Currency futures strategy 22 sep 2014
USD INR Sep expiry future last closed at 60.88 with 9 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 60.98 while low was 60.8. Total 18-paisa intraday range and closed with loss. For Monday, buy with stop loss 60.6.
EUR INR Sep future last closed at 78.32 with loss of 21 paisa. In Intraday MCX-SX Euro-rupee future hit high at 78.74 while low was 78.31. Total almost 40-paisa intraday range and closed with loss. For intraday watch 78 rupee support.
GBP INR Sep expiry future last closed at 99.66 with gain of 8 paisa. In intraday MCX-SX Pound-rupee, future hit high at 100.59 while low was at 99.62. Total 100-paisa intraday range and closed with gain. For intraday keep buy on dips view with strict stop loss below 99.
JPY INR Sep expiry future last closed at 55.99 with 14 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 56.07 while low was at 55.68. Total 39-paisa intraday range and closed with loss. For intraday stay short with stop loss 56.3.