currency forecast for 11 june 2013

currency forecast for 11 june 2013


mcx-sx usd inr forecasts

usdinr jun future last closed at 58.34 with gains of 1.08 rupee in intraday mcxsx usdinr future made low at 57.2 while high was 1 rupee and 18 paise rally and short trend and momentum strong bullish but technically overbought.for tomorrow support is very deep at 58.05 and above this hold buy on dips view for target 58.5 to 58.6 in intraday.

mcx-sx eur inr forecasts

eurinr jun future last closed at 77.12 with gains of 1.25 intraday mcxsx euro rupee future made high at 77.12 while low was 1.42 rupee movement and achieved our given target of medium term range shifted to 73 to 80 zone.for tomorrow support is deep at 76.4 and buy near support only on correction with stoploss and expect 77+ in intraday.

mcx-sx gbp inr forecasts

gbpinr jun expiry future last closed at 90.62 with gains of 1.54 intraday mcxsx pound rupee future made high at 90.65 while low was 1.63 rupee intraday rally and sharp short covering support is way down at 89.45 so buy near it with stoploss for target 90-90.5.

mcx-sx jpy inr forecasts

jpyinr jun expiry future last closed at 58.97 with loss of 88 intraday mcxsx yen rupee made high at 59.4 while low was 92 paise intraday movement and sharp profit booking in yen on account of comparative weakness in yen.for tomorrow watch 58.8 if fall below it then expect profit booking will continue upto 57.

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Pramod Baviskar

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