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Market Outlook

Indian Currency lost its five day winning spree against dollar in early trades on Friday on back of demand from Banks and importers on back of higher crude oil prices and finally closed the session…….

In April 2016, French Industrial production index – output recovered in the manufacturing industry (+1.3% after -1.0% in March), as well as in the whole industry (+1.2% after -0.4%).The index measures the monthly evolution of the volume of industrial production. Also, the seasonally adjusted Italian industrial production index increased by 0.5%

compared with the previous month.

Fundamental News

USDINR

USDINR opened on higher note and was able to sustain on higher side closing flat to positive.

If it closes above 100 day EMA of 67.1000 then further strength can be seen while 66.7000 is seen as immediate support from current levels.

USD

EURINR

EURINR is dragging continuously since last few sessions and finally settled in red territory.

It strongly resisted as seen on daily charts and if selling pressure continues then it may fall towards 75.1000 whereas 76.0000 may resist it to move forward.

EUR

GBPINR

GBPINR fell for the third consecutive session and even surpassed its important support on daily chart.

On moving southwards, 95.9500 is seen as next major support while 97.1000 may act as immediate resistance from current levels.

GBP

JPYINR

JPYINR moved with negative bias throughout the session and closed in red.

Overall, its trend seems to be strong till it sustains above 62.1000 and 63.1000 is marked as immediate resistance as seen on daily chart.

JPB

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