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Last Updated : Dec 07, 2016 11:39 AM IST | Source:

Sell USDINR around 68.15; target of 67.70: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can Sell USDINR around 68.15 for the target of 67.70 with a stop loss of 68.40.

Way2Wealth's report on Currency

USDINR Dec futures opened  lower with gap and prices  continued to fall for the whole session and made a  low of  67.98. Prices have  been correcting after breaking down  from its short term declining trend line and are ex pected  to correct further from these levels towards next s trong  supports placed at 67.70 and 67.40 levels. On the higher  side strong resistances are placed at 68.15 and  levels.   

Action : Sell Around
Entry : 68.15
Target : 67.70
Stop Loss : 68.40

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

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First Published on Dec 7, 2016 11:39 am
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