USDINR Update :- USDINR Sept Contract Trading at Rs. 65.58 (Up By 76 paise ) Trading Strategy : 1. Buy USDINR at or above 65.61 with targets of 65.78-65.92-66.18-66.39 levels, SL 65.40 and below. 2. Short Sell USDINR at or below 65.40 with targets of 65.23-64.83-64.63-64.35-63.76 levels, SL 65.61 and above. Note ;- USDINR Sept contract touched a high of 65.90(22nd Aug,2013) if it breaks then More Buying pressure will be seen and targeting the minimum of say Rupee 1-1.50 paise from here. Also Below 65.90, USDINR looks slightly Bearish because of next some days (From Tomarrow) Equity mkt and nifty looks Bullish , so suppose Nifty will go Green then USDINR will Go down and Take to lower level of 64.65-64.35-63.76-63.25 levels. Trading Rang :- (Weekly ) -66.10-63.25 levels. Advice :- Overall Short To Medium Term USDINR looks Bullish (Target Intact :- 69-71.25-73.45-75.66 levels.) So Buy On Every Dips Only.
Posted on: Tue, 27 Aug 2013 03:52:51 +0000
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