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Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-03-2017

Monday, March 13, 2017 22:38
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Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-03-2017

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Mtechtips Dollar is weakening against Indian Rupee.Currently Dollar is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note selling at lower 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 Dollar is in HOLD SHORT position.Positionally Immediate support for USDINR is 66.43.Resistance for the USDINR is 67.17-67.2-67.32-67.68-67.89-67.9-68.06-

Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD SHORT position USDINR is moving sideways so short term investor better to buy only above 66.9875 or hold with stop at 66.6975 The USDINR is now trading is approaching oversold level. The USDINR is now trading is approaching oversold level. The oscillator is on BUY Signal and USDINR is recovering from oversold level

Intraday Trend- Buy is advised above 66.954 with a stop at 66.547 Below 66.497 go for sell

WWW.MTECHTIPS.COM

 

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