mcxsx currency outlook for 22-12-2014

mcxsx currency outlook for 22-12-2014

Mcxsx dollar rupee future last closed at 63.43 with gain. In intraday usdinr, future made high at 63.48 while low was at 63.1. Total 36-paisa intraday range and closed with gain. For intraday, us dollar has strong support on downside at 63.2 and resistance at 63.7. With stop loss below 63.2 stay long for intraday.

Mcxsx euro rupee future last closed at 77.85 with 16-paisa loss. In intraday eurinr future hit high around 77.87 while low was at 77.48. Total 40-paisa intraday range and closed with loss. For intraday euro has 77.45 as support and 78.2 as strong resistance. Traders here can buy near support with stop loss.

Mcxsx pound rupee future last closed at 99.11 with gains. In intraday gbpinr, future hit high at 99.24 while low was at 98.78. Total 46-paisa intraday range and closed with gain. For intraday pound has support around 98.8 while 99.5 is as strong resistance. Traders can buy near support with stop loss.

Mcxsx yen rupee future last closed at 53.17 with loss of 21 paisa. In intraday jpyinr, future hit high at 53.18 while low was at 52.88. Total 30-paisa intraday range and closed with loss. Here support and resistances are wide. Above 52.5, keep long view for intraday.

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Pramod Baviskar

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