Friday, February 22, 2013

Currencies are as confused as the global economies!!!

Currency Update - (Levels for NSE near month Future contracts)

GBPINR - Bias is positive with supports near 82.75-82.70 and resistances near 84.10-84.4-84.90 (March contract levels) 

 
 



EURINR - Bias is sideways or basing 9consolidation) for short to mid term with the range being 73.50 to 71...

JPYINR - Bias sideways in the range of 56.70-58.70 with 56.70 to 56.50 being crucial supports....

USDINR - At resistance of 54.5 to 55.10 and trading in the overbought region, crucial supports of 54.10 and 54 on the lower side...

Cheers

Hrishi

Happy Trading!!!

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