FACTORS TO WATCH
* Australian dlr slides to 4-yr low against greenback
* Oil slump reverberates after Nigeria currency devaluation
* ECB outlook lifts Europe shrs, Australian dlr sags
* Foreign institutional investor flows
* For data on currency futures
USDINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 62.13 / 62.02 / 61.84 . And the upperside, it has Strong Resistance @ 62.31 upperside, it may test Resistance Levels such as 62.42 / 62.60 / 62.71 . Currently USDINR is Trading @ 62.25
EURINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 77.37 / 77.27 / 77.09 . And the upperside, it has Strong Resistance @ 77.56 upperside, it may test Resistance Levels such as 77.66 / 77.85 / 77.95 . Currently EURINR is Trading @ 77.48
GBPINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 97.64 / 97.39 / 97.22 . And the upperside, it has Strong Resistance @ 97.80 upperside, it may test Resistance Levels such as 98.05 / 98.22 / 98.47 . Currently GBPINR is Trading @ 97.89
JPYINR ( 29-Dec-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 53.07 / 53.17 / 53.31 . And the lower side , it has Strong Support @ 52.93 downside, it may tank to near support Levels such as 52.83 / 52.69 / 52.59 . Currently JPYINR is Trading @ 52.96