Nirmal Bang has come out with its report on USDINR, EURINR, GBPINR and JPYINR.
USD/INR has a good intraday support at 48.90 and thus can be bought on dips upto 49.10. It has a good resistance at 49.60. Expected intraday range is 49.10-49.50.
EUR/INR can rise upto 64.70 but selling on rise is recommended for the day. It has a good support at 64.10 and resistance is at 64.90. Expected intraday range is 64.20-64.70.
GBP/INR can rise upto 77.95 where an intraday short position can be initiated. A good intraday support is at 77.40 and resistance at 78.10. Expected intraday range is 77.50-77.95.
JPY/INR can give a rise upto 64.35 where an intraday short position can be initiated. A good intraday support is at 63.80 and resistance at 64.50. Expected intraday range is 63.90 - 64.35.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
