Insignia Consultants
New Delhi
Wednesday, July 25, 2012
TIME 08:19 AM IST
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COMMENTARY ON NSE CURERNCY FUTURES
US DOLLAR-INDIAN RUPEE JULY 2012
Looks weak rupee can rise to 56.4825 and 57.11 as long as it trades over 56.15. The momentum is bullish for rupee-US dollar. There will be sellers if and only if rupee trades below 56.15 against the US dollar to 55.88
In our view august futures should break past 57.00 as long as it trades over 55.80. The risk to return is in favour of the buyers
EURO – INDIAN RUPEE JULY 2012
Euro can rise to 68.55 and 69.50 as long as it trades over 67.80. There will be sellers only below 67.80 to 67.48-67.02
BRITISH POUND-INDIAN RUPEE JULY 2012
86.88 is the key support and pound can rise to 87.5875-87.99 as long as it trades over 86.88. There will be sellers only below 86.88 to 86.44-86.10
JAPANESE YEN-INDIAN RUPEE JULY 2012
Yen can rise to 72.12-72.57 as long as it trades over 71.60. There will be another big wave of rise on a break of 72.12 to 72.57-73.02.
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
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