Market Outlook

The rupee was trading up by 10 paise at 64.92 in late morning trade against the US dollar on persistent selling of the greenback by banks and exporters in view of weak dollar overseas.The dollar was trading near two-week highs against a basket of the other major currencies on Tuesday as speculation over who will be the next the chairman of the Federal Reserve continued.

Fundamental News

•    French Employment growth sharpest in almost ten-and-a-half years.
•    Japan Manufacturing PMI signals solid growth, but edges lower to 52.5 in October (52.9 in September).
•    China’s economy seen growing 6.8 percent in 2017 and 6.4 percent in 2018: Reuters poll.


USDINR pair bounce back from its lower level and closed the day with good gain.It has crucial support level of 64.9000 below this more selling can be seen. 65.2000 is act as a resistance level.



EURINR pair came down in earlier session and recovered after testing its support zone, settled the day near to resistance level.Now 76.7000 is major resistance level above this it can change its trend, 76.3000 is crucial support level.



GBPINR pair came down after gap up opening and closed the day with positive note.85.6000 is crucial support level below this correcting expected. 86.0000 is resistance level above this some upside movement can seen.



JPYINR pair opened with gap up but unable to hold its upper level and drag down, closed the session near to its days low.It has psychological support of 57.0000 if its price sustain below this then correction expected. 58.4000 is resistance .level.


(Click to submit your details) Just one step to get best trading tips and Recommendation.

Leave a Reply

Your email address will not be published. Required fields are marked *