Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 19-01-2017
MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Dollar is showing some down move and trend is strong but volume is unsatisfactory 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 SELL signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 67.86-67.77-67.39-67.22-67.04-.Resistance for the USDINR is 68.5-68.52-
Short term and Intraday Level of Dollar with Rupee
Currently USDINR is in HOLD SHORT position USDINR is in sideways and sellers was at high so for short term better buy above 68.376 or hold with stop at 67.965 The next resistance will be at 68.3775 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 68.376 with a stop at 67.944 Below 67.894 go for sell and put stop at 68.326
WWW.MTECHTIPS.COM
07489294118-119