TECHNICAL VIEW
USD INR (Jan 13 – Expiry)
Buy USDINR @53.70 target 53.85/95/98/54.01 sl 53.65
The down move has been very sharp. The trend remains weak. But the chances are of "Gap Up" OR "Gap Down" openings.
We are not recommending any trade Pre-Open for today due to very high volatility expectations, when market opens.
EUR INR (Jan 13– Expiry)
EURUSD seems in strong uptrend. However, the bearish sentiments in USDINR will impact EURINR also.
Positions can be taken, once USDINR settles for a trend after 1st hour of trade.
GBP INR (Jan 13 – Expiry)
GBPINR is in weak trend. Let the initial dust get settle, then initiate any trade.
JPY INR (Jan 13 – Expiry)
JPYINR remains the weakest of 4 pairs. But given the very High “Beta” and it has gap Up OR Gap Down opening. Its moves are directly impacted by USDINR trend
USD INR (Jan 13 – Expiry)
Buy USDINR @53.70 target 53.85/95/98/54.01 sl 53.65
The down move has been very sharp. The trend remains weak. But the chances are of "Gap Up" OR "Gap Down" openings.
We are not recommending any trade Pre-Open for today due to very high volatility expectations, when market opens.
EUR INR (Jan 13– Expiry)
EURUSD seems in strong uptrend. However, the bearish sentiments in USDINR will impact EURINR also.
Positions can be taken, once USDINR settles for a trend after 1st hour of trade.
GBP INR (Jan 13 – Expiry)
GBPINR is in weak trend. Let the initial dust get settle, then initiate any trade.
JPY INR (Jan 13 – Expiry)
JPYINR remains the weakest of 4 pairs. But given the very High “Beta” and it has gap Up OR Gap Down opening. Its moves are directly impacted by USDINR trend
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