Tuesday, 2 April 2013

Indian currency news

Trend updated for-Apr/03/2013.CMP-54.6075 The Dollar is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Dollar is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is 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 LONG position.Positionally Support for USDINR is 54.35-54.33-54.23-54.2-54-.Resistance for the USDINR is 55.03-

Currently USDINR is in HOLD LONG position USDINR is moving sideways so short term investor better to buy only above 54.81 with stop at 54.0625 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 54.787 with a stop at 54.463 Below 54.429 go for sell

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