euro/inr trades below 69.9800

GBP/INR SEPTEMBER: Sell only if gbp/inr trades below 88.1500

JPY/INR SEPTEMBER: sell only if yen/inr trades below 70.99

TECHNICAL VIEW

US-DOLLAR – INDIAN RUPEE (USD/INR) SEPTEMBER – 55.9250

Bullish over 55.8400 with 56.0750-56.2550 as price target

Bearish below 55.7200 with 55.6800 and 55.4800 as price target

Neutral Zone: 55.7200-55.8400

BREAK POINT: - 55.9825

·         55.82 is the key intra day support and usd/inr can rise to 56.02-56.27 as long as it trades over 55.82

·         There will be sellers only below 55.8200.

 

EURO-INDIA RUPEE (EUR/INR) SEPTEMBER – 69.9550

Bullish over 69.9550 with 70.1700-70.47 as price target

Bearish below 69.8950 with 69.7125-69.4850 as price target

Neutral Zone: 69.8950-69.9550

BREAK POINT: 70.1700

• Euro/inr needs to break 70.17 today else it will fall to 69.69 and 69.48
• There will be buyers only over 70.02

UK POUND -INDIA RUPEE (GBP/INR) SEPTEMBER – 88.2600

Bullish over 88.1500 with 88.5025 and 88.8300 as price target

Bearish below 87.9800 with 87.6125-87.3700 as price target

Neutral Zone: 87.9800-88.1500

BREAK POINT: 88.15

·         Pound/Inr can rise to 88.8325 as long as it trades over 85.1500

·         There will be sellers only below 88.1500

JAPANESE YEEN -INDIA RUPEE (JPY/INR) SEPTEMBER – 71.1900

Bullish over 71.04 with 71.3200 and 71.5225 as price target

Bearish below 70.92 with 70.6950 and 70.4850 as price target

Neutral Zone: 70.9200-71.04

BREAK POINT: - 71.2525

• Yen needs to break 71.37 today for 71.97. If yen does not break 71.37 today then it will fall to 71.02 and 69.88
• There will be sellers only below 71.0250

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)