All in all the sentiment is positive. Only short covering before a long weekend can result mild weakness, which should be met by exporters selling and short sellers. I will prefer to remain on the sidelines today. Next two weeks will see a rise in intraday volatility. Position squaring and rebuilding for September half yearly closing will start from Monday.
Usd/inr September 2014: It can fall to 60.6225 and 60.4800 as long as it trades below 60.96-61.05 zone. Jobbers watch 60.77 all the time.
Euro/inr September 2014: It needs to trade over 80.2950 till Monday to rise to 80.9650-81.7550. There will be sellers as long as euro/inr trades below 80.2950 to 80.0725 and 79.7975
Gbp/Inr September 2014: Till Monday cable is bearish as long as it trades below 101.10 with 100.39 and 100.10 as price target. Jobbers watch 100.74.
Jpy/Inr September 2014: Key support is at 58.5325. There will be a technical break down below 58.5325 to 58.2875 and 58.0925. There will be buyers only if jpy/inr trades over 58.7750.
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