Currencies Technical Analysis : 29.08.2016
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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USDINR
USINR pair recovered marginally from the low of 67.3 1 and finally settled at 37.39 moving 9 paisa. Pair i s still quoting within the narrow range. The pair is just holding below the immediate trend line resistance a break a bove that will extend till the resistance of 67.65. For the day, we recommend to buy above 67.42 for above mentioned targets.
GBPINR After failing surpass the trend line resistance of 89.40,
GBPINR pair remained subdued on Friday and ended at 88.93. As long as it holds below the trend line the move is like to be down ward and could draw down till 88.00 then 87.00 levels.
EURINR EURINR pair mostly remained on flat note and ended at 76.07. After previous sessions Doji candle pair ope ned at 76.00 and moved up till 76.07. The trend is likely to subdued, so we recommend buying on dips with stop l oss below 75.90. JPYINR After bearish close on Thursday,
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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USDINR
USINR pair recovered marginally from the low of 67.3 1 and finally settled at 37.39 moving 9 paisa. Pair i s still quoting within the narrow range. The pair is just holding below the immediate trend line resistance a break a bove that will extend till the resistance of 67.65. For the day, we recommend to buy above 67.42 for above mentioned targets.
GBPINR After failing surpass the trend line resistance of 89.40,
GBPINR pair remained subdued on Friday and ended at 88.93. As long as it holds below the trend line the move is like to be down ward and could draw down till 88.00 then 87.00 levels.
EURINR EURINR pair mostly remained on flat note and ended at 76.07. After previous sessions Doji candle pair ope ned at 76.00 and moved up till 76.07. The trend is likely to subdued, so we recommend buying on dips with stop l oss below 75.90. JPYINR After bearish close on Thursday,