This document contains a technical analysis of currency futures contracts traded on the NSE from February 26, 2013 to January 29, 2014. It provides the daily closing prices and establishes pivot points, resistance and support levels to identify potential buy and sell levels on an intra-day basis. The analysis is intended to help traders identify trading opportunities based on price movements relative to the technical indicators.

1. Close
07/02/13 R1 R2 R3 S1 S2 S3
FUTCUREURINR26-FEB-2013 72.4725000 UP 72.3025 72.7300 72.9875 73.6725 72.0450 71.6175 70.9325
FUTCUREURINR27-MAR-2013 72.7525000 UP 72.5808 73.0117 73.2708 73.9608 72.3217 71.8908 71.2008
FUTCUREURINR26-APR-2013 72.9825000 UP 72.8317 73.2083 73.4342 74.0367 72.6058 72.2292 71.6267
FUTCUREURINR29-MAY-2013 73.3000000 UP 73.2000 73.4000 73.5000 73.8000 73.1000 72.9000 72.6000
FUTCUREURINR26-JUN-2013 73.4075000 UP 73.2717 73.5433 73.6792 74.0867 73.1358 72.8642 72.4567
FUTCUREURINR29-JUL-2013 73.5250000 UP 73.4667 73.5833 73.6417 73.8167 73.4083 73.2917 73.1167
FUTCUREURINR29-OCT-2013 73.6100000 DOWN 73.6100 73.6100 73.6100 73.6100 73.6100 73.6100 73.6100
FUTCURGBPINR26-FEB-2013 83.9525000 UP 83.8250 84.3675 84.7825 85.7400 83.4100 82.8675 81.9100
FUTCURGBPINR27-MAR-2013 84.2575000 UP 84.1425 84.6550 85.0525 85.9625 83.7450 83.2325 82.3225
FUTCURGBPINR26-APR-2013 84.7000000 UP 84.5325 84.9675 85.2350 85.9375 84.2650 83.8300 83.1275
FUTCURGBPINR29-MAY-2013 85.0750000 UP 85.0250 85.5500 86.0250 87.0250 84.5500 84.0250 83.0250
FUTCURJPYINR26-FEB-2013 56.9850000 DOWN 57.0642 57.1758 57.3667 57.6692 56.8733 56.7617 56.4592
FUTCURJPYINR27-MAR-2013 57.2500000 DOWN 57.3308 57.4392 57.6283 57.9258 57.1417 57.0333 56.7358
FUTCURJPYINR26-APR-2013 57.4900000 DOWN 57.5742 57.6808 57.8717 58.1692 57.3833 57.2767 56.9792
FUTCURJPYINR26-JUN-2013 58.5000000 DOWN 58.5000 58.5000 58.5000 58.5000 58.5000 58.5000 58.5000
FUTCURUSDINR26-FEB-2013 53.4250000 UP 53.3858 53.5467 53.6683 53.9508 53.2642 53.1033 52.8208
FUTCURUSDINR27-MAR-2013 53.6950000 UP 53.6550 53.8100 53.9250 54.1950 53.5400 53.3850 53.1150
FUTCURUSDINR26-APR-2013 53.9850000 UP 53.9467 54.0983 54.2117 54.4767 53.8333 53.6817 53.4167
FUTCURUSDINR29-MAY-2013 54.2600000 UP 54.2250 54.3750 54.4900 54.7550 54.1100 53.9600 53.6950
FUTCURUSDINR26-JUN-2013 54.5225000 UP 54.4875 54.6350 54.7475 55.0075 54.3750 54.2275 53.9675
FUTCURUSDINR29-JUL-2013 54.7775000 UP 54.7483 54.8767 54.9758 55.2033 54.6492 54.5208 54.2933
FUTCURUSDINR28-AUG-2013 55.0500000 UP 55.0233 55.0967 55.1433 55.2633 54.9767 54.9033 54.7833
FUTCURUSDINR26-SEP-2013 55.3400000 UP 55.2867 55.3933 55.4467 55.6067 55.2333 55.1267 54.9667
FUTCURUSDINR29-OCT-2013 55.5950000 UP 55.5517 55.6733 55.7517 55.9517 55.4733 55.3517 55.1517
FUTCURUSDINR27-NOV-2013 55.8850000 DOWN 55.9683 56.1167 56.3483 56.7283 55.7367 55.5883 55.2083
FUTCURUSDINR27-DEC-2013 56.0500000 UP 56.0217 56.1433 56.2367 56.4517 55.9283 55.8067 55.5917
FUTCURUSDINR29-JAN-2014 56.2850000 UP 56.2283 56.4542 56.6233 57.0183 56.0592 55.8333 55.4383
Sanjay Bhatia (AVP – Technical Research),
Email Id sanjay@keynotecapitals.net
Support
08/02/13
CURRENCY CONTRACT_D
NSE Currency Intra-day Technical Levels For -
* Intra Day
Trend
Pivot
Point
Resistance
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