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Friday 21 December 2018
Thursday 20 December 2018
NSE Currency Futures Report : 20th December
New Delhi
Thursday, December 20, 2018
TIME: 9:10 am IST
NSE CURRENCY FUTURES DAILY REPORT
FOMC is over. There was no new surprises. Bank of Japan meeting
did not have any surprises. Central banks have played it safe in the volatile month
of December. Rupee will trade with a softer bias as long as crude oil prices
trade lower. There is a slight chance that rupee may have formed a short term
bottom against the US dollar yesterday. If rupee rises against the US dollar
today, then there will be short covering. December futures are closing next
week. There will be position squaring and rebuilding for next month and next
quarter.
US dollar-Indian Rupee 27th December 2018 future (usd/inr CMP 70.5850):
One Support: 70.4275One Resistance: 70.7450
o
Quick
rise will be there over 70.7450 to 70.9850 and 71.0850.
o
Small
sell off will be there below 70.4275 and crash below 70.2125.
o
Day
traders remain on the sidelines.
Euro/Indian Rupee 27th
December 2018 Futures (Euro/inr CMP 80.4275): One Support: 80.2125
One Resistance: 80.7925
o
Euro/inr
can rise to 81.0025 by tomorrow as long as it trades over 80.2125.
o
Small
sell off will be there below 80.2125.
o
I
am bullish on euro/inr for the rest of the year.
UK Pound/Indian Rupee 27th
December 2018 Futures (Gbp/inr CMP 89.1525): One Support: 88.8725-89.0750
One Resistance: 89.5400
o
Key
support is at 89.0050.
o
Gbp/inr
needs to trade over 89.0050 to rise to 89.5450 and 89.9775.
o
Small
sell off will be there only below 89.0050.
o
There
can be very sharp two way moves.
Japanese Yen/Indian Rupee 27th
December 2018 Futures (Jpy/inr CMP 62.8850): One Support: 62.6050
One Resistance: 63.0975
o
Another
wave of sell off will be there below 62.6050 to 62.4975 and 62.3375.
o
Overall
trend is bullish as long as jpy/inr trades over 62.6050.
Tuesday 18 December 2018
Mcx Copper Report : 18th December 2018
Tuesday, December 18, 2018
TIME 8:40 AM
IST
------------------------------------------------------------------------------------------------------------------------
MCX COPPER
REPORT
Copper will break free from 425-450 wider trading range and
form a new range anytime. Key long term support for copper is at 422. Copper
needs to trade over 422 for the rest of the month to be in a long term bullish
zone.
Copper
February 2019: (previous day close/CMP
Rs.438.80)
Bullish
over 438.50 with 446.80 and 450.60 as price target.
Bearish
below 434.90 with 431.40 and 428.20 as price target.
Neutral Zone:
434.90-438.50
One
Support: 434.90
One Resistance:
441.70
o Small sell off will be there below 438.50
o Crash will be there below 434.90.
o Corrections upto 428.20 are a part of
the long term bull trend.
o Copper needs to trade over 440-441
zone today to rise or be in bullish zone.
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