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.in intraday mcxsx usdinr future made low at 57.2 while high was 58.38.total 1 rupee and 18 paise rally and short squeeze.here 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 paise.in intraday mcxsx euro rupee future made high at 77.12 while low was 75.7.total 1.42 rupee movement and achieved our given target of 76.now 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 rupees.in intraday mcxsx pound rupee future made high at 90.65 while low was 89.03.total 1.63 rupee intraday rally and sharp short covering rally.here 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 paise.in intraday mcxsx yen rupee made high at 59.4 while low was 58.48.total 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.