NSE Currency Futures Report for 15th September 2021

 

Insignia Consultants

New Delhi

Wednesday, September 15, 2021 TIME 11:17 AM IST                                   

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NSE Currency Futures Report for 15th September 2021

Cable was not able to hold its gains against the US dollar yesterday. Trend till Friday is the key. There will be a short term technical breakdown if cable trades continues to fall till Friday.

UK Pound-Indian Rupee, GBPINR (28th September) (previous day close/CMP Rs.101.9050)

  1. Intraday support: 101.3650 and 101.5050
  2. Intraday resistance: 101.9650 and 102.3700
  3. Gbp/inr has to trade over 101.6925 to rise to 102.3700 and 102.8775.
  4. Key short term support is at 101.4025.
  5. Short term bearish trend will be there if gbp/inr trades below 101.4025 only. If not till future close on 28th September then 103.4550 is target.

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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