mcx-sx forecast 24 nov 2014

mcx-sx forecast 24 nov 2014

USD/INR Nov. expiry future last closed at 61.79 with 21 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.96 while low was 61.76. Total 20-paisa intraday range and closed with loss. For intraday expect downside up to 61.6.

EUR/INR Nov. future last closed at 76.8 with loss of 86 paisa. In Intraday MCX-SX Euro-rupee future hit high at 77.79 while low was 76.76. Total almost 105-paisa intraday range and closed with loss. For intraday traders can expect downside up to 76 rupees.

GBP/INR Nov. expiry future last closed at 96.79 with loss of 30 paisa. In intraday MCX-SX Pound-rupee, future hit high at 97.28 while low was at 96.71. Total 60-paisa intraday range and closed with loss. Stay short with stop loss 97.

JPY/INR Nov. expiry future last closed at 52.46 flat. In intraday MCX-SX Yen-rupee, future hit high at 52.8 while low was at 52.41. Total 40-paisa intraday range and closed flat. For intraday traders can expect downside up to 52 rupee on stronger rupee and tumbling yen in international market.

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Pramod Baviskar

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