currency forecast for 6 aug 2013

currency forecast for 6 aug 2013

 

mcx-sx usd inr forecasts

usdinr aug expiry future last closed at 61.27 with loss of 11 paise.in intraday mcxsx dollar rupee future made high near 61.34 while low was 60.93.total 41 paise intraday range and closed with loss on consolidation.for tomorrow expect some correction but must used for buying.so buy near 60.5-60.8 range with stoploss for target 61.6+.

mcx-sx eur inr forecasts

eurinr aug expiry future last closed at 81.31 with gains of 25 paise.in intraday mcxsx euro rupee made high near 81.46 while low was 80.93.total 53 paise intraday range and closed with gains as euro trending higher.here follow buy on dips trading strategy with stoploss for target 82 and above.

mcx-sx gbp inr forecasts

gbpinr aug expiry future last closed at 94.04 with gains of 98 paise.in intraday mcxsx pound rupee future made high near 94.23 while low was 93.26.total almost 1 rupee intraday rally and as expected pound inching towards all time high.here expect targets of 95-95.5 on upside and keep long accumulation trading strategy.

mcx-sx jpy inr forecasts

jpyinr aug expiry future last closed at 62.22 with gains of 71 paise.in intraday mcxsx yen rupee future made high near 62.34 while low was near 61.71.total 63 paise intraday range and closed with gains as expected after long term breakout.here in short terms keep targets at 64-65 on upside while on downside 59.5 is major support zone.

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Pramod Baviskar

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