currency forecasts for 31 may 2013

currency forecasts for 31 may 2013

 

mcx-sx usd inr forecasts

usdinr june future last closed at 56.67 with gains of 25 paise.in intraday mcx-sx dollar rupee future made high at 56.68 while low was 56.28.total 40 paise intraday gains and sharp short covering in dollar.here we may see sharp boost ahead as most traders trapped in shorts.for tomorrow above 56.5 levels hold long view for 56.9 to 57 levels in intraday.

mcx-sx eur inr forecasts

eurinr jun expiry future last closed at 73.48 with gains of 38 paise.in intraday mcx-sx euro rupee future made high at 73.48 while low was 72.91.total 57 paise intraday movement and stronger trending euro.here above 73.3 hold buy on dips view and expect 73.8 to 74 levels as targets in intraday.

mcx-sx gbp inr forecasts

gbpinr jun expiry future last closed at 85.67 with gains of 58 paise.in intraday mcx-sx pound rupee future made high at 85.73 while low was 85.14.total 59 paise intraday movement and comparative strong and bull trending pound.here above 85.5 hold long view and in intraday expect 85.9 to 86.1 while above 85 expect 87 level as positional target.

mcx-sx jpy inr forecasts

jpyinr jun expiry future last closed at 55.86 flat.in intraday mcx-sx yen rupee future made high at 56.21 while low was 55.6.total 61 paise intraday movement and on chart consolidation near breakout.here buy above 56 levels only for targets 56.6 to 57 on upside in intraday to positionally.below 56 may show correction and resume downtrend.

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Pramod Baviskar

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