Mtechtips MCX-SX USDINR INTRADAY trading analysis 25-11-2016
MTECHTIPS The Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for USDINR is 67.7-67.32-67.06-67.01-66.89-66.83-66.82-. Immediate resistance for USDINR is 69.11
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 68.835 or hold with stop at 67.985 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 68.998 with a stop at 68.503 Below 68.433 go for sell.