NSE Rupee forecast for 19 aug 2015
NSE usd inr Aug future today closed at 65.47 with gain. Here rupee looks oversold and swing traders must follow sell on rise view for us dollar. In upcoming time expect sharp selloff in us dollar on inflows.
NSE eur inr Aug future today closed at 72.59 with gain. Weak rupee pushing euro exchange rate on higher levels. Future on daily chart looks overbought so swing traders must follow sell on rise view.
NSE gbp inr Aug future today closed at 102.31 with gain. Here 102.4 is strong resistance and above it expect another short covering rally from trapped traders for target 104 to 106. 101.3 is support zone on downside.
NSE jpy inr Aug future today closed at 52.54 with gain. Here watch 52.7 resistance for another bullish breakout and for target 53.5.medium term traders now keep buy and accumulate view for this future for price targets 54 to 56.