Rupee futures outlook 23 sep 2014

Rupee futures outlook 23 sep 2014

USD INR Sep expiry future last closed at 60.92 with 1 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 61.09 while low was 60.82. Total 27-paisa intraday range and closed with gain. For tomorrow, expect bounce back up to 61.2.

EUR INR Sep future last closed at 78.27 with loss of 11 paisa. In Intraday MCX-SX Euro-rupee future hit high at 78.5 while low was 78.19. Total almost 31-paisa intraday range and closed with loss. For intraday stay long with stop loss 77.9.

GBP INR Sep expiry future last closed at 99.43 with loss of 29 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.67 while low was at 99.36. Total 31-paisa intraday range and closed with loss. Medium term traders keep buy on decline view with stop loss below 98.

JPY INR Sep expiry future last closed at 55.89 with 12 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 56.13 while low was at 55.85. Total 28-paisa intraday range and closed with loss. For intraday expect bounce back up to 56.5.

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Pramod Baviskar

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