Rupee forecast for tomorrow 7th December 2016

Eur inr trend reversal tgt 73.7

Eur inr trend reversal tgt 73.7

Euro rupee future today closed at 73.28 with gain. Euro given strong reversal and heading towards major resistance of 73.7. Below 73.7 outlook remain weak for month of December but in short term expect this level as target zone. If weekly closing comes above 73.7 then it will bullish trend start for eur inr future with price target 75.15? For intraday, eur inr future support zones are 73 and 72.75. On upside 73.5 and 73.7 are resistances as well as target zones. Gbp inr hit my target 87 next target 88.6

Gbp inr hit my target 87 next target 88.6

Gbp inr future today closed at 86.77 with gain. Pound is in strong uptrend and hit my first swing target of 87 rupee. Bullish breakout was seen at 84.4 rupee level. Above 87 my next swing target is at 88.6 and expect this target on breakout above 87 rupee level. For tomorrow, gbp inr intraday support zones are 86.5 and 86.12 and these are fresh buying levels. On upside 87 and 87.5 are intraday resistances as well as target zones. Jpy inr future heading towards 58.65 target

Jpy inr future heading towards 58.65 target

Yen rupee future today closed at 59.72 with loss. Jpy inr future is in downtrend and heading lower and lower. Stronger dollar pushing yen to record low and that weakness is reflecting in domestic market as rupee continue to gain. On downside 58.65 is my first swing target for yen short sell. Breakdown was seen at 62.5 rupee levels. For intraday jpy inr future resistance zones as well as fresh short entry zones are 60 and 60.45 rupee. On downside 59.5 and 58.9 are intraday support zones as well as target zones. Usd inr future hit my target 68 but now remain buy

Usd inr future hit my target 68 but now remain buy

Dollar rupee future today closed at 68.01 with loss. As expected rupee continue to gain on RBI interventions but now hit its target of 68 rupee and above 68, US dollar will remain strong and buy. On upside 69.5 is my first swing target if usd inr future holds 68. For tomorrow, usd inr future intraday support zones as well as buying levels are 68 and 67.8 while on upside 68.4 and 68.45 are resistances as well as target zones.

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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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