NSE currency future outlook for 29 November 2016

Eur inr future hit 73.2 next target 73.8

Eur inr future hit 73.2 next target 73.8

Eur inr future today closed at 73.16 with huge gain. As expected euro bottomed out around 72.4 and hit my given target of 73.2. Euro rupee future next swing target will be 73.8 and above 72.4 remain trading strategy as buy on dips. In medium term expect this rally to extend up to 75 rupee per euro. Gbp inr future breakout above 85.45 tgts 87 and 89

Gbp inr future breakout above 85.45 tgts 87 and 89

Gbp inr future today closed at 85.9 with gain. Pound is now in uptrend and broke out above 85.45 resistance and heading for my given target of 87 and 89. Above 85.45, currency traders can keep buy on dips view for targets 87 and 89. From medium to long term view, this recovery phase might have its target around 91+. Jpy inr future bottomed out at 60 reversal target 62

Jpy inr future bottomed out at 60 reversal target 62

Jpy inr future today closed at 61.32. Yen rupee future hit almost all my downside targets but now taken support at 60.4 and closed above it with strong reversal signal on daily chart indicators. Yen on upside will have short covering or value buying targets around 62 and then 63. On downside 60.4 is strong support and above it risky traders can keep buy and accumulate view. Usd inr future topping out. Keep sell on rise view

Usd inr future topping out. Keep sell on rise view

Usd inr future today closed at 68.71 with gain. Rupee today opened strong but remain under pressure on CRR move by RBI. Usd inr future is heavily overbought and expect sharp profit booking ahead on dollar inflows as well as RBI actions. So keep sell on rise view and expect 68.2 and 67.9 as short to medium term target zones.

The Author

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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