Rupee (usd/inr) Weekly View (NSE Currency Future)

Insignia Consultants

New Delhi

Monday, September 13, 2021 TIME 11:38 AM IST                                        

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NSE Currency Futures Report for 13th September 2021 (Weekly View)

Rupee is testing key short term technical resistances. Only a break of the same will trigger another wave of rise due to short covering in futures and options. However failure to break key resistances will trigger a test of last week’s low. Trend on Wednesday is the key for the rupee (usd/inr) from a short term perspective.

US dollar-Indian Rupee, USDINR (28th September) (previous day close/CMP Rs.73.7325)

  1. Intraday support: 73.4550 and 73.6025
  2. Intraday resistance: 73.9275
  3. Usd/inr needs to trade over 73.6025 till Wednesday to rise to 73.9275 and 74.1350,
  4. Bearish trend to 73.3175 and 73.0975 will be there in case usd/inr (28th September) does not break 73.9275 by Wednesday/15th September.
  5. Get ready for another big thirty paisa one way move in usd/inr anytime by Wednesday.

Exporters and short sellers are using major every rise to hedge/sell usd/inr futures in NSE. Importers/buyers will come in only if there is confirmation that rupee (usd/inr) will trade over 74.0000 for a very long time.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani. Customer care, whatsapp/telegram 9311139549

Disclosure: Members, employees, directors, clients and all other people associated with “Insignia consultants” do trade in MCX metals and energies. They may or may not have positions on the trading strategies mentioned in this report. They may also have open positions in MCX metals and energies futures in trading strategies other than those mentioned in this report. A

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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