USDINR has resistance at 53.3460: Fortune Financial

Fortune Financial has come out with its report on currencies. According to the research firm USD/INR has intraday resistance around 53.346.

October 11, 2012 / 12:57 IST

Fortune Financial has come out with its report on currencies. According to the research firm USD/INR has intraday resistance around 53.346.

Technical Outlook:

USD/INR future contract on MCX are looking positive for intraday. Market may find support near 53.023, 52.827 and 52.701. Intraday resistance can be seen near 53.346, 53.472 and 53.668. Short term trend is looking bearish Market may find major levels near 10 SMA of 52.73 and 50 Days SMA of 55.068.

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To read the full report click on the attachment

first published: Oct 11, 2012 12:38 pm

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