FACTORS TO WATCH FOR 03.12.2014
* U.S. dollar rises vs basket of major currencies
* South Korea's won led gains in emerging Asian majors
* Investors await ECB, Friday's payrolls data
* 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 62.14 / 62.08 / 61.98 . And the upperside, it has Strong Resistance @ 62.24 upperside, it may test Resistance Levels such as 62.30 / 62.40 / 62.46 . Currently USDINR is Trading @ 62.20
EURINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 77.23 / 77.08 / 76.84 . And the upperside, it has Strong Resistance @ 77.46 upperside, it may test Resistance Levels such as 77.61 / 77.85 / 78.00 . Currently EURINR is Trading @ 77.38
GBPINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 97.44 / 97.28 / 96.97 . And the upperside, it has Strong Resistance @ 97.75 upperside, it may test Resistance Levels such as 97.91 / 98.23 / 98.38 . Currently GBPINR is Trading @ 97.60
JPYINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 52.18 / 52.05 / 51.79 . And the upperside, it has Strong Resistance @ 52.44 upperside, it may test Resistance Levels such as 52.57 / 52.83 / 52.96 . Currently JPYINR is Trading @ 52.31