4/9/2015

April 9th, 2015

Currency Futures (NSE)

Spot
62.1833
67.0210
92.4600
51.6700

Open
62.5800
67.8900
92.9400
52.0325

High
62.6250
68.0775
93.5875
52.3100

Low
62.4850
67.6700
92.7900
52.0325

Close
62.5100
67.9350
93.4250
52.2350

% chg
-0.07%
-0.04%
0.25%
0.15%

OI
% Chg in OI
1613808
5.1%
45133
-5.7%
36461
11.2%
9647
-17.0%

Trade Sheet:
Buy 62.50PE and 63.50CE at 0.38
SL Hit - Buy GBPINR 93.46 SL 92.93 Tgt
94.38

Option Monitor

1.7

1.5

US (RHS)

Put

64.00

IV
4.49
4.79
5.41
5.89
7.47

Call

63.00

62.50
62.00
100000

200000

Rs. (Crs)
4536.32
5015.50
-479.18

$ (Mil)
723.09
799.47
-76.38

Days to Expiry

19

Correlation Between Nifty v/s USDINR

63.50

Action
BUY
SELL
NET

62.4
62.3
62.2
62.1
62
61.9
61.8
61.7

8750
8700
8650

8600
8550
8500
3-Apr

7.2
31-Mar

1.9

17-Mar

2.1

7.4

3-Mar

7.6

17-Feb

2.3

3-Feb

7.8

20-Jan

2.5

6-Jan

23-Dec

2.7

9-Dec

% Chg in OI
6.75%
-17.83%
4.15%
-3.33%
-4%

Open Interest Distribution

8.2

India

Volume
48043
32893
14472
1311
408

300000

Source: Reuters

7-Apr

62.00
62.50
63.00
63.50
64.00

Premium
0.0775
0.2650
0.6050
1.0250
1.5125

6-Apr

Premium
0.5950
0.2825
0.1200
0.0500
0.0325

10 Yr Bonds Yields

Source: Reuters

Put
OI
74730
68973
146360
24295
35367

Strike Price

Volume
6231
30670
61101
141926
69661

5-Apr

Call
OI
49403
119941
241260
187905
174022

% Chg in OI
8.38%
0.45%
2.92%
47.78%
2.17%

4-Apr

IV
4.35
4.64
5.12
5.67
6.83

FII Activity

USDINR

9-Apr

Expiry
April
April
April
April

8-Apr

Currency
USDINR
EURINR
GBPINR
JPYINR

Nifty (RHS)

Market Snapshot
INR ended flat against the U.S. dollar as FIIs flow help INR recover from intraday lows. The rupee traded sideways as the inflows into equities helped offset the
impact of the overnight surge in dollar index. Inflows from the governments 5% stake sale in REC helped the rupee. In another development, rating agency
Moodys has upgraded Indias outlook to positive from stable, keeping the rating same at Baa3, which could help the rupee appreciate.
Euro fell slightly against the dollar on after the minutes from the Fed's March meeting signified that the U.S. central bank could be placing more emphasis on the

4/9/2015
INR ended flat against the U.S. dollar as FIIs flow help INR recover from intraday lows.
The rupee traded sideways as the inflows into equities helped offset the
impact of the overnight surge in dollar index. Inflows from the governments 5% stake sale in REC helped the rupee. In another development, rating agency
Moodys has upgraded Indias outlook to positive from stable, keeping the rating same at Baa3, which could help the rupee appreciate.
Euro fell slightly against the dollar on after the minutes from the Fed's March meeting signified that the U.S. central bank could be placing more emphasis on the
strength of its volatile currency than the timing of a potential interest-rate hike. Members of the FOMC appeared to be divided on whether to raise interest rates at its
June meeting. Following weaker than expected GDP growth and a disappointing U.S. March jobs report, lift off in September now appears more likely. Pound was
higher against the U.S. dollar, after the minutes of the Fed's latest policy meeting. Pound remained supported after data on Tuesday showed that U.K. service
sector activity expanded at the fastest rate in seven months in March. Yen gained as the BoJ kept policy steady, but saw continued dissent to easy policy by one
key board member.

Technical Chart

Support - Resistance for the day

Currency
USDINR
EURINR
GBPINR
JPYINR

Pivot
62.54
67.89
93.27
52.19

S1
62.46
67.71
92.95
52.08

S2
62.40
67.49
92.47
51.92

R1
62.60
68.12
93.75
52.35

R2
62.68
68.30
94.07
52.47

Close
98.1770
1.0778
1.4869
120.30

% chg
-0.24%
0.01%
-0.03%
-0.15%

International Pairs
Currency
Dollar Index
Euro
Pound
Yen

Open
98.0430
1.0780
1.4865
120.12

High
98.2450
1.0787
1.4883
120.39

Economic Data
Today
Currency
German Industrial Production (MoM) (Feb)EUR
German Trade Balance (Feb)
EUR
Trade Balance (Feb)
GBP
Interest Rate Decision (Apr)
GBP

Expected
0.01
19.7B
-8.41B
0.01

Previous
Yesterday
Currency
JPY
0.01
Adjusted Current Account
EUR
19.7BGerman Factory Orders (MoM) (Feb)
JPY
-8.41B
BoJ Press Conference
EUR
0.01
Retail PMI

Low
98.0370
1.0759
1.4848
120.05

Forward Market (OTC/ Interbank)

Actual
0.6T
-0.90%
0.00%
4860.00%

Previous
1.06T
-3.90%
0.00%
4640.00%

Period
1- Month
3-Month
6-Month
1-Year

Forward
62.6108
63.4208
64.6958
66.8833

Future
62.5100
63.2975
64.4925
66.6400

NDF
62.5033
63.1433
64.1433
66.0533

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