rupee outlook : keep buy and accumulate view

free nse currency tips for tomorrow 17 july 2015

NSE usd inr future today closed at 63.64 with gain. Here as expected still holding 63.5-63.4 support area. Buying seen today and ahead of interest hike in US expect dollar to remain bullish. On upside 64 and 64.8 are resistance as well as target zones for us dollar so keep buy and accumulate view.
NSE eur inr future today closed at 69.27 with loss. Euro might show lower levels ahead of Greece crisis. On downside 69 and 68 still as target with trialing stop loss of 70.8.
NSE pound rupee future today closed at 99.28 with loss. Pound is also under pressure but might take support around 99-98.8 zone so if comes around this level keep buying view with stop loss for target 99.8 and above.
NSE jpy inr future today closed with loss at 51.32. As expected heading towards target of 51. Below 51.2 expect sharp selloff for target 50.8.

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Pramod Baviskar

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