US markets are closed today. Currency markets still reel into the aftermaths of the Swiss central bank move last week. Traders will reduce even more risk before the European central bank meeting on Thursday. Intraday volatility could rise. Trade carefully.
Usd/inr January 15 (expiry on 28th January 15):
Euro/inr January 15 (expiry on 28th January 15):
Gbp/Inr January 15 (expiry on 28th January 15):
Jpy/Inr January 15 (expiry on 28th January 15):
Usd/inr January 15 (expiry on 28th January 15):
- Jobbers aggressive buy over: 62.91 stop loss 61.81 for6 62.03-62.21
- Jobbers aggressive sell below: 61.51 stop loss 62.6325 for 61.3750-61.1225
- 400 day moving average at 61.35550 is the key support. The next wave of selling will be below 61.3550 to 61.0670 and 60.8650. One needs to trade carefully between 61.3550 and 61.90 as anything can happen in this price zone.
Euro/inr January 15 (expiry on 28th January 15):
- Jobbers aggressive buy over: 71.90 stop loss 71.81 for 72.03-72.32 (high risk)
- Jobbers aggressive sell below: 71.25 stop loss 71.36 for 71.0350 and 70.7625 (high risk)
- Euro/inr can fall to 70.725 and 69.6250 as long as it trades below 72.32500. key price to watch today is 71.3675.
Gbp/Inr January 15 (expiry on 28th January 15):
- Key support is at 93.10. The next wave of selling will be below 93.10 to 90.6875 and 90.2450.
- Only a break of 93.72 will resume the intraday bullish zone.
Jpy/Inr January 15 (expiry on 28th January 15):
- Yen/inr can rise to 53.0350-53.3350 as long as it trades over 52.63. There will be sellers if jpy/inr trades below 52.63 in UK session.
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