currency forecasts for 29 may 2013

currency forecasts for 29 may 2013

 

mcx-sx usd inr forecasts

usdinr future may expiry last closed at 55.96 with gains of 37 paise.in intraday mcx-sx dollar rupee future made high at 56.01 while low was 55.67.total 34 paise intraday movement and stronger dollar as usual.here support is now 55.76 and above it hold buy on dips view and expect 56.1 to 56.25 as upside target.

mcx-sx eur inr forecasts

eurinr future may expiry last closed at 72.42 with gains of 47 paise.in intraday mcx-sx euro rupee future made high at 72.44 while low was 71.82.total 62 paise intraday movement and comparative stronger euro.here for tomorrow above 72.25 hold buy on dips view and expect 72.6 to 72.7 levels as targets on upside.

mcx-sx gbp inr forecasts

gbpinr future may expiry last closed at 84.63 with gains of 53 paise.in intraday mcx-sx pound rupee future made high at 84.64 while low was 84.06.total 58 paise intraday movement and comparative stronger pound.for intraday above 83.3 hold buy on dips view and expect 83.8 to 84 levels as targets on upside.

mcx-sx jpy inr forecasts

jpyinr future may expiry last closed at 54.87 with loss of 25 paise.in intraday mcx-sx yen rupee future made low at 54.57 while high was 54.91.total 34 paise intraday movement and weaker yen as expected.here below 54.8 we may see downtrend will resume and downside levels upto 54.4 to 54.2 in intraday.

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Pramod Baviskar

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