The Rupee on Monday opened 15 paise up at 63.89 against dollar on account of selling of American currency by banks and exporters.

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Daily Market Reflection
30th
August 2017
Market Outlook
Fundamental News
Reference Rate
Currency
Date Date
% Chg
28-08-17 29-08-17
USDINR 63.8701 64.0174 +0.23%
EURINR 76.1262 76.7505 +0.82%
GBPINR 82.3605 82.8833 +0.63%
JPYINR 58.5300 58.8100 +0.48%
The Rupee on Monday opened 15 paise up at 63.89 against dollar on
account of selling of American currency by banks and exporters.
The dollar slumped to a 4 month low against the yen early on Tuesday
afterNorth Korea fired a missile that passed overnorthern Japan.
The euro extended gains to a 2.5 year high against the dollar on
Monday after the European Central Bank president held back from
talking down the currency and as markets worried about the impact of
Tropical Storm Harvey on the US economy.
 France Consumer Spending (MoM) came in at 0.7%, above
forecasts (0.6%) in July.
 United Kingdom Nationwide Housing Prices s.a (MoM)
registered at -0.1%, below expectations (0.1%) in August.
 Germany Gfk Consumer Confidence Survey above forecasts
(10.8) in September: Actual (10.9).
Event Calendar (30th Aug 2017)
Time Currency Event Forecast Previous
All Day EUR German Prelim CPI m/m 0.10% 0.40%
12:30pm EUR Spanish Flash CPI y/y 1.70% 1.50%
2:00pm GBP
Net Lending to
Individuals m/m
5.3B 5.6B
5:45pm USD
ADP Non-Farm
Employment Change
186K 178K
6:00pm USD Prelim GDP q/q 2.70% 2.60%
6:45pm USD
FOMC Member Powell
Speaks
Currencies vs $
Currency
Close
(5:00pm)
Prev
Close
% Chg
Rupee 64.016 63.805 +0.32%
Dollar Index 91.72 92.17 -0.50%
Euro 1.2045 1.1978 +0.56%
Pound 1.2960 1.2933 +0.22%
Japanese Yen 108.60 109.25 -0.59%
Currency Future
Currency
Date Date
% Chg
28-08-17 29-08-17
USDINR 64.1125 64.2050 +0.14%
EURINR 76.5275 77.3325 +1.05%
GBPINR 82.8100 83.2275 +0.50%
JPYINR 58.7350 59.1475 +0.70%
Global Commodities
Commodity Close Prev.Close % Chg
Gold 1325.67 1315.30 +0.79%
Silver 17.489 17.441 +0.28%
Crude 46.25 46.57 -0.11%
Copper 3.102 3.086 +0.52%
USDINR
OUR PREVIOUS CALLS UPDATE
Intradaysuper star
Date Currency Entry Exit P/L
29/08 GBPINR(L) 82.6275 82.8675 +4800
Trifid special
Date Currency Entry Exit P/L
22/08 GBPINR(S) 82.65 82.35 +12000
For our next calls click here……..

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Overview
USDINR EURINR
R1 R2 S1 S2
64.3000 64.4000 64.1000 64.0000
USDINR opened gap down but recovered from lower levels
to close on a flat to positive note.
If the currency pair sustains above the mark of 64.2000 then
it may again gain strength whereas 63.9500 is still seen as
major support for the pair.
R1 R2 S1 S2
77.5000 77.7000 77.1000 76.9000
EURINR surpassed the important resistance on daily chart
and closed on strong note.
Closing above the mark of 77.0000 indicates strength in the
counter whereas on lower side 76.6000 may act as important
support from current levels.
GBPINR
R1 R2 S1 S2
83.4000 83.6000 83.0000 82.8000
GBPINR carried the bulls further for the third consecutive
sessionand closed on a strong note.
On daily chart, it is expected to face stiff resistance around
83.4000 holding above which can continue bulls whereas
82.8000 is seenas immediate support.
JPYINR
R1 R2 S1 S2
59.3000 59.5000 59.0000 58.8000
JPYINR showed strong pull back from support levels and
closed in green territory.
Sustaining above the mark of 59.0000 is a sign of strength
which may further pull it to higher levels while 58.7000 is
seen as key support forthe counter.

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Intraday Super Star
(Premium Section)
EURINR gavepositive breakout from the upper consolidation and hence may continue the up move in the coming sessionas
well.
BUY ABOVE 77.5000 TARGETS 77.6200/77.7400 SL 77.3000.

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Trifid Special
(Premium Section)
GBPINRcontinued the pull back since last three sessions and closing indicates that the bulls may continue in the coming
sessions as well.
BUY ABOVE 83.4000 TARGET83.7000 SL 82.9000.

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