Rupee trading strategy for 12 sep 2014
USD INR Sep expiry future last closed at 61.13 with 5 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.16 while low was 60.92. Total 24-paisa intraday range and closed with loss. For tomorrow, expect weakness for rupee and above 60.8 rupee keep buy on dips view.
EUR INR Sep future last closed at 78.99 with gain of 21 paisa. In Intraday MCX-SX Euro-rupee future hit high at 79.03 while low was 78.75. Total almost 28-paisa intraday range and closed with loss. For intraday expect upside up to 79.3.
GBP INR Sep expiry future last closed at 99.32 with gain of 67 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.34 while low was at 98.81. Total 53-paisa intraday range and closed with gain. May touch 100-rupee level in short term but remain volatile on Scotland issue.
JPY INR Sep expiry future last closed at 57.09 with 31 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 57.26 while low was at 56.96. Total 30-paisa intraday range and closed with loss. For intraday stay short with stop loss of 57.5.