The overall pressure on the rupee to weaken will continue for the time being. Rupee’s sharp gains against the euro and Japanese yen has also resulted in continued intervention by the Reserve bank of India. Greece, Ukraine and other global developments are the key global factors which can affect the rupee. Trade very carefully that’s all I can comment.
Usd/inr February 15 (expiry on 25th February 15):
- Jobbers aggressive buy over: 62.6250 stop loss 62.4950 for 62.7950-63.0325
- Jobbers aggressive sell below: No call
- Usd/inr can rise to 62.76-63.15 as long as it trades over 62.22.
Euro/inr February 15 (expiry on 25th February 15):
- Jobbers aggressive buy over: 71.02 stop loss 70.9225 for 71.1975-71.3775
- Jobbers aggressive sell below: 70.6950 (after 2pm IST) stop loss 70.7875 for 70.4925-70.3775.
- Euro/inr can rise to 71.02 and 71.37 as long as it trades over 70.6225. There will be sellers only below 70.6225
Gbp/Inr February 15 (expiry on 25th February 15):
- Cable has a key resistance at 95.33. Only a break of 95.33 will trigger another wave of rise to 95.7975 and 96.9850. On the lower side 95.1150 is the initial support with 94.8850 as key support.
Jpy/Inr February 15 (expiry on 25th February 15):
- Till next there will be a technical break down only below 51.77. Overall yen/inr is bearish below 52.5250.
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