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Sep 12, 2013, 12.12 PM IST | Source: Moneycontrol.com

Rupee likely to trade with a positive bias: Nirmal Bang

Nirmal Bang has come out with its report on currencies. According to the research firm USD/INR (spot) is expected to trade with a positive bias but a dip upto 62.90 cannot be ruled out.

Nirmal Bang report on currencies:

USD/INR (spot) is expected to trade with a positive bias but a dip upto 62.90 cannot be ruled out. Buying on dips is recommended for intraday trading. It has a good intraday support at 62.80 & good intraday resistance is at 63.80. Expected intraday range is 62.80 63.80.

EUR/USD is expected to trade with a negative bias during the day. It can be sold on rise upto 1.3340. It has a good intraday support at 1.3250 and resistance is at 1.3385. Expected intraday range is 1.3250 1.3340.

GBP/USD is expected to rise upto 1.5845 but selling on rise is recommended for intraday trading. It has a good intraday support at 1.5750 and resistance is at 1.5895. Expected intraday range is 1.5750 1.5845.

USD/JPY can dip upto 99.35 but buying on dips is recommended for intraday trading. It has a good intraday support at 98.85 & resistance is at 100.30. Expected intraday range is 99.35 100.30.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

READ MORE ON  USD/INR, EUR/USD, GBP/USD, USD/JPY, rupee

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