nse currency intraday forecast for 9 june 2015

nse currency intraday forecast and trading strategy

NSE usd inr June future closed at 64.35 with gain of almost half a percent. In intraday us dollar hit high around 64.43 while intraday low as around 64.25. For tomorrow outlook will remain bullish for us dollar and in intraday expect targets of 64.65 and above. For intraday currency traders 64.2 is strict stop loss for the day trades. If usd inr future gives daily closing above 64.65 then take long position for target 65.2 with stop loss at 64.4.

Euro rupee future closed at 71.68 with loss. Euro continues its correction against rupee on profit booking and some fresh shorts. Here expect downside up to 70.9 in intraday. Today high of 71.9 is stop loss for short positions in euro.

Pound rupee future closed at 98.08 with gains of 0.1%. In intraday NSE gbp inr future hit high around 98.43 while intraday low was at 97.82. For tomorrow outlook is bullish and above 97.8 traders keep buying view on this future for intraday target 98.45.

Yen rupee June future last closed at 51.36 with gains of 0.12%. In intraday jpyinr future hit high at 51.49 and closed near it while intraday low was at 51.18. For tomorrow yen rupee future support is 51.2 and resistance at 51.8. Expect reversal from 51.8 as primary trend is still strong for yen.

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Pramod Baviskar

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