Moneycontrol
Aug 11, 2017 11:32 AM IST | Source: Moneycontrol.com

Sell USDINR; target of 63.80: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can sell USDINR for the target of 63.80 with a stop loss of 64.40.

Dollar
Dollar

Way2Wealth's currency report on USDINR


USDINR futures opened strongly higher with gap in the last session and prices corrected for first half of the session till low of 64.01. Later prices recovered strongly and closed around 64.15 level.  Prices have bounced after taking strong support around 63.75 level. Currently prices have taken resistance around  its short term declining trend line placed near 64.20  level and are expected to fall from these levels  towards immediate support placed around 63.80 level.

Pair : USDINR
Action : Sell
Entry : 64.20
Target : 63.80
Stop Loss : 64.40

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