Currency forecast for tomorrow- Rupee technical report

Currency forecast for tomorrow- Rupee technical report

Currency forecast for tomorrow- Rupee technical report

 

USDINR June expiry future last closed at 59.17 with 6 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 59.4 while low was 59.08. Total 32-paisa intraday range and closed with loss. For tomorrow, stay long with stop loss below 58.8.

 

EURINR June future last closed at 80.56 with loss of 32 paisa. In Intraday MCX-SX Euro-rupee future hit high at 81.04 while low was 80.49. Total almost 55-paisa intraday range and closed with loss. Euro below 81 may remain bearish.

 

GBPINR June expiry future last closed at 99.14 with loss of 58 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.91 while low was at 98.95. Total 100-paisa intraday range and closed with loss. For tomorrow, stay short on pound with stop loss just above 99.6.

 

JPYINR June expiry future last closed at 58.09 with 8 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.33 while low was at 58. Total 33-paisa intraday range and closed with loss. Yen above 57.5 rupee will remain buy and accumulate.

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Pramod Baviskar

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