Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-01-2017

Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-01-2017

MTECHTIPS Dollar is strengthening against Indian Rupee in long- medium- short-medium- term .Currently Dollar is in strong downtrend and the trend is supported with good volume 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 SELL signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 67.96-67.9-67.86-67.44-67.25-67.06-.Resistance for the USDINR is 68.52-

In medium term Dollar is relatively strengthening against Euro-

Short term and Intraday Level of Dollar with Rupee

Currently USDINR is in HOLD LONG position USDINR has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 68.497 with stop at 67.965 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 68.497 with a stop at 68.034 Below 67.974 go for sell and put stop at 68.437

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