Tomorrow is May Day. Indian financial markets are closed. The FOMC meet is tonight. Traders will take positions for tonights FOMC meet and Fridays US April nonfarm payrolls. Today is a also big day for Indian elections with key BJP rules states Gujarat and Punjab electorates giving their verdict.
Usd/inr May 2014: It needs to trade over 60.56 to prevent further selling. Only a break of 60.76 will result in further gains.
Euro/inr May 2014: It can fall to 83.56 and 83.12 as long as it trades below 84.19. Only a break of 84.19 will resume the bullish zone.
Gbp/Inr May 2014: There will be a technical break down below 101.90 to 101.62 and 101.19. Only a break of 102.40 will result in further gains
Jpy/Inr May 2014: It needs to trade over 59.17 to target 59.47 and 59.86. There will be sellers only below 59.17.
Usd/inr May 2014: It needs to trade over 60.56 to prevent further selling. Only a break of 60.76 will result in further gains.
Euro/inr May 2014: It can fall to 83.56 and 83.12 as long as it trades below 84.19. Only a break of 84.19 will resume the bullish zone.
Gbp/Inr May 2014: There will be a technical break down below 101.90 to 101.62 and 101.19. Only a break of 102.40 will result in further gains
Jpy/Inr May 2014: It needs to trade over 59.17 to target 59.47 and 59.86. There will be sellers only below 59.17.
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