11th may: NSE currency futures report, tips & calls

Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Friday, May 11, 2012

 

 TIME 08:55 AM IST

 

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NSE/MCX-SX (CURRENCY FUTURES) 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 MAY 2012 (CMP 53.5900): Buy over 53.75 for 53.85-54.12 or sell below 53.4850 for 53.35-53.05

 

EURO – INDIAN RUPEE MAY 2012 (CMP 69.2750): Sell below 69.18 for 69.04-69.78 or buy over 69.48 for 69.65-70.02

 

BRITISH POUND-INDIAN RUPEE MAY 2012 (CMP 86.4875): Buy over 86.68 for 86.92-87.14 or sell below 86.34 for 86.12-85.88.

 

JAPANESE YEN-INDIAN RUPEE MAY 2012 (CMP 67.2250): Buy over 67.42 for 67.75-68.18 or Sell below 67.12 for 66.98-67.78

 

 

LIMIT ORDER

 

US DOLLAR-INDIAN RUPEE MAY 2012: Sell at 54.00 stop loss 54.78 target 52.88-53.25 – call for Monday

 

 

EURO – INDIAN RUPEE MAY 2012: Sell at 70.14 stop loss 71.35 for 68.80-67.60 – call for Monday

 

BRITISH POUND-INDIAN RUPEE MAY 2012: Sell at 88.20 stop loss 89.20 for 86.20-84.2125 – call for next week

 

JAPANESE YEN-INDIAN RUPEE MAY 2012: Sell at 68.59 stop loss 70.04 for 67.59-65.29 – call for next week

 

 

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

 

 

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