MCX-SX Rupee futures outlook for 28 Nov. 2013

MCX-SX Rupee futures outlook for 28 Nov. 2013

USD/INR December expiry future last closed at 62.71 with loss of 19 paisa. Today In Intraday MCX-SX Dollar Rupee future hit high at 62.90 while low was 62.65. Total 25 paisa intraday range and closed with loss as Rupee gains. For tomorrow, watch 62.5 support level and if breaks then go short for intraday.

EUR/INR December future last closed at 85.24 with gains of 4 paisa. Today in Intraday MCX-SX Euro Rupee future hit high at 85.5 while low was at 85.2. total 30 paisa intraday range and closed near lows. here above 84 keep long view for Euro and expect higher targets upto 85.

GBP/INR December expiry future last closed at 102.15 with gains of 44 paisa. In intraday MCX-SX Pound Rupee future hit high at 102.18 while low was at 101.64. Total 54 paise intraday range and closed with gains as Pound rallies in International forex. for tomorrow above 102 keep long view for target 103-105.

JPY/INR December expiry future last closed at 61.63 with loss of 39 paisa. In intraday MCX-SX Yen Rupee future hit high at 62.03 while low was at 61.53. Total 50 paisa intraday range and closed with loss as yen continues downtrend against many currencies. technically oversold so expect a sharp short covering rally and above 61 keep buy on dips view.

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