Traders are still assessing the impact of Greece state elections. FOMC meet will be the key. A softer tone on interest rates by the Federal Reserve can result in rupee falling below 60.00 against the US dollar in the inter-bank market. There are more positive domestic factors than negative factors.
Usd/inr February 15 (expiry on 25th February 15):
Euro/inr February 15 (expiry on 25th February 15):
Gbp/Inr February 15 (expiry on 25th February 15):
Jpy/Inr February 15 (expiry on 25th February 15):
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 next Friday. Today there will be sellers only if usd/inr trades below 61.70 in UK session after 2:00 pm IST.
Euro/inr February 15 (expiry on 25th February 15):
- Jobbers aggressive buy over: 69.62 (after 2pm IST) stop loss 69.74 for 69.86-70.24
- Jobbers aggressive sell below: 69.2250 stop loss 69.4125 for 69.0875 and 68.8825
- Euro/inr needs to trade over 69.62 to be intraday bullish zone and rise to 70.7625 and 71.70. Key weekly support is at 68.8225. The next wave of selling will be only if euro/inr trades below 68.8225 on Thursday after FOMC meet.
Gbp/Inr February 15 (expiry on 25th February 15):
- Key support is at 93.0025. Cable can rise to 94.3250 as long as it trades over 93.0025. There will be sellers only below 93.0025 today. Key weekly support s at 89.62.
Jpy/Inr February 15 (expiry on 25th February 15):
- Yen/inr needs to fall below 51.60 or break and trade over 52.70 for direction. One needs to be careful going short at current prices.
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