The document provides technical analysis levels for various currency futures contracts traded on the NSE for intraday trading on March 5, 2013. It lists the pivot point, resistance and support levels for currency pairs such as EUR/INR, GBP/INR, JPY/INR and USD/INR. The pivot point is considered a trigger for intraday buy/sell decisions. Resistance levels R1, R2, R3 are above the pivot point and support levels S1, S2, S3 are below the pivot point. The analysis is meant to guide intraday traders on entry, exit and stop loss levels based on the currency pair's price action relative to the pivot point.

1. NSE Currency Intra-day Technical Levels For - 05/03/13
Close * Intra Day Pivot Resistance Support
CURRENCY CONTRACT_D 04/03/13 Trend Point R1 R2 R3 S1 S2 S3
FUTCUREURINR27-MAR-2013 71.6475000 DOWN 71.7892 71.9733 72.2992 72.8092 71.4633 71.2792 70.7692
FUTCUREURINR26-APR-2013 72.0150000 DOWN 72.1458 72.3192 72.6233 73.1008 71.8417 71.6683 71.1908
FUTCUREURINR29-MAY-2013 72.3175000 DOWN 72.4375 72.6050 72.8925 73.3475 72.1500 71.9825 71.5275
FUTCUREURINR26-JUN-2013 72.7800000 DOWN 72.7800 72.7800 72.7800 72.7800 72.7800 72.7800 72.7800
FUTCUREURINR27-DEC-2013 74.7700000 DOWN 74.7700 74.7700 74.7700 74.7700 74.7700 74.7700 74.7700
FUTCURGBPINR27-MAR-2013 82.9225000 DOWN 83.0183 83.1967 83.4708 83.9233 82.7442 82.5658 82.1133
FUTCURGBPINR26-APR-2013 83.3225000 DOWN 83.4292 83.5833 83.8442 84.2592 83.1683 83.0142 82.5992
FUTCURGBPINR29-MAY-2013 83.7350000 DOWN 83.7483 83.8867 84.0383 84.3283 83.5967 83.4583 83.1683
FUTCURJPYINR27-MAR-2013 59.0025000 DOWN 59.1075 59.2850 59.5675 60.0275 58.8250 58.6475 58.1875
FUTCURJPYINR26-APR-2013 59.2325000 DOWN 59.3525 59.5100 59.7875 60.2225 59.0750 58.9175 58.4825
FUTCURJPYINR29-MAY-2013 59.7350000 UP 59.6600 59.8100 59.8850 60.1100 59.5850 59.4350 59.2100
FUTCURUSDINR27-MAR-2013 55.1600000 DOWN 55.2425 55.3625 55.5650 55.8875 55.0400 54.9200 54.5975
FUTCURUSDINR26-APR-2013 55.4850000 DOWN 55.5617 55.6733 55.8617 56.1617 55.3733 55.2617 54.9617
FUTCURUSDINR29-MAY-2013 55.7450000 DOWN 55.8267 55.9333 56.1217 56.4167 55.6383 55.5317 55.2367
FUTCURUSDINR26-JUN-2013 56.0050000 DOWN 56.0817 56.1933 56.3817 56.6817 55.8933 55.7817 55.4817
FUTCURUSDINR29-JUL-2013 56.2475000 DOWN 56.3342 56.4358 56.6242 56.9142 56.1458 56.0442 55.7542
FUTCURUSDINR28-AUG-2013 56.5125000 DOWN 56.6033 56.7017 56.8908 57.1783 56.4142 56.3158 56.0283
FUTCURUSDINR26-SEP-2013 56.8225000 DOWN 56.9017 56.9808 57.1392 57.3767 56.7433 56.6642 56.4267
FUTCURUSDINR29-OCT-2013 57.0600000 DOWN 57.4233 57.7867 58.5133 59.6033 56.6967 56.3333 55.2433
FUTCURUSDINR27-NOV-2013 57.3600000 DOWN 57.4100 57.4600 57.5600 57.7100 57.3100 57.2600 57.1100
FUTCURUSDINR27-DEC-2013 57.5850000 DOWN 57.6417 57.7808 57.9767 58.3117 57.4458 57.3067 56.9717
FUTCURUSDINR29-JAN-2014 57.8825000 DOWN 57.9283 58.0542 58.2258 58.5233 57.7567 57.6308 57.3333
FUTCURUSDINR26-FEB-2014 58.1475000 UP 58.1458 58.3017 58.4558 58.7658 57.9917 57.8358 57.5258
Sanjay Bhatia (AVP – Technical Research),
Email Id sanjay@keynotecapitals.net
Pivot Point: Intra- Day Trading Tool. - The key to the use of this tool is the use of Stop Loss
Intra Day Trend: It is valid only till the point where Price trades above Pivot Point. For Eg. “UP” would be valid till Price
remains above Pivot Point. It would become “DOWN” in event Price trades below Pivot Point.
Pivot Point (PP): This is a trigger point for Intra Day Buy / Sell based on the price range of the previous day.
R1: Resistance 1: 1st Resistance level over Pivot Point, R2: Resistance 2: Next Resistance level after R1.
R3: Resistance 3: Next Resistance level after R2.
S1: Support 1: 1st Support level after Pivot Point, S2: Support 2: Next Support level after S1.
S3: Support 3: Next Support level after S2.
Note: As per this tool, the trader should take BUY position just above the Pivot Point and keep the Pivot Point level as stop
loss and the first target would be R1 level (Resistance 1). If R1 is crossed then R2 (Resistance 2) becomes the next target
with the stop loss placed at R1 level. If R2 is crossed then R3 (Resistance 3) becomes the next target with the stop loss
placed at R2 level.
Similarly if price goes below the Pivot Point the trader should take a SELL position and keep the Pivot Point level as the
stop loss and the first target would be S1 level (Support 1). If S1 level is breached then S2 level (Support 2) becomes the
next target with the stop loss placed at S1 level. If S2 level is breached then S3 level (Support 3) becomes the next target
with the stop loss placed at S2 level.
Keynote Capitals Ltd.
The Ruby,
9th Floor, Senapati Bapat Marg,
Dadar (W), Mumbai, India – 400028
Tel: 30266000 / 22694322
www.keynotecapitals.com

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The Ruby,
9th Floor, Senapati Bapat Marg,
Dadar (W), Mumbai, India – 400028
Tel: 30266000 / 22694322
www.keynotecapitals.com