Currency forecast 7 January 2014

Currency forecast 7 January 2014

USD/INR January expiry future last closed at 62.59 with 5 paisa gain. Today in Intraday MCX-SX Dollar-rupee future hit high at 62.8 while low was 62.53. Total 27-paisa intraday range and closed with gain. For tomorrow, below 63 keep short view for target 62.

EUR/INR January future last closed at 85.26 with loss of 10 paisa. Today in Intraday MCX-SX Euro-rupee future hit high at 85.34 while low was at 84.98. Total 36-paisa intraday range and closed with loss. For tomorrow, eurinr is sell with Stoploss 85.6 for target 84.6.

GBP/INR January expiry future last closed at 102.57 with loss of 41 paisa. In intraday MCX-SX Pound-rupee, future hit high at 102.73 while low was at 102.3. Total 43-paisa intraday range and closed with loss. For tomorrow, GBPINR is sell with Stoploss 103 and 102 will be target zone.

JPY/INR January expiry future last closed at 59.87 with 3 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 60.16 while low was at 59.84. Total 32-paisa intraday range and closed with loss. For tomorrow, JPYINR is buy with strict Stoploss 59.4 for target 60.4.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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