currency forecast for 12 jun 2013

currency forecast for 12 jun 2013

 

mcx-sx usd inr forecasts

usdinr jun expiry future last closed at 58.56 with gains of 31 paise.in intraday mcxsx dollar rupee future made high at 59.13 while low was 58.33.total 80 paise intraday high volatility range and short covering continues here.for tomorrow trend and momentum remain strong for dollar and buy on correction around 58.3 with stoploss and expect 58.9 to 59 level as intraday target.

mcx-sx eur inr forecasts

eurinr jun expiry future last closed at 77.75 with gains of 78 paise.in intraday mcxsx euro rupee future made high at 78.43 while low was 77.44.total almost 1 rupee move and comparative strongest euro.here buy on correction as trend and momentum strong for euro.expect 78.4 as target in intraday.support is way dow at 77.1.

mcx-sx gbp inr forecasts

gbpinr jun expiry future last closed at 90.99 with gains of 57 paise.in intraday mcxsx pound rupee future made high at 92.11 while low was 90.72.total 1.39 rupee intraday huge range and stronger comparative pound.here trend and momentum strong bullish and strategy remain buy on dips.buy near 90.4 with stoploss and expect 91.5 to 92 as targets in intraday.

mcx-sx jpy inr forecasts

jpyinr jun expiry future last closed at 60.3 with gains of 1.43 rupee gains.in intraday mcxsx yen rupee future made high at 60.59 while low was 59.35.total almost 1.25 rupee intraday rally in yen and tumbling rupee.for tomorrow we may see another bout of short covering and targets near 61.5 to 62.on downside at 59.55.

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Pramod Baviskar

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