Currency futures view for 8 May 2014

Currency futures view for 8 May 2014

Currency futures view for 8 May 2014

 

USDINR May expiry future last closed at 60.32 with 5 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 60.34 while low was 60.14. Total 20-paisa intraday range and closed with gain. For tomorrow, stay long with stop loss below 59.9 for target 61.

 

EURINR May future last closed at 84.05 with gain of 3 paisa. In Intraday MCX-SX Euro-rupee future hit high at 84.04 while low was 83.75. Total almost 30-paisa intraday range and closed with gain. Euro above 84 will remain buy for intraday.

 

GBPINR May expiry future last closed at 102.37 with gain of 9 paisa. In intraday MCX-SX Pound-rupee, future hit high at 102.4 while low was at 102.1. Total 30-paisa intraday range and closed with gain. For tomorrow, stay long with stop loss below 101.8 for target 103.

 

JPYINR May expiry future last closed at 59.35 with 9 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 59.44 while low was at 59.22. Total 22-paisa intraday range and closed with gain. Yen above 59 rupee will remain strong as well as buy.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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