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Sell EURINR: Immediate supports placed around 76.50 and 76.30 levels - IndiaNotes.com
Sell EURINR: Immediate supports placed around 76.50 and 76.30 levels
Way2wealth | Published: 29 Dec, 2017  | Source : IndiaNotes.com

USDINR: USDINR futures opened higher in the last session and prices corrected for the whole session till low of 64.27. Prices have taken strong resistance around its 20 days simple moving average currently near 64.40 level and are expected to correct further from these levels towards immediate strong support placed around its recent low of 63.98 level. On the higher side immediate resistances are placed around 64.40 and 64.60 levels. Action: Sell.

 

EURINR: EURINR futures opened slightly higher in a volatile last session and prices consolidated for the whole session in the range of 76.76-76.90 levels. Prices have taken strong resistance around its short term declining trend of the symmetrical triangle chart pattern currently placed near 76.80 level. Prices are expected to correct from these levels towards immediate supports placed around 76.50 and 76.30 levels. Action: Sell.


GBPINR:
GBPINR futures opened flat in the last session and prices rose slightly for first half of the session till high of 86.61. Later prices corrected for the remaining session and closed flat. Prices have retested its short term rising trend line breakdown and are expected to correct from these levels towards immediate supports placed around 86.10 and 85.65 levels. On the higher side immediate resistances are placed around 86.60 and 86.85 levels. Action: Sell.


JPYINR:
JPYINR futures opened slightly lower in the last session and prices recovered for first half of the session till high of 57.17. Later prices corrected for the remaining session and closed flat. Prices have taken strong resistance at its 20 days simple moving average currently around 57.15 level and are expected to correct from these levels towards immediate strong support placed around its multiple bottoms near 56.50 level. Action: Sell.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.