Rupee: NSE currency future daily report for 8th January 2021

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NSE CURRENCY FUTURE DAILY REPORT for 8th January 2021
10:37 IST   SUPPORT RESISTANCE VIEW & TRADING CALL
  Current price S1 S2 R1 R2  
USD/INR JAN 21 70.4550 73.2750 73.4025 73.6175 73.7025 Key resistance till Monday is at 73.7025. Only a break of 73.7025 will result in 73.8725 and 74.2000. Rupee will fall to 73.1925 and 72.7550 is case 73.7025 is not broken by Monday. Trend is neutral. 
EURO/INR JAN 21 90.0400 89.5275 89.8925 90.1150 90.4075 Euro/inr has a key support at 89.8200. It will fall to 89.5275 and 89.1725 (by next week) only if it trades below 89.8200. 
GBP/INR JAN 21 99.5850 99.1700 99.4625 99.7500 99.9750 Gbp/inr has a key support at 99.4625. It will crash only if it falls below 99.4625 to 99.1700 and 98.7875. In case gbp/inr does not fall below 99.4625, then it will rise to 100.0450.There will be big price moves in cable.
JPY/INR JAN 21 70.7275 70.4100 70.6700 70.9300 71.1900 Jpy/inr will crash only if it falls below 70.6700 to 70.4100 and 70.1975. 
             
DAILY COMMENTARY
Trend on Monday is the key for rupee against the major currencies. Impact of US december nonfarm payrolls will be felt on Monday in rupee and other Asian currencies. Rupee will open with a big gap on Monday against the major currencies.
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