Next week FOMC meet could use a softer tone on interest rate hike. A softer tone by the FOMC (if any) can result in rupee fall below 60.00 against the US dollar in the inter-bank market.
Usd/inr February 15 (expiry on 25th February 15):
- Jobbers aggressive buy over: 62.03 stop loss 61.88 for 62.22-62.42
- Jobbers aggressive sell below: 61.71 stop loss 61.8250 for 61.4950-61.2525
- Usd/inr can fall to 61.3425 and 60.7650 in case it does not break and trade over 62.2250 by next Friday. Today there will be sellers on rise as long as usd/inr does not break and trade over 61.9225.
Euro/inr February 15 (expiry on 25th February 15):
- Jobbers aggressive buy over: No call
- Jobbers aggressive sell below: 70.1250 stop loss 70.3250 for 69.6750 and 71.1225 (high risk)
- Euro/inr can fall to 69.81 and 69.4450 as long as it trades below 70.5275. Only a break of 70.5275 will resume the intraday bullish zone.
Gbp/Inr February 15 (expiry on 25th February 15):
- Key support is at 92.6175. The next wave of selling will be below 92.6175 to 91.9525 and 91.3325. Only a break of 93.2275 will resume the intraday bullish zone.
Jpy/Inr February 15 (expiry on 25th February 15):
- Yen/inr is overall bearish below 52.42 with 52.02 and 51.71 as key supports.
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