February 28th, 2014
Currency Futures (NSE)
Currency
USDINR
EURINR
GBPINR
JPYINR
Expiry
MAR
MAR
MAR
MAR
Spot
61.9700
85.1410
103.3160
60.5400
Call
OI
4574
5277
53098
37638
81327
Open
62.2700
85.5900
104.0000
60.7700
High
62.3300
85.7000
104.0350
60.9700
Low
62.1750
85.4800
103.7000
60.7450
Strike Price
Trade Sheet:
Close
62.2400
85.5875
103.9175
60.8375
% chg
-0.20%
-0.25%
0.02%
-0.14%
OI
% Chg in OI
528366
30.28%
48439
18.96%
42980
26.72%
3386
33.87%
Option Monitor
IV
18.88
23.24
4.19
7.80
14.69
% Chg in OI
0.11%
-9.75%
13.69%
-2.79%
1.65%
Volume
1497
1170
49476
8667
2120
Premium
0.9800
0.5000
0.0025
0.0025
0.0025
Premium
0.0025
0.0025
0.0225
0.5300
1.0300
Volume
62
4773
29542
2278
5755
Put
OI
26809
21050
45858
22425
27657
% Chg in OI
0.21%
2.85%
-9.00%
-7.52%
-6.14%
62.4
9.4
9.2
9
8.8
8.6
8.4
8.2
8
3.1
3
2.9
2.8
2.7
2.6
2.5
2.4
63.00
62.50
62.00
61.50
Put
61.00
0
20000
40000
60000
Source: Reuters
FII Activity
IV
15.26
10.05
5.09
11.69
14.93
Action
BUY
SELL
NET
Days to Expriy
Rs. (Crs)
2649.66
2226.25
423.41
$ (Mil)
423.13
355.52
67.62
28
61.00
61.50
62.00
62.50
63.00
10 Yr Bonds Yields
Open Interest Distribution
62.2
62
61.8
61.6
61.4
61.2
Call
61
Correlation Between Nifty v/s USDINR
6400
6350
6300
6250
6200
6150
6100
6050
6000
Source: Reuters
India
US (RHS)
USDINR
Nifty

Market Snapshot
The rupee snapped a three-day winning streak on Wednesday closing at 61.98, despite gains in the domestic share market, as month-end dollar demand from importers hurt. It is expected that the currency will remain range-
bound in the near-term in the absence of any major domestic or global triggers. The December quarter GDP is due to be released today after market close and will be the next key factor for markets.
The rupee snapped a three-day winning streak on Wednesday closing at 61.98, despite gains in the domestic share market, as month-end dollar demand from importers hurt. It is expected that the currency will remain range-
bound in the near-term in the absence of any major domestic or global triggers. The December quarter GDP is due to be released today after market close and will be the next key factor for markets.
The pound firmed against the dollar yesterday closing at 1.6691 after Fed Chairperson Janet Yellen said that US legislator’s monetary authorities were concerned with soft economic indicators though monetary policy remains on
course for now. Disappointing weekly jobless claims numbers softened the dollar as well.
The yen traded flat at 101.87 against the dollar in early Asian trade today, after better than expected industrial production and retail sales data from Japan buoyed sentiment. Industrial production in January rose 4% against an
expectation of 3%. Also Tokyo core CPI rose 0.9% in January against expectations of 0.8% and a previous figure of 0.7%.
Technical Chart
Currency
USDINR
EURINR
GBPINR
JPYINR
Currency
Dollar Index
Euro
Pound
Yen
Support - Resistance for the day
Pivot
62.25
85.59
103.88
60.85
Open
80.1480
1.3743
1.6677
102.2300
Previous
0.068
1.3%
-1.9%
56.6
S1
62.17
85.48
103.73
60.73
High
80.1790
1.3748
1.6687
102.3900
Period
1- Month
3-Month
6-Month
1-Year
S2
62.09
85.37
103.55
60.63
Low
80.1240
1.3737
1.6667
102.1000
Forward
62.3925
63.3650
64.6100
67.0550
R1
62.32
85.70
104.07
60.96
Close
80.1730
1.3739
1.6672
102.3400
Future
61.9765
62.5875
63.7000
65.6500
R2
62.40
85.81
104.22
61.08
% chg
-0.04%
0.04%
0.04%
-0.12%
NDF
62.3580
63.1280
64.4030
66.8280
International Pairs
Economic Data
Today
Unemployment rate
GDP
GDP
-
Currency
EUR
India
US
-
Expected
12.00%
4.9%
2.50%
-
Previous
12.00%
4.8%
3.2%
-
Yesterday
Currency
German Unemployment rateEUR
German CPI
EUR
Core Durable Goods order US
PMI
Japan
Actual
0.068
1.2%
1.1%
55.5
Forward Market (OTC/ Interbank)
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