Monday, October 20, 2014

Free Jpyinr Intraday Tips, 3rd Session: 21.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.41 SL 61.30 Target 61.51 / 61.59 / 61.67
Sell USDINR (OCT) SB 61.25 SL 61.36 Target 61.15 / 61.07 / 60.99
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.44

Buy EURINR (OCT) SA 78.70 SL 78.59 Target 78.80 / 78.88 / 78.96
Sell EURINR (OCT) SB 78.54 SL 78.65 Target 78.44 / 78.36 / 78.28
EURINR (OCT) : INTRADAY TREND : UP SL : 78.45

Buy GBPINR (OCT) SA 99.28 SL 99.17 Target 99.38 / 99.46 / 99.54
Sell GBPINR (OCT) SB 99.12 SL 99.23 Target 99.02 / 98.94 / 98.86
GBPINR (OCT) : INTRADAY TREND : UP SL : 99.02

Buy JPYINR (OCT) SA 57.77 SL 57.66 Target 57.87 / 57.95 / 58.03
Sell JPYINR (OCT) SB 57.61 SL 57.72 Target 57.51 / 57.43 / 57.35
JPYINR (OCT) : INTRADAY TREND : UP SL : 57.51
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FREE INTERNATIONAL FOREX INTRADAY LEVELS WITH LIVE TREND UPDATION:21.Oct.2014


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Rupee Yahoo Tips, 2nd Session: 21.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.39 SL 61.28 Target 61.49 / 61.57 / 61.65
Sell USDINR (OCT) SB 61.23 SL 61.34 Target 61.13 / 61.05 / 60.97
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.67 SL 78.56 Target 78.77 / 78.85 / 78.93
Sell EURINR (OCT) SB 78.51 SL 78.62 Target 78.41 / 78.33 / 78.25
EURINR (OCT) : INTRADAY TREND : UP SL : 78.34

Buy GBPINR (OCT) SA 99.27 SL 99.16 Target 99.37 / 99.45 / 99.53
Sell GBPINR (OCT) SB 99.11 SL 99.22 Target 99.01 / 98.93 / 98.85
GBPINR (OCT) : INTRADAY TREND : UP SL : 98.94

Buy JPYINR (OCT) SA 57.67 SL 57.56 Target 57.77 / 57.85 / 57.93
Sell JPYINR (OCT) SB 57.51 SL 57.62 Target 57.41 / 57.33 / 57.25
JPYINR (OCT) : INTRADAY TREND : UP SL : 57.40
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Nse Currency Tips, 1st Session: 21.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.42 SL 61.31 Target 61.52 / 61.60 / 61.68
Sell USDINR (OCT) SB 61.26 SL 61.37 Target 61.16 / 61.08 / 61.00
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.62 SL 78.51 Target 78.72 / 78.80 / 78.88
Sell EURINR (OCT) SB 78.46 SL 78.57 Target 78.36 / 78.28 / 78.20
EURINR (OCT) : INTRADAY TREND : UP SL : 78.34

Buy GBPINR (OCT) SA 99.27 SL 99.16 Target 99.37 / 99.45 / 99.53
Sell GBPINR (OCT) SB 99.11 SL 99.22 Target 99.01 / 98.93 / 98.85
GBPINR (OCT) : INTRADAY TREND : UP SL : 98.85

Buy JPYINR (OCT) SA 57.66 SL 57.55 Target 57.76 / 57.84 / 57.92
Sell JPYINR (OCT) SB 57.50 SL 57.61 Target 57.40 / 57.32 / 57.24
JPYINR (OCT) : INTRADAY TREND : UP SL : 57.38
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INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS: 21-10-2014


USDINR ( 29-Oct-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 61.32 / 61.19 / 61.11 . And the upperside, it has Strong Resistance @ 61.40 upperside, it may test Resistance Levels such as 61.53 / 61.62 / 61.75 . Currently USDINR is Trading @ 61.45

EURINR ( 29-Oct-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 78.71 / 78.86 / 79.15 . And the lower side , it has Strong Support @ 78.42 downside, it may tank to near support Levels such as 78.27 / 77.98 / 77.83 . Currently EURINR is Trading @ 78.55

GBPINR ( 29-Oct-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 99.49 / 99.83 / 100.27 . And the lower side , it has Strong Support @ 99.06 downside, it may tank to near support Levels such as 98.71 / 98.28 / 97.93 . Currently GBPINR is Trading @ 99.14

JPYINR ( 29-Oct-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 57.70 / 57.87 / 58.18 . And the lower side , it has Strong Support @ 57.38 downside, it may tank to near support Levels such as 57.21 / 56.90 / 56.73 . Currently JPYINR is Trading @ 57.53
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CURRENCY RESEARCH ANALYSIS: 21-10-2014


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CURRENCY VOLUME ANALYSIS: 21-10-2014


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SUCCESS IN EQUITY PAID CALLS: 20.10.2014

* AXISBANK FUT ACHIEVED OUR FIRST TARGET...!!! (PROFIT Rs.2500 PER LOT)
* HAVELLS FUT ACHIEVED OUR FIRST TARGET...!!! (PROFIT Rs.1250 PER LOT)
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SUCCESS IN CURRENCY CORPORATE PACK TODAY: 20.Oct.2014

* EURINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
* JPYINR ACHIEVED OUR TRIPLE TARGETS (30 Paise)
* GBPINR ACHIEVED OUR TRIPLE TARGETS (30 Paise) 

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Currency Pips and Tips, 10th Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.53 SL 61.42 Target 61.63 / 61.71 / 61.79
Sell USDINR (OCT) SB 61.37 SL 61.48 Target 61.27 / 61.19 / 61.11
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.54 SL 78.43 Target 78.64 / 78.72 / 78.80
Sell EURINR (OCT) SB 78.38 SL 78.49 Target 78.28 / 78.20 / 78.12
EURINR (OCT) : INTRADAY TREND : UP SL : 78.20

Buy GBPINR (OCT) SA 99.13 SL 99.02 Target 99.23 / 99.31 / 99.39
Sell GBPINR (OCT) SB 98.97 SL 99.08 Target 98.87 / 98.79 / 98.71
GBPINR (OCT) : INTRADAY TREND : UP SL : 98.79

Buy JPYINR (OCT) SA 57.53 SL 57.42 Target 57.63 / 57.71 / 57.79
Sell JPYINR (OCT) SB 57.37 SL 57.48 Target 57.27 / 57.19 / 57.11
JPYINR (OCT) : INTRADAY TREND : UP SL : 57.24
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Free Usdinr Tips, 9th Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.51 SL 61.40 Target 61.61 / 61.69 / 61.77
Sell USDINR (OCT) SB 61.35 SL 61.46 Target 61.25 / 61.17 / 61.09
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.53 SL 78.42 Target 78.63 / 78.71 / 78.79
Sell EURINR (OCT) SB 78.37 SL 78.48 Target 78.27 / 78.19 / 78.11
EURINR (OCT) : INTRADAY TREND : UP SL : 78.17

Buy GBPINR (OCT) SA 99.08 SL 98.97 Target 99.18 / 99.26 / 99.34
Sell GBPINR (OCT) SB 98.92 SL 99.03 Target 98.82 / 98.74 / 98.66
GBPINR (OCT) : INTRADAY TREND : UP SL : 98.79

Buy JPYINR (OCT) SA 57.46 SL 57.35 Target 57.56 / 57.64 / 57.72
Sell JPYINR (OCT) SB 57.30 SL 57.41 Target 57.20 / 57.12 / 57.04
JPYINR (OCT) : INTRADAY TREND : UP SL : 57.22
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Rupee Profit Tips, 8th Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.47 SL 61.36 Target 61.57 / 61.65 / 61.73
Sell USDINR (OCT) SB 61.31 SL 61.42 Target 61.21 / 61.13 / 61.05
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.37 SL 78.26 Target 78.47 / 78.55 / 78.63
Sell EURINR (OCT) SB 78.21 SL 78.32 Target 78.11 / 78.03 / 77.95
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.41

Buy GBPINR (OCT) SA 99.05 SL 98.94 Target 99.15 / 99.23 / 99.31
Sell GBPINR (OCT) SB 98.89 SL 99.00 Target 98.79 / 98.71 / 98.63
GBPINR (OCT) : INTRADAY TREND : UP SL : 98.73

Buy JPYINR (OCT) SA 57.37 SL 57.26 Target 57.47 / 57.55 / 57.63
Sell JPYINR (OCT) SB 57.21 SL 57.32 Target 57.11 / 57.03 / 56.95
JPYINR (OCT) : INTRADAY TREND : UP SL : 57.22
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Nse Usdinr Tips, 7th Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.47 SL 61.36 Target 61.57 / 61.65 / 61.73
Sell USDINR (OCT) SB 61.31 SL 61.42 Target 61.21 / 61.13 / 61.05
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.42 SL 78.31 Target 78.52 / 78.60 / 78.68
Sell EURINR (OCT) SB 78.26 SL 78.37 Target 78.16 / 78.08 / 78.00
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.41

Buy GBPINR (OCT) SA 99.00 SL 98.89 Target 99.10 / 99.18 / 99.26
Sell GBPINR (OCT) SB 98.84 SL 98.95 Target 98.74 / 98.66 / 98.58
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 98.99

Buy JPYINR (OCT) SA 57.43 SL 57.32 Target 57.53 / 57.61 / 57.69
Sell JPYINR (OCT) SB 57.27 SL 57.38 Target 57.17 / 57.09 / 57.01
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.37
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RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 20.Oct.2014

RBI REFERENCE RATE

As on 20.Oct.2014 at 12.00Pm Hrs(IST)

USDINR : 61.2873
EURINR : 78.1536
GBPINR : 98.6235
JPYINR :  57.1400
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Usdinr Rupee Tips, 6th Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.42 SL 61.31 Target 61.52 / 61.60 / 61.68
Sell USDINR (OCT) SB 61.26 SL 61.37 Target 61.16 / 61.08 / 61.00
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.48

Buy EURINR (OCT) SA 78.32 SL 78.21 Target 78.42 / 78.50 / 78.58
Sell EURINR (OCT) SB 78.16 SL 78.27 Target 78.06 / 77.98 / 77.90
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.41

Buy GBPINR (OCT) SA 98.89 SL 98.78 Target 98.99 / 99.07 / 99.15
Sell GBPINR (OCT) SB 98.73 SL 98.84 Target 98.63 / 98.55 / 98.47
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 98.99

Buy JPYINR (OCT) SA 57.37 SL 57.26 Target 57.47 / 57.55 / 57.63
Sell JPYINR (OCT) SB 57.21 SL 57.32 Target 57.11 / 57.03 / 56.95
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.37
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Royal Rupee Tips, 5th Session: 20.Oct.2014

SCURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.50 SL 61.39 Target 61.60 / 61.68 / 61.76
Sell USDINR (OCT) SB 61.34 SL 61.45 Target 61.24 / 61.16 / 61.08
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.51

Buy EURINR (OCT) SA 78.27 SL 78.16 Target 78.37 / 78.45 / 78.53
Sell EURINR (OCT) SB 78.11 SL 78.22 Target 78.01 / 77.93 / 77.85
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.41

Buy GBPINR (OCT) SA 98.82 SL 98.71 Target 98.92 / 99.00 / 99.08
Sell GBPINR (OCT) SB 98.66 SL 98.77 Target 98.56 / 98.48 / 98.40
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 98.99

Buy JPYINR (OCT) SA 57.32 SL 57.21 Target 57.42 / 57.50 / 57.58
Sell JPYINR (OCT) SB 57.16 SL 57.27 Target 57.06 / 56.98 / 56.90
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.37
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FREE INTERNATIONAL FOREX INTRADAY LEVELS WITH LIVE TREND UPDATION:20.Oct.2014


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Nse Rupee Tips, 4th Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.47 SL 61.36 Target 61.57 / 61.65 / 61.73
Sell USDINR (OCT) SB 61.31 SL 61.42 Target 61.21 / 61.13 / 61.05
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.51

Buy EURINR (OCT) SA 78.33 SL 78.22 Target 78.43 / 78.51 / 78.59
Sell EURINR (OCT) SB 78.17 SL 78.28 Target 78.07 / 77.99 / 77.91
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.44

Buy GBPINR (OCT) SA 98.86 SL 98.75 Target 98.96 / 99.04 / 99.12
Sell GBPINR (OCT) SB 98.70 SL 98.81 Target 98.60 / 98.52 / 98.44
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 99.00

Buy JPYINR (OCT) SA 57.30 SL 57.19 Target 57.40 / 57.48 / 57.56
Sell JPYINR (OCT) SB 57.14 SL 57.25 Target 57.04 / 56.96 / 56.88
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.35
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Intraday Rupee Tips, 3rd Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.48 SL 61.37 Target 61.58 / 61.66 / 61.74
Sell USDINR (OCT) SB 61.32 SL 61.43 Target 61.22 / 61.14 / 61.06
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.53

Buy EURINR (OCT) SA 78.40 SL 78.29 Target 78.50 / 78.58 / 78.66
Sell EURINR (OCT) SB 78.24 SL 78.35 Target 78.14 / 78.06 / 77.98
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.59

Buy GBPINR (OCT) SA 98.96 SL 98.85 Target 99.06 / 99.14 / 99.22
Sell GBPINR (OCT) SB 98.80 SL 98.91 Target 98.70 / 98.62 / 98.54
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 99.07

Buy JPYINR (OCT) SA 57.32 SL 57.21 Target 57.42 / 57.50 / 57.58
Sell JPYINR (OCT) SB 57.16 SL 57.27 Target 57.06 / 56.98 / 56.90
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.42
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Currency Margin, 2nd Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.45 SL 61.34 Target 61.55 / 61.63 / 61.71
Sell USDINR (OCT) SB 61.29 SL 61.40 Target 61.19 / 61.11 / 61.03
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.62

Buy EURINR (OCT) SA 78.36 SL 78.25 Target 78.46 / 78.54 / 78.62
Sell EURINR (OCT) SB 78.20 SL 78.31 Target 78.10 / 78.02 / 77.94
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.74

Buy GBPINR (OCT) SA 98.88 SL 98.77 Target 98.98 / 99.06 / 99.14
Sell GBPINR (OCT) SB 98.72 SL 98.83 Target 98.62 / 98.54 / 98.46
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 99.27

Buy JPYINR (OCT) SA 57.25 SL 57.14 Target 57.35 / 57.43 / 57.51
Sell JPYINR (OCT) SB 57.09 SL 57.20 Target 56.99 / 56.91 / 56.83
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.56
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Free Eurinr Tips, 1st Session: 20.Oct.2014

CURRENCY TRADING TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (OCT) SA 61.39 SL 61.28 Target 61.49 / 61.57 / 61.65
Sell USDINR (OCT) SB 61.23 SL 61.34 Target 61.13 / 61.05 / 60.97
USDINR (OCT) : INTRADAY TREND : DOWN SL : 61.65

Buy EURINR (OCT) SA 78.31 SL 78.20 Target 78.41 / 78.49 / 78.57
Sell EURINR (OCT) SB 78.15 SL 78.26 Target 78.05 / 77.97 / 77.89
EURINR (OCT) : INTRADAY TREND : DOWN SL : 78.97

Buy GBPINR (OCT) SA 98.79 SL 98.68 Target 98.89 / 98.97 / 99.05
Sell GBPINR (OCT) SB 98.63 SL 98.74 Target 98.53 / 98.45 / 98.37
GBPINR (OCT) : INTRADAY TREND : DOWN SL : 99.31

Buy JPYINR (OCT) SA 57.20 SL 57.09 Target 57.30 / 57.38 / 57.46
Sell JPYINR (OCT) SB 57.04 SL 57.15 Target 56.94 / 56.86 / 56.78
JPYINR (OCT) : INTRADAY TREND : DOWN SL : 57.75
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INDIAN MARKET & 10 MAJOR SECTORWISE STOCKS OUTLOOK FOR THE WEEK: 20.10.2014 to 22.10.2014

Click the Below Links To View Reports
========================================================================

Bank Stocks Outlook for the week – 20 to 22.10.2014

========================================================================

Indian Markets Outlook for the week – 20.10.2014 to 22.10.2014

( www.rupeedesk.in )

Results of elections to the assemblies of Haryana and Maharashtra, which will be
released on Sunday, will determine the course of the markets on Monday. However, benchmark share indices are expected to move in a narrow range later next week as investors avoid taking positions ahead of a long weekend. Markets will be closed on Thursday and Friday for Diwali, but the market will remain open for a short period on Thursday for muhurat trading.

However, for the gains to sustain beyond Monday, the government will have to start the reforms process. Investors will also keep a close watch on global markets. Any major sell-off in overseas markets could fuel selling by foreign institutional investors and a subsequent fall in Indian indices. FIIs continue to sell due to gap in liquidity telling that world is slowing and dollar interest will increase.

We see the National Stock Exchange's Nifty moving between 7650 points and 7920 points next week. Yesterday, the Nifty ended at 7779.70, up 31.50 points or 0.4% from Thursday's close and the S&P BSE Sensex closed at 26108.53, up 109.19 points or 0.4%. Jul-Sep earnings reports of companies will also drive markets next week.

Among Nifty constituents, HDFC Bank, Punjab National Bank, Asian Paints, Kotak
Mahindra Bank and Wipro will detail their Jul-Sep earnings over the next week.
UltraTech Cement will detail its results today. UltraTech Cement's net profit is seen at 3.61 bln rupees, up 36.8% on year and net sales at 51.25 bln rupees, up 13.8% on year. Earnings of Axis Bank may lead to some fall in the bank's shares. The bank's net profit for Jul-Sep stood at 16.11 bln rupees as against an estimated 16.45 bln rupees. Stocks of banks and automobile companies are expected to rise next week.
( www.rupeedesk.in )
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WEEKLY USDINR CHART: 18.Oct.2014


USDINR WEEKLY OUTLOOK: 

USDINR ( 29-Oct-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 61.91 / 62.20 / 62.52 . And the lower side , it has Strong Support @ 61.59 downside, it may tank to near support Levels such as 61.30 / 60.98 / 60.68 . Currently USDINR is Trading @ 61.61
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WEEKLY EURINR CHART: 18.Oct.2014


EURINR WEEKLY OUTLOOK: 

EURINR ( 29-Oct-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 78.10 / 77.22 / 76.69 . And the upperside, it has Strong Resistance @ 78.63 upperside, it may test Resistance Levels such as 79.51 / 80.04 / 80.92 . Currently EURINR is Trading @ 78.98
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WEEKLY GBPINR CHART: 18.Oct.2014


GBPINR WEEKLY OUTLOOK: 

GBPINR ( 29-Oct-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 98.30 / 97.37 / 96.79 . And the upperside, it has Strong Resistance @ 98.89 upperside, it may test Resistance Levels such as 99.81 / 100.40 / 101.32 . Currently GBPINR is Trading @ 99.22
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WEEKLY JPYINR CHART: 18.Oct.2014


JPYINR WEEKLY OUTLOOK: 
JPYINR ( 29-Oct-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 57.16 / 56.53 / 55.96 . And the upperside, it has Strong Resistance @ 57.73 upperside, it may test Resistance Levels such as 58.37 / 58.93 / 59.57 . Currently JPYINR is Trading @ 57.80

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Who is eligible to trade in Currency Derivatives?

All Resident Indians as defined in section 2(v) of the Foreign Exchange Management Act, 1999 (FEMA, Act 42 of 1999) are eligible to trade in the Currency Derivatives segment. For participation by regulated entities, concurrence from respective regulators should be obtained. Currently, trading facility in Currency Futures at I-Sec will be offered to all Resident Individuals / HUFs / eligible Corporates fulfilling the FEMA criteria.

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What are Currency Futures Contracts?

Currency Futures contracts are legally binding agreement to buy or sell a financial instrument sometime in future at an agreed price. Currency Future contracts are standardized in terms of lots and delivery time. The only variable is the price, which is discovered by the market. Currency Futures contracts have different expiry validity and will expire after the completion of the specified tenure

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What are the benefits of trading in Currency Derivatives

Currency Derivatives are very efficient risk management instruments and you can derive the below benefits:


i. Hedging: You can protect your foreign exchange exposure in business and hedge potential losses by taking appropriate positions in the same. For e.g. If you are an importer, and have USD payments to make at a future date, you can hedge your foreign exchange exposure by buying USDINR and fixing your pay out rate today. You would hedge if you were of the view that USDINR was going to depreciate. Similarly it would give hedging opportunities to Exporters to hedge thier future receivables, Borrowers to hedge foreign currency (FCY) loans for interest and principal payments, Resident Indians, who can hedge their offshore investments.

ii. Speculation: You can speculate on the short term movement of the markets by using Currency Futures. For e.g. If you expect oil prices to rise and impact India's import bill, you would buy USDINR in expectation that the INR would depreciate. Alternatively if you believed that strong exports from the IT sector, combined with strong FII flows will translate to INR appreciation you would sell USDINR.

iii. Arbitrage: You can make profits by taking advantage of the exchange rates of the currency in different markets and different exchanges.

iv. Leverage: You can trade in the currency derivatives by just paying a % value called the margin amount instead of the full traded value.
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