Buy USDINR Around 68.40; target of 69.10: Way2Wealth

Way2Wealth's report on currenciescurrenciesUSDINR USDINR Nov futures opened higher with gap above strong resistance of 68.30 and prices consolidated for half of the session in the range of 68.40- 68.50. Later prices broke the  range on the higher side  and rose for the remaining  session and closed near  day’s expected to rise further from these levels towards  next  strong  resistances placed at 68.80 and 69.1 Strong supports are placed at 68.40 and 68.10 levels.GBPINR GBPINR Nov futures opened  flat and prices consolidated  for the whole session in the range of 84.70 Prices have been trading in the  85.20  after breaking out from its short term declining  trend line and are expected to rise from these levels  towards next strong resistances placed at 85.60 and 86.1 levels. On the lower side strong supports are place d at 84.50 and 83.90 levels. EURINR EURINR Nov futures opened continued to rise for half of the session and later corrected till opening levels. Prices recovered for the remaining session and closed near Prices are expected to recover further from these levels towards next strong resistances placed at 73.10 and 73.40 levels. Strong supports are placed at 72.70 and 72.40 levels.Pair : USDINRAction : Buy AroundEntry : 68.40Target : 69.10Stop Loss : 68.10Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

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