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USD INR MAY

close 10 day Trend L1 L2 CP R1 R2

53.5875 53.3735 UP 52.1783 53.1308 53.6267 54.0833 55.0358

Hold short position with a stop loss of 54.1775.

Exit long and sell on rise to 53.6267 or above to 54.0833 with a stop loss of 54.6375.

Expect lower range of 53.1308/52.1783 to be tested.

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EURO INR MAY

close 10 day TREND L1 L2 CP R1 R2

69.2775 69.9140 DOWN 67.5633 68.7383 69.3742 69.9133 71.0883

A breakout and close above 71.2900 can stage the next round of rally.

Exit long and sell on rise to 69.3742-69.9133 with a stop loss of71.30.

Expect lower range of 68.7383/67.5633 to be tested.

.

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JPY INR APRIL

close 10 day TREND L1 L2 CP R1 R2

67.2225 66.5708 UP 65.5042 66.6692 67.2808 67.8342 68.9992

A channeled up move is being witnessed. The channel may be violated on the

downside only on fall below 66.1250.

Exit long on rise to 67.2808/67.8342 range as the opportunity arises.

Expect 66.6692/65.5042 to be tested.

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GBP INR MARCH

close 10 day TREND L1 L2 CP R1 R2

86.5200 86.3060 UP 84.3867 85.8067 86.5133 87.2267 88.6467

Exit long and sell on rise to 86.5133/87.2267 with a stop loss of 87.52.

Expect lower range of 86.8067/84.3867 to be tested.

Buy above 87.52 with low of the day stop loss or 85.50.

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Conclusion

Overall weakness in INR continues with minor intra-day volatility of strength.

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