Rupee futures technicals and tips for 10 sep 2014
USD INR Sep expiry future last closed at 60.87 with 33 paisa gain. In Intraday MCX-SX Dollar-rupee future hit high at 60.93 while low was 60.64. Total 30-paisa intraday range and closed with gain. For tomorrow, stay long with stop loss 60.6.
EUR INR Sep future last closed at 78.48 with gain of 7 paisa. In Intraday MCX-SX Euro-rupee future hit high at 78.55 while low was 78.11. Total almost 44-paisa intraday range and closed with gain. For intraday expect follow buying for euro.
GBP INR Sep expiry future last closed at 98.11 with gain of 45 paisa. In intraday MCX-SX Pound-rupee, future hit high at 98.26 while low was at 97.52. Total 74-paisa intraday range and closed with gain. Above 98 expect upside up to 98.55.
JPY INR Sep expiry future last closed at 57.4 with 15 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 57.41 while low was at 57.1. Total 31-paisa intraday range and closed with loss. For intraday expect bounce back up to 58.