currency forecast 17 dec 2014
Mcxsx dollar rupee future last closed at 63.82 with gain. In intraday usdinr, future made high at 64.1 while low was at 63.67. Total 43-paisa intraday range and closed with gain. For dollar 63.5 is strong support on downside. Nevertheless, upside now look limited as equity markets showing reversal signs and RBI is more active.
Mcxsx euro rupee future last closed at 79.47 with 24-paisa loss. In intraday eurinr future hit high around 80.07 while low was at 79.34. Total 70-paisa intraday range and closed with loss. Here stay short on euro with stop loss of 80 rupee.
Mcxsx pound rupee future last closed at 100.32 with gains. In intraday gbpinr, future hit high at 100.76 while low was at 99.96. Total 80-paisa intraday range and closed with gain. For tomorrow 101 is strong resistance and 99.8 is strong support.
Mcxsx yen rupee future last closed at 54.56 with loss of 20 paisa. In intraday jpyinr, future hit high at 54.9while low was at 54.22. Total 70-paisa intraday range and closed with loss. Risky traders go short near 55 to 55.5 zones with stop loss.
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