mcx-sx currency tips 27 nov 2014
USD/INR Dec. expiry future last closed at 62.24 with 2 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 62.48 while low was 62.19. Total 30-paisa intraday ranges and closed with loss. For tomorrow, buy near 62 with stop loss.
EUR/INR Dec. future last closed at 77.47 with gain of 7 paisa. In Intraday MCX-SX Euro-rupee future hit high at 77.74 while low was 77.45. Total almost 30-paisa intraday range and closed with loss. For intraday traders can stay long with stop loss below 77.2.
GBP/INR Dec. expiry future last closed at 97.88 with gain of 36 paisa. In intraday MCX-SX Pound-rupee, future hit high at 97.97 while low was at 97.55. Total 40-paisa intraday range and closed with gain. Pound may continue to recover ahead.
JPY/INR Dec. expiry future last closed at 52.95 with 22 paisa gain. In intraday MCX-SX Yen-rupee, future hit high at 53.04 while low was at 52.8. Total 24-paisa intraday range and closed with gain. Yen is bounce back from historic lows so expect some more upside in intraday on weaker rupee.