17th april mcx sx nse currenct trading tips

Insignia Consultants

New Delhi

www.insigniaconsultants.in

Tuesday, April 17, 2012

 TIME 08:20 AM IST

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NSE (CURRENCY) BUY ABOVE AND SELL BELOW TRADING CALLS

(Only for those who sit on the trading screen)

Calls to be executed on which ever is executed first

US DOLLAR-INDIAN RUPEE APRIL 2012 (CMP 51.8000): Sell open price stop loss over 52.25 target 51.45-51.05

EURO – INDIAN RUPEE APRIL 2012 (CMP 67.4500): Buy over 67.52 for 67.6150-67.96

BRITISH POUND-INDIAN RUPEE APRIL 2012 (CMP 82.0025): Sell below 81.94 for 81.80-81.50 or buy over 82.12 for 82.44-82.78

JAPANESE YEN-INDIAN RUPEE APRIL 2012 (CMP 64.3250):  Sell below 63.98 for 63.72-63.52 or buy over 64.32 for 64.56-64.81

NSE/MCX-SX DAILY TECHNICAL ANALYSIS
CURRENCY	CMP	SUPPORT				RESISTANCE
		S3	S2	S1	PIVOT	R1	R2	R3
USD/INR APRIL	51.8000	51.1825	51.4425	51.6025	51.7700	51.9325	52.0650	52.3550
EURO/INR APRIL	67.4500	66.9800	67.2600	67.3825	67.6150	67.5000	67.6150	68.0000
GBP/INR APRIL	82.0025	81.5150	81.7025	81.9250	82.1200	82.1200	82.4400	82.6800
JPY/INR APRIL	64.1125	63.5750	63.7575	63.9825	64.3250	64.1400	64.3250	64.7350

LIMIT ORDER

US DOLLAR-INDIAN RUPEE APRIL 2012: Buy around 51.25 stop loss below 51.02 for 51.86-52.61

EURO – INDIAN RUPEE APRIL 2012: Buy around 66.90 stop loss below 66.45 for 67.50-68.02

BRITISH POUND-INDIAN RUPEE APRIL 2012: Buy around 81.70 stop loss below 81.45 for 82.25-82.75

JAPANESE YEN-INDIAN RUPEE APRIL 2012: Sell around 64.50 stop loss over 64.74 for 63.88-63.18

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, 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.

NOTES TO THE ABOVE REPORT

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES IN INDIAN RUPEES UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES ON THE TRADING CALLS GIVEN IN THIS REPORT

USD/INR: 0.07-1.012

EURO/INR: 0.20-0.30

GBP/INR: 0.20-0.30

JPY/INR: 0.15-0.20

Customer care: 9311139549/9911136910 (Mr.Manan)

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