Wednesday, June 20, 2012

21st June: Rupee report only for exporters n importer & NSE currency futures usd/inr report



Insignia Consultants

New Delhi

www.insigniaconsultants.in

 

Thursday, June 21, 2012

 

 TIME 08:40 AM IST                          

 

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US DOLLAR – INDIAN RUPEE REPORT (ONLY FOR EXPORTERS AND IMPORTERS)

 

The federal reserve meeting did not have any surprises for the markets. Monsoon progress has been stalled for now. In the next three weeks if monsoon rain do not cover all of India then there will be a drought like situation and further lowering of growth targets. Unconfirmed sources say that there huge crude oil related demand from Union bank of India yesterday which if it continues today will result rupee weakening to 56.50 and over. However if crude oil related demand is not there then rupee will fall to 55.75 and 55.48 today.

 

DAILY TECHNICAL ANALYSIS

 

LTP

YTD %

52WK HIGH

52WK LOW

50 DAY MA

100 DAY MA

200 DAY MA

USD/INR

 

 

 

 

 

 

SPOT

56.1000

5.83

56.4650

43.8650

54.1949

52.1113

51.3594

1 MTH

34.50

0.00

49.25

1

34.71

36.39

32.86

2 MTH

67.75

5.86

82.75

4

66.56

69.80

62.03

3 MTH

100.75

12.89

114.75

11.75

96.32

99.56

87.77

6 MTH

176.50

6.81

203

39

170.37

175.20

151.69

9 MTH

246.25

9.93

275

66

234.92

240.88

204.07

12 MTH

317.50

18.80

338.25

91

297.68

301.78

250.18

 

 

Technically speaking: Rupee needs to trade over 56.15 else it will trade in wider 55.50-56.15 range.

 

NSE CURRENCY USD/INR JUNE

Bullish over 56.0750 with 56.2700-56.4100-56.8925 as price target

Bearish below 55.8900 with 55.7050-55.4300 as price target

Neutral Zone: 55.8900-56.1550

BREAK POINT: - 56.1550

·        Usd/inr needs to break 56.32 today else it will fall to 55.68

·        There will be sellers only below 55.89.

 

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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