mcx sx currency futures outlook 17 sep 2014
USD INR Sep expiry future last closed at 61.23 with 10 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.32 while low was 61.17. Total 15-paisa intraday range and closed with loss. For tomorrow, watch 61-rupee support for fresh buying.
EUR INR Sep future last closed at 79.25 with gain of 4 paisa. In Intraday MCX-SX Euro-rupee future hit high at 79.41 while low was 79.14. Total almost 27-paisa intraday range and closed with gain. For intraday traders can stay long with stop loss 78.9.
GBP INR Sep expiry future last closed at 99.08 with loss of 55 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.48 while low was at 99.02. Total 46-paisa intraday range and closed with loss. Below 99, expect downfall up to 98 rupees.
JPY INR Sep expiry future last closed at 57.18 with 4 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 57.32 while low was at 57.08. Total 24-paisa intraday range and closed with loss. For intraday buy near 56.8 levels only for better risk reward ratio.