currency forecast for 1 aug 2013

currency forecast for 1 aug 2013

 

mcx-sx usd inr forecasts

usdinr aug expiry future last closed at 61.05 with gains of 27 paise.in intraday mcx sx dollar rupee future made high at 61.55 while low was 60.85.total 70 paise intraday range and closed with gains as rupee losses ground.here expect upside after some correction and see 61.55 to 62 levels in short term.

mcx-sx eur inr forecasts

eurinr aug expiry future last closed at 81 with gains of 32 paise.in intraday mcx sx euro rupee future made high at 81.63 while low was 80.75.total 88 paise intraday rally and euro at new high as expected.here above 80 hold target at 82.5 and above so follow buy on dips trading strategy for this future pair.

mcx-sx gbp inr forecasts

gbpinr aug expiry future last closed at 92.89 with loss of 23 paise.in intraday mcx sx pound rupee future made high at 93.77 while low was 92.73.total 1.04 rupee intraday range and closed with loss as pound losses momentum.here above 92.2 hold buy on dips view and major correction must be used for long accumulation and keep short term targets at 94-95.

mcx-sx jpy inr forecasts

jpyinr aug expiry future last closed at 62.48 with gains of 39 paise.in intraday mcx sx yen rupee future made high at 62.91 while low was 62.2.total 71 paise intraday range and closed with gains.here above 62 hold long view for target 64 and above in short terms.

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Pramod Baviskar

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