rupee futures technical outlook for 16-1-2015
Mcxsx dollar rupee future last closed at 62.18 with loss. In intraday usdinr, future made high at 62.24 while low was at 61.59. Total 70-paisa intraday range and closed with loss. For intraday, us dollar has strong support on downside at 61.9 and resistance at 62.5. Watch 61.8 supports for reversal.
Mcxsx euro rupee future last closed at 72.77 with 48-paisa loss. In intraday eurinr future hit high around 73.16 while low was at 71.78. Total 60-paisa intraday range and closed with loss. For intraday euro, have 72 as support and 73.5 as strong resistance. Euro might show 71 levels on downside in medium terms.
Mcxsx pound rupee future last closed at 94.74 with gain. In intraday gbpinr, future hit high at 94.94 while low was at 93.68. Total 120-paisa intraday range and closed with loss. For intraday pound has support around 94 while 96 is as strong resistance. Traders here watch 94 levels for reversal.
Mcxsx yen rupee future last closed at 53.48 with gain of 13 paisa. In intraday jpyinr, future hit high at 53.56 while low was at 52.35. Total 30-paisa intraday range and closed with gain. Yen intraday support at 53 and resistance is at 54.5. Strong reversal for yen so follow buy on dips view for short terms.
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