nse currency trades for tomorrow

NSE rupee futures intraday outlook for tomorrow 16 june 2015

NSE usd inr future today closed at 64.32 with gains. Us dollar is gaining as risk building for fed interest rate rise as well as Greece default danger. For tomorrow expect 64.65 as target zone on downside 64 and 63.7 are strong intraday supports. In panic situation expect target up to 65.2 for us dollar against rupee.

NSE euro rupee future today closed at 72.12 with gains of 26 paisa. Today euro intraday high was at 72.26 while low was at 71.91. Total 34 paisa intraday range and closed with gains. For tomorrow 71.9 is support and 72.8 is strong resistance. Above 71.9 keep long view for intraday.

NSE pound rupee future today closed at 99.63 with gains of 12 paisa. In intraday pound hit high of 100 rupee and low was at 99.46. Total 54 paisa intraday range and closed with strong gains. Above 100 rupee expect sharp short covering rally up to 101-102.

NSE yen rupee future today closed at 52.06 with gains of 12 paisa. In intraday yen hit high around 52.18 while low was at 51.93. Total 25 paisa intraday range and closed with gain. 52.5 is strong resistance if gives breakout above it then expect 54 plus levels in medium terms.

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Pramod Baviskar

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