Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-01-2017
MTECHTIPS 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 Dollar is in HOLD LONG position.Positionally Support for USDINR is 67.97-67.86-67.72-67.6-67.25-67.13-67-. Immediate resistance for USDINR is 68.78
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is showing some Up momentum So buy above 68.247 with stop at 67.8775 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 68.677 with a stop at 68.173 Below 68.094 go for sell and put stop at 68.597
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