NSE Currency Future Report: 9th January 2019

Insignia Consultants

New Delhi

Wednesday, January 9, 2019

TIME: 10:02 am IST

NSE CURRENCY FUTURES DAILY REPORT

Range trade can be there in the rupee against the US dollar, till the outcome of US-China trade talks is not known. Rising crude oil price in the first eight days of the year will prevent big gains for the rupee. If crude oil continues to rise, then rupee will once again be under renewed pressure. Short sellers could get squeezed if global crude oil prices rise further. 

US dollar-Indian Rupee 29th January 2019 future (usd/inr CMP 70.4775):

One Support: 70.1175-70.3550

One Resistance: 70.7400

  • Usd/inr can rise to 70.7425 as long as it trades over 70.3550.
  • Sellers will be there below 70.3550 today.

Euro/Indian Rupee 29th January 2019 Futures (Euro/inr CMP 80.8575):

One Support: 80.6750

One Resistance: 80.9625-80.1425

  • Key resistance is at 80.9625. There will be another wave of rise over 80.9625 to 81.1425 and 81.2825.
  • Small sell off will be there only below 80.8625.

UK Pound/Indian Rupee 29th January 2019 Futures (Gbp/inr CMP 89.8225):

One Support: 89.4725

One Resistance: 90.1300

  • Crash can rise to 90.1300 and 90.3325 as long as it trades over 89.6750.
  • Small sell off will be there below 89.6750.
  • There can be very sharp two way moves.

Japanese Yen/Indian Rupee 29th January 2019 Futures (Jpy/inr CMP 64.7800):

One Support: 64.680

One Resistance: 64.9750

  • Small rise will be there over 64.6800.
  • Yen/inr needs to trade over 65.0050 to rise further.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, 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. Prepared by Chintan Karnani
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time (IST): +5:30 GMT
Current Market Price (CMP)
All foreign exchange prices are for inter-bank rates.
Join my cause – stop food wastage in our daily lives
By just reducing food wastage we can contribute to prevent global warming. I just want my readers to stop wasting food in their daily lives and also ask their friends and acquaintances to do the same.

 

 

 

 

 

 

 

 

Comments for this post are closed.