Currency
Trading Pivot range for 7th Friday, September,2012.
All
the currency pairs have traded in the red on 6th Thursday. The charts
too suggest that some weakness is setting in. therefore it will be advisable
not to go long unless Nifty loses too many points in intraday. I have to quote
Nifty here because currencies especially USD shows a certain relationship with
the movement of Nifty. Traders please take note of this point before entering trade.
The
trading range for currency pairs at MCX is posted below
|
|
EURINR-I
|
GBPINR-I
|
JPYINR-I
|
USDINR-I
|
|
R3
|
71.1400
|
89.6033
|
71.9542
|
56.4225
|
|
Mid R3
|
71.0575
|
89.5163
|
71.8600
|
56.3625
|
|
R2
|
70.9750
|
89.4292
|
71.7658
|
56.3025
|
|
Mid R2
|
70.8300
|
89.2800
|
71.6163
|
56.1963
|
|
R1
|
70.6850
|
89.1308
|
71.4667
|
56.0900
|
|
Mid R1
|
70.6025
|
89.0438
|
71.3725
|
56.0300
|
|
Pivot
|
70.5200
|
88.9567
|
71.2783
|
55.9700
|
|
Mid S1
|
70.3750
|
88.8075
|
71.1288
|
55.8638
|
|
S1
|
70.2300
|
88.6583
|
70.9792
|
55.7575
|
|
MID S2
|
70.1475
|
88.5713
|
70.8850
|
55.6975
|
|
S2
|
70.0650
|
88.4842
|
70.7908
|
55.6375
|
|
Mid S3
|
69.9200
|
88.3350
|
70.6413
|
55.5313
|
|
S3
|
69.7750
|
88.1858
|
70.4917
|
55.4250
|
Happy trading!
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