TECHNICAL INSIGHT
USD INR (DEC – Expiry)
USDINR is towards strong resistance zone, also the pair has
support on downside. Thus giving opportunity from both sides.
Buy near 54.81 SL 54.65 for possible TGT of 55.05/55.17/55.34
OR
Sell near 55.45 SL 55.60 for possible TGT of
55.17/55.05/54.81
EUR INR (DEC – Expiry)
Euro has covered too much up move, in too little time. There are
chances of the pair correcting down from higher levels.
Sell near 73.09 SL 73.20 possible TGT 72.85/72.67/72.54
GBP INR (DEC – Expiry)
Pound can also face selling pressure from higher levels after too
sharp spike up. Can be Sold from higher levels.
Sell near 89.55 SL 89.67 possible TGT 89.41/89.29/88.95
JPY INR (DEC – Expiry)
Yen is getting support at lower levels. The pair often opens “Gap
down” and then recovers during the day. It can be bought at lower
levels.
Take Intraday Call, after watching USDINR movement
during 1
st
hour of the trade.
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