usdinr morning call update-7 dec 2012

our call of usdinr all target achieved in intraday only and made high 54.75++

currency view 7 dec 2012

TECHNICAL INSIGHT USD INR (DEC – Expiry)
US dollar looking strong on charts, hence buying is recommended.
Buy above 54.3500 with a SL 54.2500 possible targets of 54.4500/54.6000/54.7100.

EUR INR (DEC – Expiry)
Euro is technically weak, hence selling is recommended.
Sell below 70.9000 with a SL of 70.9900 for possible targets of 70.7800/70.6875/70.5600.

JPY INR (DEC – Expiry)
Yen looking strong on charts, hence buying is recommended.
Buy above 65.9200 with SL of 65.8000 with possible targets of 66.0600/66.1250/66.2300.

 GBP INR (DEC – Expiry)
Pound is looking strong hence buying is recommended.
Buy above 87.5525 with a SL of 87.4500 targets would be 87.6775/87.8000/87.9700.