Indian forex forecast for 19th may 2016

Indian forex forecast for 19th may 2016 NSE usd inr future closed at 67.09. As expected US dollar getting stronger and hit my tgt 67.05 now watch next tgt 67.4 if sustain above 67.05. On downside 66.9 and 66.8 are strong support levels.   Eur inr future closed at 75.74. Here 75.3 is major support so buy near it for intraday with stop loss for tgts 75.8 and above.   Gbp inr future closed at 97.47 with strong gains. Here pound rupee future heading towards my given tgts 99 and 100. On downside 97.15 and 96.9 are intraday support zones.   Jpy inr future closed at 61.36. Here yen might remain weak and sell on rise. On downside 61.1 and 60.3 are support as well as intraday tgts.

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Pramod Baviskar

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