MCX-SX currency view for 3 sep 2014

MCX-SX currency view for 3 sep 2014

USDINR Sep expiry future last closed at 61.04 with 17 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 61.05 while low was 60.8. Total 25-paisa intraday range and closed with gain. For tomorrow, expect bounce back up to 61.2.

EURINR Sep future last closed at 80.07 with gain of 11 paisa. In Intraday MCX-SX Euro-rupee future hit high at 80.09 while low was 79.88. Total almost 21-paisa intraday range and closed with gain. For intraday expect downside follow up buying up to 80.3.

GBPINR Sep expiry future last closed at 100.86 with loss of 23 paisa. In intraday MCX-SX Pound-rupee, future hit high at 101.14 while low was at 100.63. Total 51-paisa intraday range and closed with loss. Medium term traders keep buy on decline view with stop loss below 100.5.

JPYINR Sep expiry future last closed at 58.21 with 19 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 58.24 while low was at 58.06. Total 18-paisa intraday range and closed with loss. For intraday expect bounce back up to 58.6.

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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.
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