NSE currency outlook for 5th December 2016

Eur inr remain buy targets 73.3 and then 73.7

Eur inr remain buy targets 73.3 and then 73.7

Eur inr future on last trading session closed at 72.83 with gain. Euro is forming rounding bottom in oversold area which is buy signal for short term traders. Eur inr future intraday support zones are 72.8 and 72.5 and fresh buying levels while on upside 73.3 and 73.7 are my target zones. Weekly chart suggesting best euro investment opportunity for targets 77 and 78. Gbp inr hit 86.59 tgt 87 and 88

Gbp inr hit 86.59 tgt 87 and 88+

Gbp inr future on last trading session closed at 86.24 with strong gains. Pound rupee future price trend and momentum both are bullish. As expected pound is heading towards my targets 87 and 88+. On downside gbp inr support zones are 85.9 and 85.5 and fresh buying zones with stop loss. Jpy inr remain sell tgt 59.5 to 59

Jpy inr remain sell tgt 59.5 to 59

Yen rupee future last closed at 60.12 with loss. Jpy inr future is in absolute downtrend and after small bounce back resumed downtrend and heading towards my bearish swing target of 58.65. Yen rupee on upside has strong resistances at 60.7 and 61.2. These are fresh short entry zones with stop loss in intraday bounce back rallies. Usd inr future correcting towards 68 level

Usd inr future correcting towards 68 level

Usd inr future last closed at 68.35 with loss. Dollar rupee pair is heading down on profit booking as well as RBI interventions towards 68 rupee support zones. On upside 68.65 and 68.9 are resistances as well as fresh short entry levels with stop loss. Usd inr weekly chart bullish but overbought and achieved long term target of 68.6+.

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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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