Rupee and Forex Movement share price target

The Reserve Bank of India (RBI) decided on Thursday to keep the policy rate unchanged for the sixth consecutive time in order to keep a close eye on inflation, which resulted in the rupee trading on a flat note. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.

USDINR February futures traded declined on Wednesday on the back of inflows into the domestic market. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.

USDINR February futures traded in a narrow range on Tuesday. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side,
highest open interest build-up is seen at the 83.00 strike.

USDINR February futures surged on Monday, closing at the 83.11 level, following a strong dollar index. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.

GCPL: Consistent volume growth; cut to HOLD post rally. JSP: Valuations overdone; downgrade to HOLD. ACC: Strong margins; cut to HOLD on full valuations. Bonds Wrap: Fortnightly review. Currency Outlook: Fortnightly forex review. VGRD: In-line quarter. ORIENTEL: Slow quarter; Hyderabad plant to spur growth. SOMC: Lacklustre demand dulls performance. MTLM: Strong performance on fast ramp-up of MDF plant. SRCM: Healthy quarter, expensive valuations

USDINR: Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.25 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike. Technically, the pair has been unable to close above the 20 DMA in the past eighteen trading sessions and is trading below the key level of 83.30.

On Wednesday, USDINR January futures gained in favour of the Dollar in line with the rise in the dollar index and likely outflows from the domestic market. Looking forward, the dollar index will be volatile ahead of US unemployment claims.

On Tuesday, USDINR January futures experienced gains in favour of the Dollar in line with the rebound in the dollar index. Looking forward, the dollar index will be volatile ahead of US retail sales and the Michigan consumer sentiment number, followed by signal from the Federal Reserve.

USDINR January futures experienced a decline on Monday. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.25 strike, while, on the Put side, highest open interest build-up is seen at the 82.75 strike.

USDINR January futures declined on Friday. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 82.8750 strike.