currency forecast for 5 jun 2013

currency forecast for 5 jun 2013

 

mcx-sx usd inr forecasts

usdinr jun expiry future last closed at 56.67 with loss of 31 paise.in intraday mcxsx dollar rupee future made high at 57.05 while lo was 56.59.total 46 paise intraday movement and strong recovery in rupee on account of soft dollar index.for tomorrow sell near 56.8 with stoploss and expect 56.5 to 56.4 as downside target levels.

mcx-sx eur inr forecasts

eurinr jun expiry future last closed at 74.1 with gains of 5 paise.in intraday mcxsx euro rupee future made high at 74.32 while low was 73.97.total 35 paise intraday movement and still stronger euro.here traders stay long and buy near support 73.9 with stoploss and expect 74.4 to 74.5 as targets on upside in intraday.

mcx-sx gbp inr forecasts

gbpinr jun expiry future last closed at 86.61 with loss of 25 paise today.in intraday mcxsx pound rupee future made high at 87.05 while low was 86.48.total 57 paise intraday movement and profit booking in pounds on account of stronger rupee.for tomorrow sell near 86.9 with stoploss and expect 86.4 to 86.3 as downside target levels.

mcx-sx jpy inr forecasts

jpyinr jun expiry future last closed at 56.57 with loss of 20 paise.in intraday mcxsx yen rupee future made high at 56.99 while low was 56.53.total 46 paise intraday movement and some profit booking in yen.for tomorrow buy near support 56.2 with stoploss and expect 56.7 to 56.8 as targets in intraday.

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Pramod Baviskar

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