Tuesday, November 25, 2014

INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS: 26.Nov.2014


FACTORS TO WATCH

* Yen gains as some BoJ policymakers fret about QE costs
* Solid yen, yuan rebound aids Asia FX; won firmer
* Asian shares slip, oil falls ahead of OPEC
* Foreign institutional investor flows
* For data on currency futures


USDINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 62.19 / 62.12 / 62.00 . And the upperside, it has Strong Resistance @ 62.30 upperside, it may test Resistance Levels such as 62.37 / 62.49 / 62.56 . Currently USDINR is Trading @ 62.25

EURINR ( 29-Dec-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 77.53 / 77.67 / 77.75 . And the lower side , it has Strong Support @ 77.44 downside, it may tank to near support Levels such as 77.30 / 77.22 / 77.08 . Currently EURINR is Trading @ 77.39

GBPINR ( 29-Dec-14 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 97.77 / 97.98 / 98.16 . And the lower side , it has Strong Support @ 97.59 downside, it may tank to near support Levels such as 97.38 / 97.20 / 96.99 . Currently GBPINR is Trading @ 97.56


JPYINR ( 29-Dec-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 52.60 / 52.48 / 52.25 . And the upperside, it has Strong Resistance @ 52.82 upperside, it may test Resistance Levels such as 52.94 / 53.17 / 53.29 . Currently JPYINR is Trading @ 52.72