election results day currency market strategy 16 may 2014

election results day currency market strategy 16 may 2014

election results day currency market strategy 16 may 2014

 

USDINR May expiry future last closed at 59.26 with 53 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 59.68 while low was 59.25. Total 45-paisa intraday range and closed with loss. For tomorrow, expect high volatile moves but as dollar is oversold expect some technical bounce back.

 

EURINR May future last closed at 80.98 with loss of 101 paisa. In Intraday MCX-SX Euro-rupee future hit high at 81.95 while low was 80.95. Total almost 100-paisa intraday range and closed with loss. Euro above 80 will remain buy for intraday.

 

GBPINR May expiry future last closed at 99.31 with loss of 138 paisa. In intraday MCX-SX Pound-rupee, future hit high at 100.15 while low was at 99.28. Total 87-paisa intraday range and closed with loss. For tomorrow, above 98.8 keep long view.

 

JPYINR May expiry future last closed at 58.18 with 29 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.63 while low was at 58.12. Total 51-paisa intraday range and closed with loss. Yen may bounce back from 57.5.

Read More :

The Author

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.

COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.