Sell USDINR; target of 64.40: Karvy

Karvy has come out with its currency report. According to the research firm, one can enter sell USDINR at 64.65-64.70 for target of 64.40 with a stop loss of 64.80.

June 08, 2017 / 11:30 IST

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Karvy's currency report on USDINR

This is the daily chart of USDINR pair, during the last trading day the pair opened 64.49 made a high of 64.50 and found supply at higher levels the pair after the RBI monetary policy made a low of 64.29 signifying supply at higher levels with MACD indicators remaining below the zero line expects supply to come in at higher levels in coming sessions.Disclaimer: 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.

first published: Jun 8, 2017 11:30 am

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