22 JUN 2012 MCX - SX CURRENCY TIPS

 

 

MCX-SX PRE-SESSION

MCX –SX RESISTANCE AND SUPPORT LEVELS SCHEME R1 R2 R3 R4 S1 S2 S3 S4 USD INR 56.5250 56.5925 56.7600 56.9100 56.3725 56.2900 56.1550 56.0025 EUR INR 71.5225 71.6050 71.7400 71.8875 71.3750 71.3075 71.1425 70.9950

 

PRE MARKET NEWS

RUPEE LIKELY TO TRADE BETWEEN 56.30-57/USD RANGE

"The rupee is likely to be weak on poor global and local macro data, but an RBI intervention cannot be ruled out since the much feared inflation is set to subside on falling crude prices. The rupee is likely to trade between 56.30-57/USD with a weaker bias."